How can I convert Wav files to take up less memory

Miscellaneous Forums/General Discussion/How can I convert Wav files to take up less memory

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2 problems with MP3.

1) You have to pay for it. More reading.
2) The WindowsXP MP3 codec is capped at 56kB/s, so isn't going to sound all that great. You'd be better off using an encoder like LAME, but then there's still the whole licensing thing.