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Ringtones — They are the darlings of the music industry and the bane of anyone subject to hearing a bad one. If you’re sick of your plain old telephone ringer but don’t want to download a canned tone, you don’t need to spend extra money to turn your favorite song into a ringtone for your iPhone. There’s a way to create ringtones in iTunes from your existing music.

Once you’ve done it, you’ll be making ringtones faster than you can download them. It is not, however, the most obvious process. Here’s a how-to guide to help you out for both Mac and Windows users.

Simply follow the steps outlined here to create your own tones right from your computer. Let us know how you got on — and what songs you ringtoned — in the comments below.

Mashable has the details HERE!