Students whose parents do not give them a monthly allowance or money for certain items might consider working during the school year to supplement their summer savings.

The University of Minnesota's Web site claims that there are benefits to working in addition to financial perks. According to the Web site, holding a job helps students be more organized, as they have to pay more attention to their schedule, and it helps them get work done more efficiently since they don't have time to procrastinate.

However, the Web site also warns against working too many hours. The school suggests that college students work less than 20 hours a week to ensure they have enough time to dedicate to school.