Whether because of falling stock values affecting institutional endowments, cutbacks in state spending, or declines in private giving, higher education has reduced spending, and information technology (IT) organizations have participated in the budget cuts. This is the tale of one institution's quest to cut technology costs while maintaining a high level of service. Furman University in Greenville, South Carolina, is a private, liberal arts institution with 2,650 students and an NCAA division I athletics program. By mid-April of 2009, Furman's endowment value had dropped 29 percent since June 30, 2008, and annual giving to the university had slowed. Working with the campus community, and the university's campus IT governance system, Computing and Information Services (CIS), which includes the campus network; multimedia services; administrative systems; telecommunications; and other typical technology services identified in the EDUCAUSE Core Data Service survey, came up with a number of solutions that should save the university nearly $450,000 over the next two years and, at the same time, reposition technology funding to better address strategic goals once the financial climate improves. No wages, salaries, or benefits were cut in the process. Furman was even able to reposition some funds to ensure that the most important strategic initiatives received continued funding even within the new climate of IT rationing. Few of the technology cost-cutting ideas suggested in this article are new, and many have been discussed on such online forums as the EDUCAUSE CIO constituent group. While one size does not fit all, these ideas and processes are helpful in determining which initiatives to cut while still supporting the institution's academic mission. In this article, the author has organized Furman's cost-cutting tips into 10 categories. He has also included short tables at the end of each proposal summarizing the savings and a large table at the end of this article showing the complete savings Furman expects to obtain by following this plan. (Contains 4 endnotes.)