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Broke College Student? 20 Money-Saving Tips For College Students That You’ve Never Heard Of

Broke College Student? 20 Money-Saving Tips For College Students That You’ve Never Heard Of
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Those of us who’ve survived the four (or more) years it can take to gain our college degrees know that those can represent some of the most trying times of our lives – in no small part due to the lack of money college student hopefuls can experience.

Forget stripping and finding a “Sugar Daddy” to try and survive your college days. Here are 20 unique ways to increase the money in your pocket as a college student:

1. Sell your essays online via Kindle Direct Publishing

There’s a reason you’re researching and writing all those original essays. After you ace your assignment, upload those suckers via a Microsoft Word document (or other file types) directly to Amazon’s KDP website and sell them to others.

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    2. Donate blood or other body fluids and such for money or gift cards

    Although certain FDA rules disallow paying cash for blood, there are ways that capitalists have found to reward blood donators with gift cards or other incentives. Selling sperm, plasma, bone marrow, breast milk, placenta, and even your hair are also options, but don’t think donating eggs is an easy payday.

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      3. Save by paying cash for medical procedures

      Yeah, there a certain visits to the doctor that you might not want to share with your parents. As such, sites like Yempl.com can give you the exact prices that physicians charge for various procedures – like health screenings, etc. – and the discounts they offer people who pay cash.

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        4. Cut the cable bill costs

        Of course you want to keep up with some mind-numbing TV to counteract all that learning, but you don’t want to pay outrageous cable TV costs to do so. Soak up your favorite episodes via Hulu or sites like Choose.tv that allow you to watch international channels online.

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          5. Rent textbooks from Amazon

          Textbooks can be pretty pricey, but if you rent them through Amazon’s textbook rental service, you can use them only for a semester then ship them back when you’re done.

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            6. Trade those gift cards for cash using special CoinStar machines

            Let’s say you receive a $200 Victoria’s Secret gift card for Christmas, but truth be told, you’d rather have cash for food instead. Use a CoinStar Exchange machine to trade it in for cash, but be warned, you may end up with only $120 or so in greenbacks as a result.

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              7. Recommend wacky and outrageous products

              Use programs like Amazon Associates to promote wildly expensive products on your blog, and take a cut of the fee when they sell.

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                8. Hawk a video course

                Sell your skills via video courses on websites like Udemy.

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                  9. Go crazily creative on YouTube and get ad revenue

                  If your friends are always laughing at your antics, consider filming them and uploading them to YouTube. Select the option to monetize your videos, and if they go viral, you might make a dent in those student loans!

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                    10. Become a virtual tutor

                    The best part about being alive in the Information Age is that there are folks willing to pay you to jump on Skype and tutor their kids in all sorts of subjects. Find them on sites like Elance, oDesk, or even Craigslist if you must, but be careful about giving out too much private information.

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                      11. Gain an income for your voice

                      If you have the kind of voice that belongs on a TV commercial, try your hand at gaining voiceover work in between classes. Set up a gig on Fiverr and see where it goes.

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                        12. Offer local businesses a web presence

                        Chances are you might know more about social media and websites than the local bakery owner in your college town. If you’re technically inclined, offer to set up their Google Maps listing, social media accounts and even a website – for a fee, of course.

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                          13. Take pics with your phone and make money via apps

                          Use apps like Gigwalk to score gigs that pay users to take photos of specific things, like end-cap settings in stores.

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                            14. Perform article arbitrage

                            If you’re savvy and smart enough with details, being a liaison between freelancers and their clients can pay you. For example, you might find one client on Elance willing to pay $175 to have a 500-word article written, and a writer willing to get paid $100 to write the article. By acting as a detail-oriented middleman, you could pocket $75 bucks for the transaction.

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                              15. Make your own app

                              You don’t even need to know how to code apps in order to have an app created. Use a free app-maker online to get a basic app made. Or, pay small amounts to have a basic app made and submitted to the iTunes App Store and add advertisements to the app. Perhaps you can become the next “Make it Rain” millionaire.

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                                16. Sell your Photoshop skills

                                If you’re good with that lasso tool on Photoshop, you can probably find a groundswell of clients online and in your real life willing to pay you to pretty up their pics or to create amazing renderings for their graphic design needs.

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                                  17. Make niche websites

                                  Take advantage of being a college student in the know – privy to your own 16- to 24-year-old huge focus group. Parlay what’s hot and happening right now, like the corset waist-training craze, for instance, into a site surrounding the topic. Throw up some Google AdSense ads and Amazon product recommendations, and pray the dough will roll in to your coffers.

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                                    18. Sing on the street

                                    If you’ve got a velvety smooth falsetto or alto singing voice that gets rave reviews, why not share it with the world – or at least the folks outside your window? Hey, it worked to make R. Kelly famous, when he sang for spare change on the L train’s platforms in his Chicago hometown.

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                                      19. Edit videos for others

                                      Instead of plopping your face or voice all over YouTube, consider firing up iMovie or your favorite video editor to help spiffy up the videos of others – for a small or large fee, of course.

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                                        20. Sell your social media likes and comments

                                        Yes, in our social-media driven world, people are willing to buy followers, likes and comments. If you’ve attracted quite a following, look for sites that are willing to trade that popularity for money.

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                                          Featured photo credit: 20120421-NewYorkCity-ColumbiaUniversityCampus (4MF).JPG By jzlomek via mrg.bz

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                                          Last Updated on July 20, 2021

                                          Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

                                          Financial Freedom is Not a Fantasy: 9 Secrets to Get You There
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                                          Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

                                          Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

                                          Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

                                          In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

                                          Break Free of Your Finances

                                          Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

                                          When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

                                          Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

                                          Though it seems hard to believe, it is really very simple to get financial freedom.

                                          To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

                                          While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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                                          Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

                                          1. Stop Unnecessary Spending

                                          We often spend money inwardly, instead of objectively.

                                          For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

                                          To stop this habitual spending, log down all your spending over the course of a month.

                                          Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

                                          This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

                                          2. Plan a Monthly Budget

                                          This is a great opportunity to get serious.

                                          Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

                                          Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

                                          3. Cut-up Credit Cards

                                          Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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                                          If not, you may want to consider ridding your life of the burden that credit cards bring.

                                          Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

                                          Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

                                          4. Increase Savings

                                          There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

                                          It’s good practice to save up to 15% of your income.

                                          Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

                                          Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

                                          5. Invest Wisely

                                          Consider investing in funds.

                                          Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

                                          To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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                                          Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

                                          6. Invest in Gold

                                          There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

                                          You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

                                          Another way to invest in gold is through ETFs (Exchange Traded Funds).

                                          These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

                                          With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

                                          7. Stash Emergency Funds

                                          Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

                                          If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

                                          Make it hard to get your cash.

                                          Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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                                          8. Find Fabulous Mentors

                                          Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

                                          If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

                                          There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

                                          9. Be Extra Patient

                                          Patience is the key of financial success.

                                          Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

                                          So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

                                          Financial Freedom for All

                                          Anyone can achieve financial freedom, regardless of their financial circumstance.

                                          Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

                                          Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

                                          Featured photo credit: rawpixel via unsplash.com

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                                          Reference

                                          [1] Hartford Gold Group: IRA Retirement Accounts

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