Using running records as a lens to facilitate multilingual students' language and literacy development can help teachers recognize and build on students' linguistic capital. The authors analyzed 123 running records of Spanish-speaking first graders to begin to identify the types of language-related errors they made when reading. Using an assets orientation, the authors ask teachers to shift from the concept of reading errors to language-related approximations when a student's reading and rereading differ from the text because of linguistic differences. The authors consistently found five types of language-related approximations in the data: teachers' use of tolds, verbs, contractions, prepositions, and use of the plural -s for nouns. The possible impact on comprehension for each of these language-related approximations is explored and practical instructional recommendations provided, as well as a tool to help teachers analyze language-related approximations.