How to earn money while studying? These are some ideas

College students working in group with laptop in library

The university period is marked by different factors and one of them is the economic one. When starting their studies, many young people must cover expenses that not only address the payment of tuition and registration, but are also destined for food, work material and even entertainment.

In Colombia, there are universities or institutes that have dual schedules and that makes it easier for some students to work and study. However, not all curricular and academic curricula are the same, so there are study plans that spend most of the time in higher, technological or technical education institutions.

Whatever the case, there are alternatives to obtain money while a student is in the training stage.

According to information from the administrative and accounting software Siigo, new technologies have become relevant in recent times. In reality, social networks are the main protagonists to the point where they are a way of obtaining income.

In line with the digital age, making use of platforms such as YouTube, Instagram, LinkedIn, Facebook and now the popular Chinese application TikTok is a viable solution to earn money. So the software for micro, small and medium-sized companies advises starting in the world of creating academic content, since many would like to learn several of the knowledge that is acquired in the study stage.

A nano influencer, that is, a user who accumulates between 2,000 and 5,000 followers, can receive between 10 and 100 dollars per publication ($40,000 and $400,000 in Colombia), according to the AZ portal.

Midsection Of Woman Holding Banknotes

On the other hand, if the person is not good at managing social networks, he can consider being a tutor or monitor. It turns out that not all people have the same retention and, therefore, it is difficult for them to learn in the same way as others.

This is how the model of academic monitors was born, students who support those who need to understand a topic taught in class. Some institutions tend to remunerate the work of junior educators by the hour and others on a monthly or semi-annual basis.

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Regarding the amount, the rate depends on each monitor and the hourly payment is usually an individual business. For their part, those who work with the academic institute where they study could receive up to half the minimum wage. For example, according to information posted on the website of the Universidad del Rosario, in Bogotá, the economic incentives that an academic monitor could receive correspond to 50% of the total hours that the professor teaches the subject.

It should be noted that, usually, the people who are monitors have a good academic average.
Finally, if digital platforms and education are not to your liking, you can use the sale of a product to accumulate money. In other terms, it is known as undertaking.

The Fintech financial industry shares on the internet that today it is easier to obtain resources compared to previous times, but, for this, it is necessary to create teams or seek sources of financing.

Among the supports of the Government is that of the National Apprenticeship Service (Sena). The entity has the Emprender Fund that offers seed capital for apprentices or associations.

Also, it never hurts to emphasize the need to see savings as a source of income. The United States Bank of America shares three tips for accumulating money:

  • Make a personal budget.
  • Set a monthly savings amount.
  • Draw medium or long-term goals that can be done with the currency of exchange.
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