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Some good advice so far.
I would suggest 3 things:
1) Set up a budget. Even though you don't make very much, getting into the habit of tracking exactly how much and where you spend your money is critical to good personal finances.
2) Invest a certain $ amount every month. Make it a priority. Go by your budget, which will tell you what you can afford to invest. Doing this monthly will allow you to take advantage of dollar-cost averaging. This strategy allows you to buy more of a certain security when the price is down, but less when the price is up. Still, the overall value is up since the shares purchased at the lower cost are worth more.
3) Invest with certain time horizons in mind. What I mean is, set up some investments for 3-5 years away. This could help you buy a home after college. Set up another investment for 10-20 years away. This will help pay for children's schooling. Finally, invest for retirement. Chances are you'll have a good 20-30 years of life after retirement. Chances are those years won't come cheaply. The more you save now, the better off you'll be then.
Some of the suggestions in 3 might require more professional advice. Finding a good financial advisor could benefit you.
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