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7 Ways to Make Money While Studying / How to Earn Easy Money for Kids and Teens

Updated on July 14, 2013

Making money as a teenager can be hard work, especially if you also attend school. However, with determination and a little courage, there are at least 7 ways to make more money while studying.

How can you earn an income while at school?
How can you earn an income while at school? | Source

Save Money

Saving money is one, less enjoyable method of making money, and the most important. While this is not always applicable, it is important to remember the old adage:

"A penny saved is a penny earned."

Saving your cash reduces the need to make more. By exercising discipline, you also gain important skills that are useful in determining what is truly important in your life. By depositing your savings in a bank account, you can even make money from interest.

There are several steps to take to be able to save money:

1. Eliminate debt.

Whether it be credit card debt, or just the $20 you borrowed off a friend last week, in order to save money, you need to eliminate your already accumulated debt. Many times if someone receives a large amount of money, they will devote it to a holiday or similar expense. But not you. Now, to save in the long term, money received should be first devoted to removing debt. Interest on loans, sucks.

Fun Fact

If you make a bet with a friend that you'll achieve your financial goals, it increases the likelihood that you'll follow through and achieve your goal. Especially if you're betting with honour.

2. Set Realistic Goals

By setting realistic goals, you increase the likelihood that you will save money. Each goal needs to be specific, with a time-frame and value. A bad example of a goal:

"I want to save money"

While the above goal can be a starting point, it doesn't provide a framework for the future. Ask yourself how much you want to save, why you want to save it, and the amount of time you have to save it.

"I want to save $1535 before March for a new laptop"

In the above improved example, you have been given a time-frame and a specific goal to aim towards.

3. Keep a Record of Expenses

Get a logbook, or a scrap of paper, and religiously record everything you spend money on. From the $3 cup of coffee to the $89.95 textbook, it should all be written down.

This provides you with a unique perspective. That daily cup of coffee is suddenly a major expense. As with coffee, it's the small, regular, purchases that add up to a big overall cost.

Of course, you need a source of income to be able to save it.

Sometimes making money is hard work!
Sometimes making money is hard work! | Source

Hard Labour

When it comes to honest labour, the possibilities are nearly endless. When you're at school however, it becomes more difficult to make fast cash. Depending on your individual skills, you may want to try your hand at these:

1. Yard Work / Mowing

Nearly everyone wants a clean front yard, but not many have the time to clean it. You can use this conundrum to your advantage by using your free time to clean nearly everyone's front yard!

All you require is an eye for detail, some old clothes and a little elbow grease: Nearly anyone, male or female, old or young, can pull weeds and cut grass.

2. Detail Cars

Maybe dirt isn't really your thing, or maybe you just prefer that 'new car' smell. If so, you'd be surprised how many people want their cars cleaned.

A little investment, a trustworthy demeanour, and some basic cleaning knowledge is all you really need to make money cleaning cars. It doesn't hurt to bring along some like-minded friends, as some people find it hard to trust individuals with their pride and joy.

3. Personal Shopper / "Runner of Errands"

Start a errand-running service in your campus or area for those that don't have the time to get everything done. You can expect jobs such as shopping for groceries, fetching dry-cleaning and various chores.

4. Dog Walking / Pet Sitting

Dog walking and pet sitting sound cliché, but some will pay good money for people to care for their pets, particularly if they are going away for a long time. You need both some patience to pull this off, as well as knowledge of the pets you plan on caring for.

With jobs like those above, it is particularly important to advertise. Marketing your skills through flyers and word-of-mouth can help to bring business. Remember also that none of these jobs are exclusive. They can all be done together if you devote yourself to your work.

Tutoring is helpful to all those involved.
Tutoring is helpful to all those involved. | Source

3. Tutor Others

Tutoring other students is a good idea if you genuinely wish to help people, or if you are interested in a job in education. It is a community-minded method to make money, that helps everyone involved.

If you're particularly gifted in a certain area of learning, consider tutoring people in your grade or the grades below. This helps others learn, and keeps your fundamental skills sharp while you earn spending money.

However, if you are interested in tutoring, it should be something you approach carefully. Remember that this is a person's education, and not just a way for you to make money.

4. Hold A Yard Sale

An old-fashioned but effective way of making money is to hold a yard sale. Even if you believe you have nothing to sell, it can be surprising how little sales add up.

There are several things to remember when holding a yard sale:

1. Learn how to haggle, and be willing to compromise. Bundle together similar or low-value items. If you have worthless clothes, consider tearing them into strips and selling them as rags.

2. Let people know why you're holding a yard sale. People can be amazingly generous if they know where their money is being spent.

5. Make Crafts

Recently the market for home-made and crafted goods has increased with the rise of websites such as Etsy. If you are an artistic person, consider making decorative pieces for others and selling them.

If you can make jewellery, carve wood, dye clothes, or make paper-crafts, there is a market for your skills online. Ebay (World-wide) and Madeit (Australia) are excellent marketplaces to sell your products every hour of every day.

Recycling is a viable way to make spare cash, especially during holidays.
Recycling is a viable way to make spare cash, especially during holidays. | Source

6. Recycle

When I tell people there's profit in the recycling business, lots of people will skeptically ask, "How can you make money recycling?"

The answer is: Often when you accumulate recyclable material, it can sold to a nearby rubbish depot or recycling service for a neat profit. There are plenty of opportunities to recycle in all areas of life. Part-time jobs and public events can generate a lot of rubbish, much of which can be recycled.

Even my father recycled: He once bought tonnes of scrap metal from his employer, then sold the same metal to recycling plants for a reasonable profit, by only sorting the aluminium and copper.

Examples of things you can recycle:

  • Unspoiled (dry) paper
  • Glass bottles, preferably not broken
  • Aluminium cans
  • Approved plastics, identified by their Recycling codes

If you're unsure of which materials you can recycle, you should always refer to your closest recycling authority.

7. Freelance Write

Writing freelance is definitely my favourite method to make money, and one for teens and adults alike. It requires a good command of literacy and a great deal of dedication, as the amount of money you can make depends entirely on the quality of your writing.

However, freelance writing is not limited to sites such as Elance and Hubpages. You can get paid to write for local newspapers, promotional companies, and even people looking for just one job to be completed in your local area.

Don't expect to be able to give up your day job for freelancing. If you enjoy writing, it can be simply a way to supplement your income, and have fun at the same time!

Money Poll

Which is your Favourite Method to Make Money?

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Thank you for taking the time to read my article. Please feel free to comment below, your feedback is welcome and certainly appreciated. Also, if you choose 'other' in the poll above, comment your ideas!


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    • kbdressman profile image

      kbdressman 2 years ago from Harlem, New York

      GREAT article! Tutoring is a really good option. Not only does it provide steady income typically in comfortable surroundings with flexible hours, but if done under the right arrangement it makes it easy to get better letters of recommendations from teachers. It looks good on resumes. And, if you need service hours, you just don't charge for a few sessions or tack on a little extra free time. Not only will tutoring help meet immediate financial needs, but it helps brighten future opportunities and is extremely rewarding as well!

    • profile image

      Jacobb9205 3 years ago

      Great ways to make money online!

    • profile image

      eddyeddy 3 years ago

      Thank you very much for sharing your idea on how to make money while still studying. Am looking forward to do the freelancing job, am very sure it will help me a lot towards improving my financial life.

    • Jared Miles profile image

      Jared Miles 4 years ago from Australia

      Thanks for your comment Au fait, and I'm glad you enjoyed reading my article :) it's very true about paying as little as possible for necessities, I should include that in this Hub. Thanks again, I look forward to hearing from you another day soon :)

    • Au fait profile image

      C E Clark 4 years ago from North Texas

      Lots of good ideas here. I think about the best one can hope for if they're poor is to pay as little as possible for the necessities. There's nothing left to even think about saving. But I like your list of possibilities for making some extra cash.

    • Jared Miles profile image

      Jared Miles 4 years ago from Australia

      @Rachel Horon, babysitting is a good option for trustworthy people, and you make a good point about working through school. If you can find work that way, it's a convenient alternative to finding work off-campus. Thanks for taking the time to read my article and for commenting :)

      @liesl5858, I'm glad you've decided to write content online, and try to help people at the same time. I hope you do well on Hubpages. Thank you also for checking out my Hub :)

    • liesl5858 profile image

      Linda Bryen 4 years ago from United Kingdom

      Great hub Jared Miles and so much ideas on how to make money. I hope to make money by writing hubs that interest and help people as well.

    • Rachel Horon profile image

      Rachel Horon 4 years ago from Indiana

      When I was in college, my roommate got a job babysitting two young children of alums who lived in walking distance from school. All she wanted was one hour twice a week at her home so she could go shopping or work out. I got that job when that roommate transferred. It was easy work for pocket change. I was also a German tutor and paid through the college. If students don't need to work as part of their tuition, they may find a few small jobs around campus.

    • Jared Miles profile image

      Jared Miles 4 years ago from Australia

      I like to hear about people who have helped the world with their knowledge, and tutoring achieves this. Teaching others can be useful if you enjoy it, and it generally helps all those involved, so I'm glad to hear how you contributed. Thanks for your input Jerbit, I appreciate it.

    • Jerbit profile image

      Julia 4 years ago from Bangkok

      i became a tutor in my time.

    • Jared Miles profile image

      Jared Miles 4 years ago from Australia

      Having worked at a supermarket in the past, I've come across mystery shoppers, which are similar to personal shoppers. From what I've heard of the industry, if you can find work as a personal shopper, it can be very enjoyable and rewarding. Thanks for commenting Kevina, and good luck with the freelancing.

    • Kevina Oyatedor profile image

      kevina oyatedor 4 years ago

      Personal shopper sounds like a great way to make money. I just started freelancing so I will see where it goes from there.

    • bydojo profile image

      Ramona Jar 4 years ago from Romania

      Yeah, clearly times have changed. I'm freelancing now, so I got to do the jobs I couldn't when I was young ;)

    • Jared Miles profile image

      Jared Miles 4 years ago from Australia

      Thanks for your comment bydojo, it means a lot. :)

      Times have definitely changed with the creation of the internet, teens these days have so many more opportunities.

      If you enjoy the work, every little bit counts :)

    • bydojo profile image

      Ramona Jar 4 years ago from Romania

      Excellent advice. When I was a teenager and we didn't have internet and computers, I used to make some extra-money by tutoring smaller children. It wasn't a lot of money, but it was still useful ;)