College is so, so expensive. And, personally, I think it's better to spend your limited funds out having fun with your friends than on a several-hundred-dollar Anthropologie bedspread... But that doesn't mean your dorm room can't have character.
I recommend concentrating your purchases on the big things that will add pops of color to your room: Your bedspread. An area rug. A huge poster.
(When my little sister graduated from high school, I bought her a funky hot pink, yellow and white comforter. She used it all five years at college.)
And then save money on the little things. Instead of buying new towels that will hide in your closet, snag a couple from home. Instead of buying brand-new dishware, pick some up at a thrift store. (Craigslist is also a great source!)
Also, share as much as you can with your roommate. There's no need for more than one of most things in your room.
And get creative! My sophomore year in college, I cut a bunch of colorful scrapbook paper into squares and "tiled" a wall in my room.
Anyone else have ideas for cutting costs??