With the fall semester rapidly approaching its close, there's one thing that's definitely on the mind of college students as they eagerly await the upcoming Winter break: Money.

For many of us, Winter break is the perfect time to put in for more hours at work, catch up with old friends, and spend some much needed time relaxing.

However, when it comes to packing our busy schedules with reunions with friends and family, especially when anticipating the costs of the upcoming semester, money is a necessity.

Now, for many of us, it can be difficult to save money over the several weeks we spend at home with little-to-no responsibility, mostly considering the social outing temptations that lurk at every corner.

Fortunately for us, there is a way to save money over Winter break while balancing a busy social life, and here are 10 ways to do so:

1. If you're going home, carpool with friends to avoid airfare costs.

2. Sell the textbooks you don't need anymore online.

3. Cancel your unused memberships.

4. Avoid using your credit card at all costs.

5. Take advantage of local events when planning a night out.

7. ...and when you do go out, use Groupon to find the best deals.

8. Bring your student ID with you everywhere you go since many places offer discounts.

9. Don't make impulse purchases when it comes to clothes, food, and school supplies.

10. Budget your money, especially when it comes to Christmas gifts.