Money Making Tips for Students

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Photo credit: @sharonmcutcheon on Unsplash

Being a student is hard. There is no end to the things that you have to worry about. Temperamental  professors, boring classes, tough exams, unforgiving social hierarchies; the list is endless. But perhaps one thing that most students will have on their minds most of the time is money. This isn’t unique to students alone. Indeed we are all looking to make money. Money moves the world. But for a student money is particularly important. There is so much to buy, so limited funds. This is exacerbated by the fact that you mostly have to rely on your guardian for a stipend, otherwise you won’t make ends meet. So while your benefactor may cover your food, shelter and clothing, you definitely need money for your own miscellaneous use the older you get. A full time job may be out of the question, but that doesn’t mean you need to rely entirely on your parents. Below are a few suggestions on how to make an extra buck for your own needs.

1)     Tutoring others.

This is a no-brainer and is obviously your first and most accessible avenue to make an extra dollar. If you are a true prodigy even amongst your peers, your struggling classmates may be a source of revenue. This isn’t to mean that you should charge for every question that people come for help with. Rather, if there is someone who has seriously fallen behind, you can tutor them over a weekend in exchange for appropriate remuneration. Time is money after all, and you could have spent that weekend on something more beneficial to you. Even if you do not stand out among your peers, you can instead help out your juniors in the lower grades. If you are in your fourth year of Uni then that means first year work was no match for you. Monetize your knowledge. After all, isn’t that what your institution is doing?

2)     Teach a skill that you know.

This is not exactly like the first suggestion. While anyone who has gone to school can tutor to varying degrees of success, not everyone has a skill that they can teach. If you are a hobbyist painter, musician, programmer, swimmer, etc, these are skills you can teach for an extra buck. This is one of the easiest and most fun ways to make money after all; being paid to do something you love.

3)     Ride share.

Do you have a driving license? Do you have access to a car? Then services like Uber or Bolt can be a life saver to make that extra dollar. You have the liberty of deciding how many days a week to work depending on your schedule, and because the transport industry has peak and off-peak hours you can easily make the most of your time.

4)     Designated driver.

I doubt there is a country in the world without limits on how much you can drink before you are banned from driving. Road carnage due to drunk driving are a real menace the world over. You can register to be a designated driver where you live. You make money on the one hand, but more importantly, you save lives

5)     Take online surveys.

Things couldn’t get easier than this. This is literally money falling from the sky. Dozens of companies enlist services of firms like Survey Junkie to collect consumer feedback about their products on their behalf. These firms in turn make surveys which you can participate in at your leisure. For an investment of about an hour, you can make about 5$. If you have access to internet, this is an avenue worth looking into.

6)     Sell your junk.

Yes, you read right. Ever heard the saying one man’s trash is another man’s treasure? Before incinerating, discarding or taking your trash for recycling, research on whether there is someone willing to pay you for it, No one will probably pay you for your rotting banana peels, but those worn out jeans or plastic bottles might just surprise you.

7)     Photography.

Obviously not everyone has a DSLR camera, but if you are into photography as a hobby and happen to have one, then you can use it to your advantage. By investing a little time every week to learn the ways of the trade, you can get some level of fiscal independence. You might not get a wedding gig, but you might land a baby shower, or even kids birthdays events. Half a loaf of bread is better than none, right?

8)     Offer cleaning services.

People are lazy. Lazier than you could imagine. Just imagine how much effort and willpower it took you the last time you had to clean the house, or do the laundry. The good news is, this is common to everyone. And the lazier the people around you are, the better for you. Add to that, the capital you need to start such a business is quite low. Nothing like the couple hundred dollars for a DSLR camera. A few buckets and mops, several fliers, competitive rates, and you are ready to go.

9)     Virtual assistant.

There are companies and individuals who need to have a foot in the digital world, but have no need or finances to hire a full time employees. You can answer emails, manage social media accounts, etc for such people for a few hundred dollars a month. The people who need these services don’t usually have a lot of work to do. You can take up several of them at a go and make even more money.

10)  YouTube tutorials

Are you really good at something that’s usually hard to learn? Do you have a way of making it easier to learn and understand? You can make money off sites like YouTube and Udemy. Create tutorials online and reach millions of people instead of a handful. IF you put in the work, the rewards can be amazing.

11)  Be a bouncer.

This will require two things. The first is that you are of legal age. The second is that you have better than average self-defense capabilities. If you are in Uni and frequent the gym, or you are a lover of martial arts, then this is for you.

Of course there are even more ways to make money that we haven’t covered; there are simply too many. Among the listed, is there any that interests you? Let us know.


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