Attention, students: want to save $60 every month? It’s easy, just cut out your daily latte purchase on your way to school.

While it doesn’t seem like much, $60–the cost of a daily $2 coffee habit–can make or break a college student’s budget.

Students often find themselves strapped for cash as many don’t work or work part-time at minimum-wage jobs. And as college tuition continues to rise during a time where many families are struggling to make ends meet and jobs are hard to find, college students are often left with empty wallets.

The class of 2011 graduated with the highest amount of student loan debt than any other class; total student loan debt is expected to reach $1 trillion for the first time this year.

Read this article to find out more and see the five purchases experts have identified as money-drainers that college students may be able to avoid (2 hints: nix credit cards & fancy cars).