Everyone needs money to survive, to grow, and to have fun. And Google turns up with more than 9 billion pages if you search for “I need money”!
In the burgeoning gig economy, we have hundreds of opportunities to earn quick money by running errands, walking dogs, selling artwork, and doing freelance work. You already know about them.
In this article, we will talk about simple actionable tips and frugal living ideas.
Frugal eating does not mean unhealthy eating
Most students in college think eating on a budget means shopping at Dollar Tree or Family Dollar, eating Ramen noodles or peanut butter and honey sandwiches, and drinking energy drinks.
This is not what ‘frugal eating’ means.
The cost of eating unhealthy food is way more than what’s printed on the packaging. If you really want to save money on food, drink only water and buy generic and cheap items. Good examples are potatoes, dried beans, and legumes, eggs, sauce, spaghetti etc.
You might also consider exploring your local Asian and Mexican markets as they offer pretty good deals on buying staples, rice, spices, meat or produce in bulk.
A few simple recipes can save you a lot of time and money and keep you healthy.
Try online teaching
One edge that online tutoring assignments have is that it allows you to save up on transportation costs. Moreover, you can choose to teach at any time of the day.
3 easy steps to earn as an online tutor are:
● Register yourself as a tutor on a reputed online tutoring website
● Make a good profile and fill-up as many details as you can
● Take up teaching and assignment help gigs that suit your qualifications, skills, and interest areas.
If you want to teach at odd hours, try teaching international students. It will help you widen your scope and give you better exposure to what curricula other countries are following for a particular subject.
Native English speakers can also make good money by teaching English online as a second language to foreign students since they’re always looking for online tutors for high school and competitive exams.
Sell your notes and old books
Once you complete your course or graduate from your school or college, you hardly have any use for your classroom notes or revision notes you prepared. You can sell them online to students who are about to join the course or the level.
Many websites also allow you to sell your old textbooks and guides and get a good amount of your money back. If you use your books gently, you are likely to fetch more while re-selling them.
Similarly, you can sell old clothes and junk from time-to-time to make some quick money and make your living area clutter-free.
TV/Phone/Social media addictions mean losing money
TV, phones, FB, WhatsApp, Instagram, and YouTube eat up a lot of our time. Most people come back from their college or workplace, switch on the TV, and end up wasting hours doing nothing.
The moment you decide to let go of them, you’ll feel calmer and more relaxed. You will also find a lot of extra time to exercise, meet with friends, take up online gigs at micro-services websites, and do other constructive work.
Hours wasted in watching TV or phone literally mean losing hundreds of dollars per week.
Save your $10 notes
Saving money needs discipline and it’s not an easy trait to acquire. However, you may end up saving a lot of money if you keep saving notes of a certain denomination.
Every time, you get a $10 note, stash it up in your ‘saving’ fund. The loss won’t hurt you immediately and you will be able to see your savings grow as your days pass by.
This only works when you deal in cash. If you make digital payments, you may try another variation of this tip. For example, each time you spend $100 or more, put $10 in a separate saving or investment account.
These days, almost everybody is doing a side job along with a full-time college degree course. These tips can help you alleviate your financial woes as a student and work your way to a happy and contented life.
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Author: Aditya Singhal
Aditya Singhal is the co-founder of CrunchGrade, an online tutoring platform for students. It is his passion and vision to incorporate technology with education to help students not just thrive but excel through e-learning mediums and tools. He had worked with Kurt Salmon Associates, a reputed American Management Consultancy. Reach out to him on Facebook, here!