Financial literacy for college students/young adults

Today’s college students are bombarded with ads, commercials and mailings telling us that we need to spend money to be happy. At the same time, many of us come to college very ill-equipped to handle our finances. Financial literacy, defined as “the ability to use knowledge and skills to manage one’s financial resources effectively for lifetime financial security,” is important in our money matters as well as academic performance.
Based on your understanding of financial literacy and experience (or lack thereof) of personal finance,
1) pick two personal finance topics (including but not limited to: credit cards, student loans, budgeting, saving, banking, and investment, etc.);
2) explain the role they play in your financial and general well-being;
3) explain why they are important for you to have a successful college experience and beyond.

(300 – 500 words)