1. Avoid Credit Card Debt
One of the best things you can do for your finances long term is to avoid credit card debt. Make it a point to have the money in your account before you charge something. High-interest credit card debt can ruin your finances over time, leaching away your wealth.
2. Only Borrow What You Need for an Education
I had a full-tuition scholarship (because I joined the National Guard) and a cushy job in the mall at GNC. With all of my resources, there was no reason for me to take out the maximum in student loans. But I did anyway.
While you you might need to borrow to fund your education, don't take more than you need to make it work. The smaller your debts, the better.
Then, when you're done with school and looking to repay your loans, make sure you understand what you're getting into. Too many people are getting caught up in student loan consolidation scams, and just wasting money that could have been spent on their student loan debt. Remember, once you graduate you have to pay back the loans.