Recent college graduates can be particularly vulnerable to financial mistakes that will come back to haunt them in the long term.

This week, the Denver Post offered a series of tips on how graduates and others can avoid some common financial mistakes. "By adhering to a strategy and plan, recent college graduates can avoid mistakes in how they deal with their personal finances," says the article.

The first tip is something that could apply to all Americans - "Plan to save." Before the recession, Americans had been saving less money than ever - and this can particularly apply to recent graduates experiencing newfound freedom and their first real job.

The temptation to indulge in meals and evenings out is another cash-draining situation. "Money spent is money lost," observes the newspaper.

Young adults are also warned to keep their debts under control rather than being controlled by them - particularly debts that involve high or unreasonable interest rates. They are also urged to build up a good credit rating to help when it comes time to buy a car or house. Finally, the article advises readers, even young adults, to get life insurance to ensure long-term stability for their family members.

For those having difficulty meeting regular monthly payments or other financial needs, there are various other options as well, such as short-term loans.

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