There’s no denying that being a student is a pricey prospect in this day and age, especially for those studying in the UK. You don’t need us to tell you about the ever-rising cost of tuition, bills and basic living expenses, as well as the increasing levels of debt that most undergraduates rack up before they even begin on their career journey.
It can be hard to stay motivated in your studies when you’re worried about paying the bills or being saddled with student debt, hence it’s important to manage your income and outgoing, taking a responsible approach to ensure you get the full university experience.
There are a number of ways in which the enterprising undergraduate can make extra money in their free time, whether it’s through a part time job or a side-hustle.
If the prospect of earning some extra money at university and paying off your student debt sooner appeals to you, read on…
Start looking for part-time work, now!
Students are a great source of casual labour for a wide range of businesses such as bars, clubs, restaurants, cafes, retail shops and the like. Some job opportunities Bristol students often take up include:
- Bar work – getting a job at a bar where other students drink and socialise can be a great way to make friends; just make sure you don’t get distracted from work.
- Deliveroo – and other similar food courier services, get fit whilst you earn.
- Local letting agencies – are often looking for part time employees, working at a student letting agency gives you the opportunity to meet and help other students.
- Restaurant work – as well as your wage, working at a restaurant can boost your skills and confidence, you’ll also get a split of the tips at most establishments.
Be an early bird to ensure you get your pick of the part-time work. Many high street shops are already looking for Christmas temps to assist them during the busy festive season. Showing an interest now can help you stand out among the legions of applicants and hopefully get you earning money a little earlier.
Make money using apps
There are a huge range of mobile apps that can help you make little sums of money that can soon add up to a great deal. The beauty of making money with these apps is that it takes you very little time
Some of the best money-making apps in the UK include;
- Jobspotter: Pays you for taking photos of jobs advertised in shop windows to be uploaded to job sites like Indeed.
- Roamler: Allows you to get paid for being a mystery shopper.
- Toluna: An easy to use app that pays you for taking surveys.
- Curious Cat: Another survey site that pays you through Paypal.
- Swagbucks: There’s money (or at least gift vouchers) to be made with Swagbucks doing a range of small, easy tasks.
If you’re looking for other apps worthy of your phone’s precious memory space, why not check out our guide to the best free apps for students.
Take your skills to the freelance market
If you like the idea of using your skills to make money in your free time, but would prefer the freedom of freelancing over a part-time job, there’s no reason why you can’t take your skills to the freelance market. There are always opportunities for young and upcoming freelancers to show their skills and talents online and get paid good money doing the things that they love and are best at.
There are a huge range of websites such as PeoplePerHour.com which allow freelancers to set up a profile, demonstrate their skills using an online portfolio or CV and start hustling for work.
Whether your skills lie in writing, graphic design, app development, web design or any other discipline worth paying for, you can start building experience, honing your craft and building relationships with clients that could see you hit the ground running in the freelance world when you graduate.
Tutor your peers
Do you often see your peers struggle with facts and formulae that seem easy to you? Do you wince at the frustration your friends seem to demonstrate at academic problems which you can overcome with ease? You could make good money while providing a vital service to your peers by acting as a private tutor.
If the idea of tutoring your peers is a little too close to home, there are plenty of ways in which you can lend your knowledge and expertise to others in the digital realm. Set yourself up on a site like UK Tutors, SchoolsTrader or SuperProf. You’d be amazed at how many people out there could benefit from your help with their studies.
If you have a great idea for a course to help peers learn, set it up on Udemy and you’ll keep getting paid for it every time someone takes your course.
Find a decent savings account… And remember to actually pay into it
Finally, the key to taking control of your finances lies both in managing your budget and growing your money through savings. The trouble is that most savings accounts on the high street offer pitifully low rates of interest.
Search online for a fixed rate savings account. Because online banks have fewer overheads they’re well positioned to offer you better rates. Of course, for a savings account to be worth having you need to actually pay into it! Make sure that you pay something in every month, in the good times and the bad. You’ll be surprised at how quickly it adds up.
These are just 5 of the many ways in which you can take control of your finances and ease the financial pressure on you without compromising your studies.
Stress Free Student Accommodation Bristol
With the many financial considerations that you have to make at uni, don’t let your student accommodation be a source of frustration.
At Bristol Digs, we have a range of accommodation options designed to suit your needs and budgets. For more information, give one of our friendly team a call today on 0117 930 8750, of find out more about our services for students here.