Earning money as a student has become increasingly important in today’s economy. As the cost of education (and pretty much everything else) continues to rise, it’s no surprise that more and more students seek out ways to make money while studying. Whether it’s to help pay for tuition, cover living expenses, support loved ones, or simply gain work experience, the need for additional income has become a pressing issue for students of all ages.
The high cost of tuition, textbooks, and other academic expenses can quickly add up, leaving many students struggling to make ends meet. In addition to this financial burden, the pressure to gain work experience and build a professional network early on in one’s career has made the need for additional income even more pressing.
It’s in order to find good ways to make money. But we would admit that finding the time and resources to earn money while juggling coursework and extracurricular activities can be a daunting task. The purpose of this article is to provide students with practical advice and resources on how to make money as a student while balancing their academic and personal lives.
We will explore 55 options for elementary school, high school, college, and graduate students, taking into account their unique needs and circumstances. From part-time jobs to freelance work, entrepreneurial ventures to online opportunities, there are many ways for students to earn money while pursuing their education. By following these tips and guidelines, students can successfully balance their academic and financial goals and set themselves up for a successful and fulfilling future!
Benefits of Making Money as a Student
1. Financial independence and security: Making money as a student provides one with a good sense of financial independence and security. It allows students to cover their own expenses, without having to rely on their care givers or student loans. This leads to greater confidence and a sense of control over one’s own finances. Additionally, having extra money can provide a safety net in case of unexpected expenses or emergencies.
2. Gaining valuable skills and experiences: Earning money as a student can provide valuable work experience and skills that can be used later in life. This is something I wish I knew in my younger years. Through the process, students can learn time management, effective communication, good customer service, and problem-solving skills, among others. Working part-time jobs or freelance gigs can also expose students to various industries and fields, helping them to discover their passions and figure out their career paths.
3. Building a strong network and professional connections: Making money as a student can also help build a strong network of professional connections EARLY. Whether it’s through part-time jobs, internships, or entrepreneurial ventures, they have the opportunity to meet and work with people who can offer mentorship, advice, or even job opportunities later in life. These connections can be invaluable when it comes to finding jobs or advancing in one’s career.
4. Reducing student debt or saving for future expenses: The extra income earned by students helps to provide money for payments towards their student loans and future expenses such as graduate school, travel, or other personal financial goals. This can provide peace of mind and a sense of accomplishment, knowing that they are taking steps towards achieving their financial goals.
Tips to Successfully Make Money as a Student
1. Master time management and prioritisation: These are 2 essential skills to be mastered by students looking to make money while studying. It’s important to have the right balance between coursework, extracurricular activities, and work responsibilities so that no aspect suffers. Students can create a schedule or use a planner to map out their time and prioritise their tasks. This aids them in meeting their academic requirements whilst making good dough.
2. Build a strong network and gain experience: Building a strong network of people and gaining work experience through every possible channel can be critical for students looking to make money and advance in their careers. They are encouraged to attend networking events, join clubs or organisations related to their field, seek out internships (even unpaid ones), or get part-time jobs that align with their interests. Doing these significantly increase their chances of landing better job opportunities later on.
3. Charge the right value for your services: Now this is an important and often overlooked point. It’s commonplace for a younger, more inexperienced person, to charge significantly less money for their product/service than what’s obtainable on the market. The fear of having no takers for their offer, the successful “bullying” by clients who only ever want to get things for cheap, desperation, and our age-old enemy imposter syndrome are a few of the reasons for this occurrence. Even as they work to get better at their craft, they should make sure to do enough research to know the going rates for a service and price theirs accordingly.
4. Keep track of finances diligently: It’s very important for students to keep track of their finances and have records of earnings, expenses, savings, investments, and even taxes to stay organised and avoid any issues down the line. To do this, they can make use of a journal, budgeting apps, spreadsheets, or other helpful tools to stay organised and keep track of their finances.
5. Practice good stress management: Let no one lie to you. Making money as a student can be a really stressful business that leads to burnout which would affect various areas of one’s life if not managed properly. Students need to slow down and take breaks from the hustle when needed and prioritise self-care. Avoid overcommitting to work or extracurricular activities so you can be in good overall health and thrive both academically and financially.
Now that we have these nailed, let’s dive into specific ways to make that money!
Ways for Elementary School Students to Make Money
1. Babysitting for friends, family, neighbours
Babysitting is a popular way for elementary school students to make money. They can offer their services to family, friends, or people in the neighbourhood who need a trustworthy and responsible individual to look after their children. Through this route, a student can gain valuable experience in caring for children and build their reputation in the community.
2. Doing yard work and other chores for neighbours
Students can offer to do yard work or help with chores for people in the area. This can include tasks such as mowing lawns, raking leaves, or shoveling snow. Such helpful rendering of services to their community could be physically demanding but does help students earn money and build strong relationships with their clients early on.
3. Selling handmade crafts or artwork
Many elementary school students enjoy making crafts and artwork. Using this passion to make money by selling their creations at local markets or online is a good one. People do love to buy from kids and support their work. The added benefits of this includes helping the students develop their artistic skills and entrepreneurial mindset.
4. Offering pet care services like dog walking
Children who love animals can offer pet care services such as dog walking or pet sitting. They can advertise their services to family, friends, or neighbours who own pets. Providing reliable pet care also helps them develop important skills in responsibility and time management.
5. Selling snacks like lemonade and baked goods
This is a classic way for elementary school students to earn money. They can set up a stand in their neighbourhood or at a local event and offer refreshing lemonade or tasty treats like cookies or cupcakes. They begin building important skills in entrepreneurship, marketing, and customer service this way.
6. Supplying recycling material
Not many people think of this. Recycling is not only good for the environment but also a way to earn cool money! Students can collect cans and bottles from their community and turn them in for cash at local recycling centres. What a gainful way for them to learn the value of recycling.
7. Offering tutoring or homework help for younger students
Those who excel in academics can offer tutoring or homework help to younger students who may need extra support. They get to develop their teaching skills and improve their own understanding of academic subjects.
8. Doing basic odd jobs for loved ones
Elementary school students can offer to do odd jobs for their parents or family members, such as cleaning and running errands. This can help them learn important life skills whilst earning money by providing helpful services to their loved ones.
9. Car washing services
Car washing is another service that can be offered to family members and neighbours at a good fee. Washing cars and providing reliable and efficient service helps students build skills like taking responsibility and paying attention to detail.
10. Offering car detailing services
In addition to car washing, more advanced cleaning and maintenance tasks like waxing, polishing, and vacuuming can be offered by students to those in their community. By providing high-quality service, they can build a strong reputation and good work ethic.
11. Collecting and selling items like coins
Some elementary school students develop a liking for collecting valuable items like stamps, coins, or baseball cards. They can turn this hobby into a business by buying and selling them which helps them develop beneficial skills in entrepreneurship, marketing, and financial management.
12. Selling declutter items
Another way to make money is by selling off decluttered items like old toys or clothes. Not only do they learn marketing and customer service, but also succeed in decluttering their living space.
13. Participating in paid online surveys for kids
Some websites offer paid online surveys specifically for kids. This can be an easy and convenient way for students to earn a little extra money in their spare time. Ensure that these surveys are legitimate and safe before participating, however.
These are just a few ways for elementary school students to make money and develop important skills at the same time. By offering services to their community and leveraging their interests and hobbies, they can build a strong work ethic and foundation for future success.
Ways for High School Students to Make Money
In addition to the aforementioned, high school students can make money in these extra ways.
14. Secure a Part-time job
Students can earn money by getting part-time jobs at places like local retail stores, restaurants, or other businesses. These jobs can provide a steady income and valuable work experience in their after school hours.
15. Tutoring peers or younger students
High school students who excel in certain subjects can offer their services as tutors to others. It can feel very rewarding to help others succeed academically whilst earning money.
16. Do freelancing gigs
If a student possesses creative or technical skills, he/she can offer services as freelancers in hot areas such as writing, graphic design, social media management, and the like. This can be a flexible and lucrative way to earn money while also building a portfolio of work.
17. Delivering newspapers or flyers
High school students can deliver newspapers or flyers for local businesses. This serves as an easy and flexible way to earn money, as it often involves working early in the morning or on weekends.
18. Selling items
Students can sell items they create or obtain like crafts and clothing either online or at local markets. It is a fun and creative way to earn money while also developing entrepreneurial skills.
19. Working as a lifeguard
Those interested can take up working as a lifeguard especially during the holidays. Note that it requires some training and certification considering the nature of the work, but it is also very rewarding and pays well.
20. Become a camp counsellor
During the summer, students who take the necessary training and certification can decide to become camp counsellors. It is a fun and rewarding way to gain leadership experience as well.
21. Perform odd jobs in the community
Offering their services for odd jobs like house cleaning or painting to people in their community is a good way for students to earn money while also developing practical skills.
22. Computer and technical support services
High school students with technical skills can offer their services as computer repair technicians or technical support specialists. It is a lucrative way to earn money while also building skills currently in high demand.
23. Rent out your car/bike
Those who possess cars or bikes can rent them out to people in need of transportation. Talk about a stress-free way to make good money off what you still own!
24. Create a YouTube channel
You’ve probably heard of one story at least of young YouTubers making lots of $$$ from their monetised channel and content. It might take a while to build your viewership and begin earning but students can create consistent content in an area of interest on YouTube and monetise it through ads and sponsorships. They also benefit from building an audience and developing a personal brand for future endeavours.
25. Blogging
If one has a knack for writing like me, creating a blog that is monetised through avenues like Google AdSense and even the Amazon Affiliate Program is a great way to earn some money. It’s typically a slow build to get the readership and page rankings but this can be achieved when someone has a good niche and masters search engine optimisation (SEO).
26. Offering translation and transcription services
A student with the ability to speak different languages can offer service as a translator or transcriber for people who need one. Many businesses and organisations require translation services for documents, websites, and other materials. This can be a valuable way to earn money while also helping others communicate more effectively.
27. Freelance photography or videography
High school students with photography or videography skills can promote their services and get hired for events and by businesses. These are constantly needed services, and if a student can really hone their craft, their inclination becomes a great way to earn good money from secured gigs.
28. Participating in focus groups or paid research studies
Students can seek out and participate in focus groups or paid research studies that are looking for participants. Sharing opinions and providing feedback on new products or ideas is a nice way to make some cash.
Ways for College Students to Make Money
Students in college can also make money in these additional ways:
29. Secure On-campus jobs
Many universities offer part-time jobs to their students to work on-campus. Examples include working at the library, student centre, or administrative office. They are a great way to make some extra money while also gaining work experience.
30. Internships or co-op programs related to your field of study
Some companies offer paid internships or cooperative education (co-op) programs that can last a few months or a semester which students can tap into and gain valuable work experience.
31. Participating in paid research studies, focus groups, or clinical trials
Universities often conduct research studies and clinical trials that need participants. Companies often conduct focus groups or market research studies to gather feedback on their products or services. Students can sign up for these and earn some extra cash while helping to advance scientific research and the like.
32. Offering tutoring services to fellow students
Students who excel in certain subjects can offer tutoring or teaching services to their fellow students. As they are making money, they help others thrive academically too.
33. Working as a resident assistant or mentor in your dorm
Many colleges offer resident assistant or mentor positions to their students. These positions involve living in a dorm and helping other students with any issues they may have. Resident assistants or mentors are usually paid and receive free room and board.
34. Driving for ride-sharing services like Uber or Bolt
College students who own a car can make money by driving for ride-sharing services like Uber or Bolt. This is a flexible job that allows them to work when they have the time. The extra benefits include meeting new people and getting to explore your city further.
35. Working as a server or bartender
Students who are comfortable working in a fast-paced environment can work as a server or bartender at a local restaurant or bar. These jobs can be flexible and offer tips in addition to hourly pay.
36. Hairstylist/barber
Those with skills in styling hair for men and women can offer their services to other students and get paid for it! Imagine being in a school with blacks and knowing how to cater to their natural afro hair, install braids, and the like for instance. Or knowing how to give someone a mean haircut! Once you have your tools available, it is a great way to make money in your spare time.
37. Make-up artist
People who are really good at glamming people up with make-up can make serious money doing so for others in and out of campus. With some good marketing and push for referrals, serious cash can be made.
38. Nail technician
The beauty industry has never been hotter. Another good way students can make money is by providing nail styling services to others around them. Those who perfect their craft can have a field day getting student clients who also like the convenience of nearby service.
39. Tailoring
In certain environments, one can make a killing if they can sew nice clothing wears. Students with that skill should look to monetise it and create wears for sale or custom make them for paying clients.
40. Event planning
Some people have the right level of drive and competence necessary for an event planner to possess. They are able to plan, organise and coordinate many moving parts that ensures the success of any event, including the ones on campus. Students who thrive at this can make some money from it.
41. Event services
Services like that of an MC, DJ, or Usher are needed at major events, and a student with the passion and ability to do these can cash out well on them. I know a medical student who goes hard with his MC hustle and has done a lot of gigs for weddings and the like.
42. Food services
Be it major meals, drinks or confectionaries, if your schedule allows for you to prepare tasty meals and drinks, there are many students who would love to pay you for them. Food is a constant need for everyone and would always be in demand.
43. Dropshipping and Affiliate marketing
These 2 are rapidly growing fields that students with a liking for sales can tap into. A skill set in digital marketing makes them successful ventures. Being able to conduct business purely online without the need to stock up on inventory is a really attractive benefit of both.
44. Influencer marketing
If one has a good following as a micro or macro influencer, brands who like what such a student is about can collaborate with him/her to help promote the company’s brand or products and services at a fee that could end up as a remarkable sum.
45. Selling your used books, clothes and other personal effects
As you advance through your college years, items that become old like clothing, or those no longer used like books, can be sold off instead of giving them away for free.
Ways for Graduate Students to Make Money
There are other ways that graduate students can earn money. These are;
46. Teaching or research assistantships
Getting these jobs through their program or department can be a great way for grad students to earn while gaining valuable experience in their field of study. The positions often provide a stipend or salary in addition to tuition waivers and other benefits, making them a popular option for many students.
47. Freelancing in areas related to your field of study
Opportunities like consulting or grant writing can be a lucrative way for graduate students to make money on the side. Many businesses and non-profit organisations require specialised knowledge and expertise, making them willing to pay top dollar for these services.
48. Teaching services to undergraduate students
Many undergraduate students are willing to pay for one-on-one instruction and support from graduate students in their field of study. It serves as a rewarding way to make money while passing on knowledge.
49. Working as a consultant, advisor or analyst
A great way students can apply their skills and knowledge to real-world problems while earning a steady income is by working as a consultant, advisor or analyst. Organisations like start-ups and small businesses looking for experts to help them solve complex problems, grow and succeed, are willing to pay well for it. This makes graduate students ideal candidates for these types of positions.
50. Writing/editing for academic journals or publications
This can be a lucrative way to make money, build the resume, and gain exposure in one’s field of study. Many academic journals and publications compensate tangibly for well-written and well-researched articles.
51. Designing courses and trainings
Creating online courses or training programs in one’s field of study is a fine way for students to share their knowledge and expertise with a wider audience and get paid for it. Many online platforms such as Kajabi offer tools and resources for creating and marketing online courses and training programs.
52. Renting out a spare room
Renting out a spare room on sites like Airbnb and other vacation rental sites is another flexible and lucrative option for those who have a spare room or apartment they can rent out.
53. Selling materials related to your field of study
Selling items like textbooks, written notes, research material and other academic supplies can be a good way to make extra money while also decluttering living space. These can be sold off to the many students and professionals willing to pay for them.
54. Speaking engagements
There are organisations and businesses willing to pay people to share their insights and knowledge with their audiences. When you have a specialised knowledge or skillset in your field, you can offer to speak at conferences or webinars and command a fee. This way, you not only make money but also build your reputation and network within your industry.
55. Professional coaching or mentoring services
You can use your expertise to offer coaching or mentoring services to other students or professionals who are looking to improve their skills and knowledge. This can be done through one-on-one coaching sessions, group workshops, and/or online courses. You can charge a fee for your services and market them through social media and professional networks.
And there you have your 55 ways to make money as a student. Which do you fancy? Of course, these are only some highlighted examples of the many ways students of all ages can make money. The most important thing is finding opportunities that fit your interests, skills, and schedule while staying within legal and ethical boundaries.
In Conclusion
Making money as a student can be a great way to earn some extra cash, gain valuable work experience, and develop important skills. In this article, we discussed various ways for students to make money depending on their academic level.
For elementary students, these ways include selling snacks and artworks, offering pet services, filling out paid surveys and the like. For high school students, options include part-time jobs, babysitting, tutoring, freelancing, and odd jobs. Students in college have access to opportunities like on-campus jobs, internships, driving for ride-sharing services, and selling items online. Graduate students can earn money through teaching or research assistantships, consulting, online courses, and selling academic supplies.
Adequate balancing of work and academics is important to ensure success in both areas. Students should also consider their interests, skills, and schedule when choosing a money-making option. Additionally, networking and building relationships with peers, professors, and professionals can lead to great future opportunities and success.
If you’re a student looking to make some extra money, take action today! Consider your skills and interests, research opportunities in your community, and start networking with peers and professionals. Whether it’s a part-time job, freelancing, or starting your own business, there are countless ways to make money as a student. Remember to balance your work and academics, and always strive for excellence in all areas of your life. Good luck!