Six ways students can earn extra money alongside their studies

As a company dedicated to helping people manage their finances, IE Hub recognises the importance of students finding ways to earn extra money alongside their studies. With the rising cost-of-living crisis, the high cost of tuition, textbooks, and other expenses, it is essential for students to supplement their income to alleviate financial burdens.

Currently, IE Hub has seen significant growth in those aged between 18-24 seeking financial support. The Office for National Statistics (ONS) reported that over three-quarters of students are “concerned” about the rising costs and how it will affect their studies. Therefore, it is clear that more and more students are looking for ways to improve their financial well-being. In this blog, we will discuss some effective ways that students can earn extra money alongside their studies.

Part-time jobs

Part-time jobs are a great way for students to earn extra money while studying. Many businesses hire students to work part-time, and some even offer flexible schedules that can work around your class schedule. You can explore various options such as retail, food service, customer service, and many more. Working part-time also has the added benefit of gaining work experience that can benefit you in the future.

Freelance Work

Freelance work can also be a viable option for students to earn extra money. If you have skills in writing, graphic design, coding, or social media management, you can easily find freelance work through various online platforms. Freelance work allows you to choose the projects you want to work on and work at your own pace. This flexibility can be especially beneficial for students with busy schedules.

A great place to find flexible, freelance work is Unibeez. Their AI-powered platform matches you with suitable jobs to match your interests.

Benefit Checking

Did you know that in the UK, there are over 8 million households missing out on £16 billion in benefits? As a student, you may not think that you are entitled to any benefits, but you could be wrong. At IE Hub, we help many students with taking control of their finances, including checking if they are entitled to any benefits. Currently, 68% of our customers qualify for additional income. Check out IE Hub, complete your budget and once you get to the end you can check your eligibility for any additional income.

Online Tutoring

If you excel in a particular subject, you can use that expertise to earn extra money through online tutoring. With the rise of online education, there is a high demand for online tutors. You can tutor students of all ages and levels from the comfort of your own home. Online tutoring is flexible and pays well, making it an excellent option for students looking to earn extra money, for example, MyTutor.

Selling Items

Online Selling items online can be an effective way to earn extra money. You can sell items you no longer need, such as textbooks, electronics, clothing, and more. Online platforms such as eBay, Vinted, Depop and Etsy make it easy to list and sell items. Selling items online is a great way to declutter your space and earn extra cash.

Paid Surveys

Paid surveys are a straightforward way to earn extra money. Many companies conduct surveys to gather data and feedback from consumers. You can sign up for paid survey websites and complete surveys in your free time. Although paid surveys don’t pay much, they require minimal effort and can add up over time.

In conclusion, students can use various methods to earn extra money alongside their studies. By utilizing part-time jobs, freelance work, online tutoring, selling items online, and completing paid surveys, students can alleviate financial burdens and improve their financial stability. As a free, online budgeting tool, IE Hub also encourages students to take control of their finances by creating budgets, tracking expenses, and maximizing their earning potential.