ditch the I-phones/droids and the bloated cell plan, that is the biggest waste of money these days. get the cheapest phone and a basic plan.
my quad is 9 years newer than my car and truck, I got my insurance from costco and saved about $50 a month, I contribute 15% to my 401K and have about $500 in credit card debt just to maintain the card and keep my credit score up
I paid off $45,000 in credit card debt in 3 years after my divorce. never again. I have managed to keep my house and get my credit score back up to 700. So it can be done. while in school you gotta live on the cheap and ride out this economy