Studying full time and struggling to find paying work that fits into your ridiculous schedule? Don’t worry, we’ve all been there. If you’re strapped for cash here are a few ways to make a bit of money on the side and still enjoy your social life
1. Tutoring and Note Taking
A great way to earn money while studying is to become a tutor or sell your notes to others students. If you spend your lectures taking notes and listening attentively, then selling copies of your notes for others to revise from is the perfect way to make some money on the side with little to no extra work. Make sure your work is neat and properly formatted, and consider using a service like StudentVIP or Nexus Notes, where you can make up to $50 for each subject with little to no extra work.
If you have a bit more time on your hands you may find tutoring other students to be a rewarding experience, especially when it comes to cash. Put your details up on class noticeboards and social groups, or sign up with a service like University Tutors to find people who might benefit from your knowledge. Tutors can make a great hourly rate, but it can often involve more regular time commitments and longer hours which may not work for some people with sporadic or busy schedules.
2. Participate in Research Trials
Many universities and institutions conduct research studies on their students, and participants can make hundreds of dollars depending on the study. These studies usually require a short time commitment and often take an hour or two, although larger ones can last a few days. Most studies require you to answer a few questions, but some may involve drinking or drug trials.
These trials often fill up quickly, so make sure you get in touch with your student services provider and register your interest early in the semester. Alternatively, you can contact various departments via email to see if they have any studies that will pay for participation, and they will provide further information.
Pay outs for these studies can range anywhere from $10 to a couple of hundred depending on the length, and can be great for a bit of extra spending money with little commitment.
3. Share your assets
The sharing economy is all around us: from your textbooks to your car, and even your clothes, this growing trend is tipped to revolutionise the way people access the products and services that facilitate everyday life in our modern society. If you find yourself strapped for cash but still wanting to enjoy your social life, then sharing your car or textbooks may be a great source of income. Services like ‘I Share Textbooks’, for exchanging textbooks and learning material, and ‘Covet’, for renting and sharing dresses, make it easy to monetise your assets when you’re not using them. Some people are even renting out their car during the day, made possible by apps like ‘Tulo’.
Much like selling your notes, this often requires very little effort and time. This option offers and much better return on investment than traditional methods, such as Gumtree or Facebook marketplace, by offering recurring income; and you don’t have to part ways with your possessions to keep reaping the benefits of the sharing economy.
So don’t let the struggle of a busy uni schedule or social life stop you from making a bit of money on the side. By utilising some of these tips you can afford to be flexible with your free time, put some money away for your inevitable student loans, or even go on a holiday!