All that being said, life must go on, right?

So, how do we tighten the belt without living like a hermit? Here are some tips:

Budget: Set your spending limits on a weekly basis. And stick. to. it. Review your receipts at night to make sure you are staying on track, and be honest about what you are spending. This will keep your bank account in the green.

Save on Gas: Carpool with your friends or co-workers. If you need to do some errands, combine them all into one day, and make a route that will hit each stop, in one circle…versus going back and forth in all different directions.

If you live in a city, eliminate your cab usage. I know it is so much easier to hail a cab on those late, drunken evenings, but if you take some public transportation you’ll spend $2.00 versus $15. Or, trying hoofing it; you will burn those drinks away and have some extra wiggle room for a late night snack.

Make your own coffee: Think about it – while we all love those Starbucks Vanilla Lattes, at $4 a pop, that’s $20 a week (for your Mon – Fri coffee kick), $80 a month, and roughly $1,000 a year. I know it may not seem like a lot, but it adds up. Bonus: when you make it yourself, you know you will get it exactly how you want it.

Bring your lunch: Go grocery shopping (which will save you money on a day to day basis) and stock up on lunchmeats, salad fixins’ and yummy snacks. You never realize how quickly those $7 lunches add up and how easy it is to save by brown baggin’ it.

Stop shopping: I am at fault for this myself, especially at the start of a new season and new trends, but instead of spending money on things you can’t really afford, reinvent your old clothes by changing up the accessories or gettin’ a little Project Runway on your wardrobe. Or, try swapping with some of your friends. If you really can’t hold back – shop thrift. The clothes are cheap, cute and vintage; all majorly hot trends this season.

Stop the giving: I’m not saying to stop being a good person, but for the upcoming holidays, decide to do something nice with friends and family, instead of spending money on clothes, electronics and other wants. After all, gifting isn’t what the holidays are really about; spending QT with people is.

Make a Spending Limit: Even though I’m telling you to budget, I’m not telling you to give up all of life’s luxuries: i.e., nights out with your friends. However, what I will say is to leave your credit cards at home (yes ladies, no more drunken “drinks on me!” $50 charges the next morning). Protect yourself and your moolah by bringing a cash limit (be it $20, $40, or whatever you can spend) and bring ONLY that. If you run out of money, simply find someone else to but you some drinks.

Save: Even if it’s $10 a paycheck, open a basic savings plan and throw in extra cash (even spare change) whenever you can. Save it for a rainy day or whatever else you need…like Christmas shopping…

(Photo courtesy of squidoo.com)

Have you heard? The economy is in a downward spiral! People are losing their homes, their jobs, and all of the money they’ve been saving forever! And here we are, a bunch of wide-eyed, “the world is our oyster” college kids who can’t wait to get out into the real world!

Oh yeah, and we are poor.

Between those student loans we are gonna have to pay back and the fact that we may not be able to get a job upon graduating, we gotta start eating canned goods saving now. So, how are our writers handling this economic situation (A.K.A. sh*tstorm)? Here are their tips for saving money and stretching a dollar.

Elisabeth – UA Hunstville: I have dehydrated food!! My fiance got some MREs (Meal Ready to Eat for all you non military peeps out there) from a Marine friend of his. Now when the economy completely crashes we can live off of Pork Rib, instead of just Twinkies!

Sara – NYU: I’ve been thinking about which of my friends I’ll eat if push comes to shove.

Lauren – University of Michigan: I’m doing everything at home: manicure, pedicure, eyebrows… even my bikini line. God, I hope the economy turns soon; no one should have to inflict that kind of pain on themselves.

Megan – Brown University: I’m rocking the shaggy sheepdog hairstyle to avoid paying an absurd amount of money for a haircut.

Lyndsey – University of Michigan: Procuring an extremely generous Irish bartender loverboy. I know it’s working wonders for my unemployed ass.

Kathryn S.: I’m loading up on jobs that each have their own perk. My full-time job provides free coffee, so I drink about four cups a day because I can. Now I just need another job that will pay me AND give me free alcohol.

Erica – Kent State: Befriending or re-friending people I know who still live on campus with meal plans = FREE LUNCHES!

Suzanne – Tulane: 2 words – Dollar Menu

Marissa – High School Senior: Giving my parents those cute doe-eyes so they’ll buy me things. Works like a charm if you know how to work it!

K-NYU: Pregaming and sticking to a no-bars-with-cover policy. Also, going through my friends’ wardrobes saves tons on shopping…

Amber – Old Dominion: Before I buy that cute top at Forever 21 I ask myself, “Do I really need this, or do I already have 3 of these at home?” It only works 10% of the time, but I’m making progress.

Conan – Columbia College: Eat Oatmeal Every Day

Carly – Grinnell: I reuse Ziploc bags — I know that is pathetic, but they last forever that way.

Kelly – UMass: I have stopped buying packs of cigarettes and instead have resorted to becoming that annoying person who bums them off you – at 7 bucks a pack, I will go broke!

J-NYU: Give up smoking weed — you’ll save on grocery bills.

Kari – FSU: I took all of my money out of my personal savings account and put it into a MUCH higher interest credit union that my parents opened for me when I was little. And I changed the account access so that only my mom can get to it…because “emergency” for me qualifies a new pair of boots. Additionally, I sneak a flask into my purse for the bar and order water or tonic with lime (FREE!) and spike my fun juice surreptitiously.