A Guide to Making Your Student Finances Stretch Further

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With the cost of living on the increase, as well as the recent hike in tuition fees, the expense of going to university can be a real shock to the system. It’s not uncommon to get to the end of term and find that you have little or no extra money left for food, drink and socialising. Let’s look at some easy ways to make a little bit of extra cash to help supplement your student loan.

Student Finances Stretch Further

Have a Spring Clean

If you’re really strapped for cash, then why not have a clear-out? Many students have a few unused gadgets and gizmos such as old mobile phones and MP3 players lying around. Selling your old goods online for some extra cash, or taking them to a car boot sale can turn your trash into treasure.

When you go home, you may also find lots of old bits and pieces lying around in your childhood bedroom. If your parents haven’t re-claimed your old room, why not tidy up back home, too and turn your space into a grown-up sanctuary by selling on any toys, games, books and furniture that you no longer need?

Of course, not everyone has old goods they want to get rid of and some people simply don’t have the time. Fortunately, there are plenty of other ways to help earn some extra pennies during your studies. A part-time job, related to your degree or on campus, can be an easy way to earn some extra money. While some universities discourage students from working during term-time, there are plenty of jobs you can do part-time which won’t interrupt your studies.

Work in the SU Bar

Every good student union relies on a team of excellent bar staff. If you enjoying hanging out in your SU bar and can pull a decent pint, then why not see about turning your favourite past-time into a part-time employment opportunity? Hours are usually flexible, so you can plan your working hours around your essays and you may even bag a few discounted drinks at the end of the night!

 Tutoring

If you’re studying at university, the chances are that you’ll have reached quite a high level in your chosen subject. You can turn this knowledge into cash by offering tutoring to GCSE and A-level students in your university town. Good tutors can earn up to £30 an hour in some areas, but make sure that you’re familiar with the exam board requirements and only offer to teach your specialist subjects, to avoid getting out of your depth. If travelling is difficult and time-consuming, there are a number of tutoring platforms online too, so you could even teach from your digs using video-conferencing technology.

These are just some of the resourceful things that you can do to earn a bit of extra money during your studies. From being an on-campus brand ambassador to starting your own business, there are plenty more money-making opportunities to be found if you keep your eyes open. Remember to manage the cash you do have carefully and to ensure that you don’t waste money on unnecessary luxuries, to help make your student loan go further.