If you play it smart, you can avoid the sort of money troubles that plague many young adults.

• Don't get a credit card unless you absolutely need one. Those guys sitting behind the sign-up table are not there to help you. They're there to make money.
• Avoid non-academic debt. It might seem like a good idea to put that Xbox on a credit card, but it's not. Focus on developing good money skills with cash. Worry about credit later.
• Save and then splurge. If you decide you must have that Xbox, then save for it. Wait until you can pay cash.
• Pay your bills on time. Basic advice, but it's surprising how many people lose track of things. If you pay your bills as they arrive, you won't have to worry about forgetting them.