Think you’re too young to be saving money? Feh! Don’t fall for these common myths.

“I don’t need to save now because I don’t have any expenses.”

The fact that you don’t have any living expenses makes this the best time to start saving. Once you’re in the working world, most of your salary will go toward basic needs like rent and utilities. If you save now, you’ll have an early start on a green cushion you’ll need later.

“I don’t make enough to put money away.”

It doesn’t matter how much or how little you earn — the key is to get into the habit of setting aside a percentage of your income for the future. If you pledge to save 10% of your paycheck and only make $100 a week, that’s still $40 a month. And if you stick to that same 10% as your income grows, your savings will also grow. It’s a habit that will benefit you for the rest of your life.

“I don’t need to save for retirement because it’s so far away.”

According to Ariel Serber, a financial advisor with AXA Advisors, LLC, the sooner you start saving, the easier it becomes to get into a consistent routine, and the earlier you do it, the more opportunity you have to accrue interest or invest your money to help that retirement account grow.

“Set a goal for your future and start saving for it while expenses are minimal and time is on your side,” Serber said.

“I can rely on my parents to help me out in a pinch.”

Don’t count on your parents. They may not always be there or in positions to offer financial support down the line. It’s also important to learn how to be independent and self-sustaining in your own difficult times.

“I can always use my credit card in an emergency.”

Your credit limit may not be high enough to tide you over when an emergency strikes, and credit card companies can also lower borrowing limits unexpectedly. Having your own savings account is a much safer plan. Racking up a high credit card balance is also always a bad idea — don’t forget, you’ll have to pay it off. As tempting as it may be to spend all the money you earn, now is the time to be responsible and fund that savings account.

“The earlier you start saving money, the earlier you’ll be in control of your financial situation, instead of your financial situation controlling you,” Serber said.