I spent my first day exploring and trying some of the quests. I did Willy's fishing quest and the race. I used the shady guy to cheat and I'm not sure what effect it had, but I won. I also got a new outfit from Sandy (I actually love it!)
Then I got some food at the chef's booth and went into the Skull Caverns completely unprepared, no bombs, food or stairs and I only got to level 15.
I collected around 120 eggs that day and am planning to be better prepared tomorrow.
I was thinking about buying magic rock candy, possibly two if I have enough eggs. Any recommendations?