Graduating from school is an exciting time, but lately, many graduates have struggled with their finances. To make ends meet as you enter a new phase of your life, you'll need to be smart with your money.

In the following video, Fool contributor Dan Caplinger gives several suggestions on what grads should do to improve their finances. From getting debt paid down to saving for long-term financial goals like a home or retirement, Dan notes the key advantage that most grads have on their side is time, and making the most of it can make a huge difference in your overall results.

Fool contributor Dan Caplinger and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.