1. Find out what fees and charges apply to accounts.

2. Don't be impressed by financial jargon. Ask for a clear explanation if you don't understand a particular term.

3. Shop around from time to time to check if other accounts offer better returns or cheaper facilities.

4. Don't be rushed into making a hasty decision.

5. Shop around for the cheapest loan. Compare the annual percentage rate (APR) to find the best deal.

6. Don't use credit cards as a source of borrowing. Try to pay off credit cards in full each month to avoid interest payments.

7. Don't take on more debt than you can afford. The repayments should not overstretch your budget.

8. Review your debts from time to time. It may be possible to replace loans with cheaper ones or use spare cash to pay off some loans.

9. Don't use your credit card to withdraw cash from an ATM or bank if you can avoid it. There is usually a transaction charge and a higher rate of interest.

10. Don't exceed an overdraft limit. The penalties may be costly.

Source: Irish Financial Services Regulatory Authority "Money Tips for Students"