Managing Student Money

Studying is not easy, and it's even harder when you don't have enough money to stay afloat. But as most people say, if you want to finish your degree, you might have to do some extra work. This is necessary not only to finance your needs, but also to fulfill your wants as a student. 

Mind you, there are many ways you can manage financially and survive your school years. One way is to live below your means, but if you can't or don't want to go down that route, then you can do the following:

1. Start A Small Business

Although studying while doing business is quite complicated, starting small can help you earn some extra cash. Especially if you do it during vacations or breaks, a business will teach you a lot of financial wisdom. 

For instance, you can start a buy-and-sell business. If you've got excess things you're not using, selling them allows you to turn them into cash. You can even sell your old textbooks, which you aren't using. Even if they're sold lower than their original price, it can amount to significant earnings. 

But if you're serious about starting a business, you can do so even if you don't have much money. For instance, if you're skilled at cooking or baking but you lack start-up capital, don't worry. Student Loans from CashnGo can help you with your start-up costs.

As long as you properly manage and make your capital grow, you can soon pay off your debt while having extra money to finance your needs.

2. Apply For Scholarships

Aside from earning extra income while studying, it's also good to take advantage of scholarships that your school or organization offers. If you excel academically, then you know you've got high chances of getting student discounts for being on the dean's list and the like.

However, if you're worried that you won't qualify, then don't fret. Ask about your school's scholarships or search on the web to look for available scholarships. To begin with, browse through the following and consider carefully where you could qualify and apply:

  • Minority Scholarship - Generally, minority students belong to an ethnicity or race that isn't Caucasian. If you fall in this category, you can apply for such financial aid. 
  • Athletic Scholarship - If you're good at sports, you may want to look up your school's sports category. Although you may need to maintain good grades to continue a scholar-athlete status, you don't necessarily have to be on top.
  • Career Scholarship - In case your degree is in the engineering or science category, your college may have allocated cash that can help you get through college. This type of scholarship is meant to meet the high demand for professionals in disciplines that the state or country needs. 

3. Write Academic Papers

Now here's another way to earn some extra cash with your free time. Consider writing academic papers, particularly when you're on vacation or break. You can find many sites that offer this type of job to students. 

Even if it's your semester break, you can still find sites that cater to different students around the globe. But even if it's not, you can still write academic papers as you can work on a flexible schedule. 

As long as you complete the task within the set deadline, you're good to go. You can even choose the courses or subject areas of your preference. The average pay can range from USD 10 up to a hundred dollars, depending on the complexity of the paper requirement. So consider this as your starting online part-time job

4. Teach Other Students

If you want to enhance your teaching or communication skills, then you can take up jobs tutoring other students. This can be a good way to make some money, especially for subjects where you excel. 

You can either post on your school bulletins, or apply on sites offering tutorials to students. You can even opt to teach the English language to non-native speakers online. Such students are mostly from Asia, and their age groups can vary from kids to professionals. 

These part-time jobs can even earn you friends. Thus, you won't feel bored as you get to meet different kinds of people. As a bonus, you might also learn about their culture.

6. Start A Vlog 

Aside from providing services to other people, you might also want to start a vlog as it's one of the trends nowadays. Although it may take time to earn from your vlogs, you can make 5 to 6 digits if your videos become a hit. That's why it's vital to choose and focus on a specific niche. You can try the fashion industry, student hacks to survive college, or any niche that is most likely to help other people. 

If your vlogs focus on a particular niche, it'll be easier for you to accumulate followers or subscribers. The more views you garner, the more likely it’ll be that you get compensation through it.


As you can see, there are lots of ways to stay afloat using your own money while studying. Start with a buy-and-sell business if you've got things or skills to offer. Alongside that, applying for a scholarship can lessen your financial burden; thus, you can focus on earning extra money for your other needs. As a student, you can write academic papers or teach subjects to other people that you're good at. 

If you want to become a social media influencer, then now's the time to start a vlog. That way, you may end up earning a substantial amount every month. And that'll be a lot to cover your educational needs. 

Evelyn Nelson is a full-time blogger who writes articles that can help readers earn money during their spare time. Most of Evelyn’s articles are directed to young adults, particularly college students, who want to make the most out of their leisure time.

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