This study examined the saving and spending behaviors of 1,619 employed high school seniors from over 1,000 private and public schools across the United States. Students were categorized as savers, necessity spenders, and discretionary spenders based on their responses to the question, "How do you spend the money that you earn?" Associations of student spending and saving patterns with individual and family factors were analyzed. Student savers were from families who saved and planned money use. Students who spent more for necessities were from families with fewer resources and greater financial difficulties. Discretionary spenders felt that money was important and were from families with higher income and socioeconomic status. Findings are discussed in light of the importance of families as socializing agents of their children.