Among the many challenges and pressures facing students today, the problem of finding the time and opportunity to make an income is one of the most prominent. For many students, their time at university will mark the first time that they have been away from home for a prolonged period. It will therefore usually be their first real taste of financial responsibility.
While managing money as a student is often challenging, it is also one of the more important life lessons that students will learn. Here are some key ways in which you can increase your personal income while studying as a student.
An increasingly popular way of making money, that doesn’t require any prior qualifications or experience, is to fill out online surveys. The amount that you make for doing this, and the rewards that you receive for doing so, will vary depending on which service you use. With the right service, you can receive a reasonable amount of money for completing even a basic survey.
In some cases, the pay-out for filling in surveys is given in the form of vouchers and gift cards. These could still be useful to you. Even if you aren’t being paid directly, having an Amazon voucher, for example, means you could save on your next grocery shop by ordering some of your essentials from Amazon.
Investing and Trading
The image of the typical stocks and shares investors has changed considerably in recent years. Advances in technology means that the tools and the information you need in order to begin an investment portfolio are accessible to anyone.
Of course, if you know nothing else about trading, you should at least know that there are no guarantees. Safer investments generally produce a smaller return, reflecting the lower risk involved. However, it is perfectly possible to generate a decent supplementary income from only a relatively small portfolio. You should make sure to research thoroughly beforehand, so you know what you’re getting into.
Start an Online Business
There are more opportunities than ever before for the more entrepreneurial amongst us to make money on their own initiative. Whatever the specific type of business you are thinking of starting, you will find that the range of tools and software available is extensive. Not only is the range of software available today impressive, it doesn’t cost nearly as much as a lot of specialist software does.
If you like the idea of starting an online business, but you don’t know what kind of business to start, take some time to think about what unique skills and talents you possess. As a student, if you can start your own business that is relevant to your degree, this will be a very valuable addition to your CV. Potential employers will take this as compelling evidence of your commitment to your chosen profession.
Find Work Opportunities
If you want to increase your income, there is no more reliable way of doing so than securing some stable employment. For most students, full time work is unrealistic. The time constraints and pressures of studying and revising mean that there is precious little time for anything else. Most British Universities are situated within large cities and urban environments, meaning there are generally more employment opportunities available. For example, there are more part time job options in London than there are in more rural areas.
Managing money, regardless of age or circumstances, is more a case of planning and carefully considering your actions than anything else. No doubt your studies will require the majority of your time and attention, but it is still possible to earn yourself some decent money on the side.