Being a student can be cost consuming and you may find out that your running low on funds. So here are a few ways that you could help you earn some cash while you’re studying.
1. Get a part-time job
A part time job is a great way to earn some money as it students. Now this is quite an obvious solution but it is also a very good one as it allows you to earn some money at work while also having time to study and have some free time to yourself to relax. So if this is the option for you, go and hand out your CV and get some face-time with decision-makers, or scour sites like e4s.co.uk for part-time jobs in your university town or city.
Remember that, as a student, you will have to pay Income Tax if you earn more than your Personal Allowance of £204 a week or £883 a month, and National Insurance if you earn more than £155 a week (figures given are for the 2015/16 tax year). Find out more from the Gov.uk website.
2. Become a freelancer
The growth in outsourcing and social media mean there’s never been a better time to freelance, with an estimated 1.4 million freelancers working across all sectors in the UK. Popular areas for freelance work include copy writing, editing, design, programming, web development, SEO (search engine optimisation) and data entry.
If you work for yourself, you will need to fill in a Self Assessment tax return each tax year, with details of your income and expenses. HM Revenue and Customs (HMRC) will then work out how much tax, if any, you need to pay.
3. Enter competitions
There are so many competitions out there which allow you to win yourself a bit of cash or maybe even food supply for a month which will help you save money for that period. Entering a competition is usually easy and you have nothing to lose in the process. You may even find that you win a trip to somewhere exotic!
4. Become a tutor
If you are good at something you might as well make some cash of that knowledge or skill. SO, why not become a tutor. Tutors can earn around £25-£35 an hour. Just make yourself a few flyers and posters and stick them up around local shops and around university and see if anyone would like to use your tutoring skills. You can even use some tutoring platforms like FirstTutors.com. On top of the money, it can be pretty rewarding to know that your helping out someone other than yourself.
5. Review music for money
You can use sites like Slicethepie.com or MusicXray.com to sit back with a drink and listen to music while you earn cash. All you have to do is write up a little review afterwards about their music. So, if you enjoy listening to music and don’t mind writing some short reviews, then this can be a nice little earner (netting you up to £40 a month).
6. Become an extra
For the quite appetising fee of around £60–£80, you can use sites like beonscreen.com to become one of those random people lurking in the background of a scene. Not a bad amount of money seeing that you don’t really have to do anything, although a job may involve quite a lot of time hanging around the set waiting for your scene.
7. Make money on YouTube
Now you may not know this but you can make money on YouTube. Amazing, I know! Now it is a little bit of a mystery as to how much you can actually make, but numbers are being thrown around that for 1,000 views is between £1 and £5, meaning that if you get 50,000 views a month you could be generating around £100. Check out Student Money Saver’s guide to making money on YouTube for more info.
8. Start a blog
If you have a passion, start blogging it! Once you’ve set up your blog and attract visitors, you can begin growing your followers through social media and build up relationships with fellow bloggers and related websites and companies. As the site’s following grows, you can monetise your traffic using advertising and affiliate networks like Google’s AdSense, Affiliate Window and the Amazon.co.uk Associates Programme. You never know, if your blog really takes off it could end up being a full-time job once your graduate!
9. Become a mystery shopper
Mystery shopping is effectively shopping for feedback – you get the money back for what you’ve spent on an item, and can get paid for the job itself. While this can be quite a fun way to make money, some serious work is required, as your reports have to be thorough. The prices for a job can range from a few quid up to £100 or more. Check out sites like Marketforce.com and Mysterydining.net for more information.
10. Sell stuff on eBay
Finally we have the method which flirts the line between serious money maker and an to aid to declutter. Some people have earned thousands through eBay, whereas others have used it as a handy way to get rid of some stuff and get some quick cash. These eBay selling tricks from MoneySavingExpert.com will help you with whichever path you’re aiming for.