Say you or someone you know is a college student who is not the richest person in the world. Could you probably use some extra money?
I think just about anyone would look into EASY ways of having some extra money in their pocket at the end of the month, right? Well today, I’m here show you things that personally helped me accumulate some extra mula and I think you could benefit from them as well. These ways that are really easy, and you probably over looked them.
Now, this post isnt to show you how to get rich… Well not entirely, but I’ll get in to that a little later in this post. 🙂
Interested? If so, continue reading to discover some of the best ways to save/ make money as a college student.
Turn coins into bills, No coin machine
This first point may seem obvious and maybe dumb to some, but doing this can actually work wonders and you could make nice money from doing this, so bare with me.
Ok.. Do you ever see that lose change on the street that nobody seems to want to claim? That coin on the floor in the grocery store that people keep walking past cause it’s just a penny or a dime? You should really pick that up. It’s money and even though it has very little value, it still adds up.
Let me tell you what I mean..
Do you go to grocery stores or certain work places or establishments a few times a week? Why not turn in your coins at the register at check out? Five pennies make a nickle, so when you have five pennies, ask for that nickel at checkout. Same with nickels and dimes: if you have 2 nickels ask for a dime, five dimes make 2 quarters, 4 quarters makes 1 dollar bill, five 1 dollar bills is a 5 dollar bill.
You could definitely keep going but I usually stop there and I store my five dollar bills away and save it. To me, these five dollar bills are a reminder of this easy accomplishment, and i develop some self control about this money by not spending it. and if I do decide to eventually spend it anytime soon, I dont usually spend it on just anything.
There you have it! No coin machine involved to take some of your money away from you. It’s that easy, but too few people think too much about this.
And dont be shy, cashiers usually dont care to exchange change for more change.
Living with parents
Maybe you are just starting out and you dont know if you should live with your parents and commute or live in the dorms or apartment. But if you are concerned about saving money, living with your parents is probably the best way to go.
This could cut down on the food expenses for you. Maybe even some bills if you are responsible for any at your parents. After all home is where the heart is, its probably where the most money is too 😉 .
Cut fast food
I know this may be easier said than done. I personally cant imagine life without my chicken deluxe at ChickFilA…
Studies show the average college student spends about 36% of there budget on fast food. If this is you, cutting fast food would be a big factor in saving money as its probably where quite a bit of it goes to each month.
Opt for going to the grocery store and buying things you can either cook or just heat up in the microwave if you are not much of a cook. Also, you could always pack your lunch (:
***Earlier I mentioned that this post isnt to show you how to get rich. So far I’ve only mentioned things that could help you accumulate a little more money at the by the end of each month. These next two points definitely have the potential to change your life.
Join affiliate marketing
If you dont know what affiliate marketing is, it is a way to make money online through commissions from various companies.
The process goes as follows: Promote a companies product, get traffic to that product and if the person decides to make a purchase through your affialite link, you get a commission.
Commisions range from 5% to 75%, depending on the company and the product.
The reason I say it has the potential to change your life is because these commisions add up, depending on the amount of traffic the product is exposed to. There are many people, including college students making a full time income doing this. I personally just started and boy am I happy I did, because i am on one of the best platforms there is. (Click here for more details)
and the best part about it is that ANYONE can do it! you dont have to have any experience, you dont have to be a sales person, and you dont need to be a computer wiz.
This is one of the smartest things to get started on while you are young. In just a few years or even months you could be making more money than you could have ever imagined and ultimately set your self up for a money thriving future!
Affiliate marketing brings me to my last point, investing. Here’s a little food for thought, college is more than just overloading yourself with studies so that you can one day work your dream job. It also about taking steps to help you prepare for your future, that includes finantially.
What if the money that you were saving from cutting fast food or the moving in with your parents was put towards something that could make you alot of money? Maybe even more money in a month than what the job you are studying for pays in a year.
Most young people don’t think about investing all because of one phrase that was invented a couple years ago, “YOLO”.
This prompts people not to think about tomorrow much, only today. The thing is is that your future is just as important and decisions you make now definitely affect it. Don’t get me wrong, i think it’s great to have nice thing today, just as long as it won’t affect my tomorrow.
Things are changing, robots are being created, cars might start flying, There is so much that going to happen in the furture and the truth is, Facebook might not be here forever and neither will Snapchat. The U.S. dollar might not even be around for much longer according to some theories, so what will replace these things? These are some of the questions you ask as an investor.
The sooner you learn about this stuff and get on it, the better. (I’ll be posting a blog soley on this in the future to elaborate a little more)
By now I truly hope you have learned some big things and little things on how to save and make money than just begging your parents or taking on another job. You already have a big job, one of the most stressful jobs in the world in my opinion. But having a little extra money in your pocket every month sure helps to cope better (:
If you have any points that you think I may have missed, have any questions or just want to chat please dont hesistate to comment below or shoot me an email at email@example.com, I’d love to hear about it!
Thanks for reading my post, until next time!
– In sweet humility.