I am going to be commuting to UC Davis, a very bike-friendly campus. I want the best lock set up possible, because I am going to be riding a 250$ bike(Diamondback Edgewood).

Would one cable + U Lock to lock the frame and both wheels suffice? Or two U-Locks? People would be able to cut the cable and steal the wheel, but I heard that doesnt happen often.

And what other tips do you have?