Making ends meet as a student can be a tricky task and with relatively little experience when it comes to handling money, it can be easy to slip into financial worries. According to a poll, 70% of students are becoming more worried about their money due to the cost of living crisis. Plus, even the UK government now admits that the maximum student loan might not be enough to live on for some university students.
These financial strains now mean students are looking for new ways to make money to pay their rent and utility bills while continuing to have an epic time at university. So, if you’re a student who wants to make a little extra money, we’ve got tips for you. Read on to learn about the best ways to make a little extra money alongside your student loan.
Get a retail or hospitality job
Jobs in retail shops, pubs or restaurants are some of the easiest to get and they like to hire students because they have more flexible schedules to work around. Plus, there tend to be plenty of these jobs available, especially around busy parts of the year like Christmas
Work for the university
You’ve likely spent plenty of time around the university, so should know it pretty well. This makes working for the university a great way to make money and they often need help for open days and support during graduation ceremonies.
Tutor other students
If you’re an expert in your field, then don’t let your talents go to waste. Teach younger students how to get the best grades and earn money, while feeling the satisfaction of knowing you’ve helped someone else.
Babysitting is one of the easiest jobs if you know how to deal with kids. Plus, once you’ve put the kids to bed, you may have some extra time to do some reading for your studies or complete assignments while you wait for the parents to return home.
Walk and housesit dogs
Dog lovers can earn money by simply hanging out with them. Often, owners need someone to walk their dogs or look after them when they’re at work or away on holiday. It’s easy to find people who need help too thanks to handy websites like Rover, which connects you to owners in need of help in your local area.
You’ll have total autonomy of when you work too, so you can reduce the amount of time you dog sit during exam season if you need some extra time to revise.
All of these methods will help you earn cash to pay your bills on time, which is a great way to improve your credit score. This can help you once you’re done with university to borrow large sums for houses or cars if you need it.
Also read: 5 Tips to Streamline School Operations