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Published On: Mon, Jan 23rd, 2017

4 Ways to Make Money in College

Life in college can be fun and exciting, but it also comes with a lot of expenses. You will be in constant need for money for the weekend games, occasional outings with your friends, money for textbooks, and accommodation amongst other things. Without enough money, life in college will surely be very boring.  

Of course, there are students from wealthy backgrounds and others who have trust funds, hence will never have to worry about money when in college. But there are also others who are not privileged to come from financially well-off families and they have to put in an extra effort in order to have extra coins to make ends meet. For such students, it becomes vital to find means to make money while they are still studying so that they can enjoy a relatively comfort life.

The good news is that there are numbers of ways to make money while in college. The following are some of the four ways being used by students across the globe to earn money while still in school:

Part time jobs

Part time jobs are probably one of the oldest tricks used by students to earn money while in college. In some occasions, people may not be sure whether they should focus on working or learning, and unfortunately, there is no specific answer to this concern. It is, however, agreeable that some experience is better than none, but the degree should never be ignored.

photo/ homedepot.com

It is not always an easy task to find the perfect balance between work and college, but if you find a chance to work in a field that is interesting to you or the field you intend to major in, then you should always take it. This is because, with the knowledge and the experience you will gain in the part-time job, it will be easier for you to get jobs in future in your respective field.

Other than the knowledge and the experience, part time jobs will ensure you have an additional source of income to meet your college expenses, besides instilling in you the discipline and the healthy working habits which will come handy once you are out of college.

Online trading

Online trading is now open to anyone since the financial markets are all online. You can decide to trade binary options, forex or CFD’s during your free time in college. For this type of investment, though, you will have to do some learning on how the actual trading is done and also have some extra cash for initial investment. The good news is that the entry requirements for online trading are not very prohibitive and with a capital of as little as $200, you can start trading. Additionally, online trading is so versatile that you can still do it irrespective of your school schedules. If you were a business or an economist student, this would be a very strong option of making money when in college.

Selling items you don’t need

This may not be as sustainable as trading online or working a part-time job, but it is a worthy consideration if you need to make money while in college. Take a look around your house and find all the items you no longer need. These could be items such as clothes, books, furniture or electronics. You can then sell the items through online auction sites like eBay or you can target a yard sale happening close to you. But while you think about selling the stuff you no longer need, you should also think about not buying the stuff you don’t need. This calls for control over your impulse buying habits so that you don’t accumulate the stuff you have no real use for.

Start your own business

Starting your own business while in college might sound scary, but you need to have in mind that you will have a plethora of ideas when in college and some of those ideas can be mooted into great businesses. The best approach to start your own business and make money while still in college is to explore your talents, hobbies, passions, etc and find a means of getting people to pay you for them.  Success may not be instant, but if you stick to it, the rewards may be very fulfilling and may transcend past your college days.

Author: Kelly DeCamp

photo/ Gerd Altmann via pixabay

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