ideas to make extra cash whilst a student

jennyc85

hi i'm looking for help/ideas for making a bit of extra cash as a full-time student. I dont hav a student loan as im not entitled to one as i'm on an nhs bursary. I work the occasional shift for an agency as-and-when i can...

i'm up to my eyeballs in debt from when i worked full-time, that i've stuck my head in the sand and ignored for a number of months, resulting in extremely bad credit history, which means i cant open a student bank account.

I know what i need to do re the debt, i've got the info pack from the debt advice line, just havent found time to do all the letters etc/keep putting it off.

basically im really struggling at the moment to make ends meet. im not gettin any financial support off my parents... i try to cut back as much as possible with my spending... but what im really looking for is ideas to make more money... i've thought of dropshipping but i dont think its such a great idea... im not sure...

thanks!

Mike1989

Can always try and see if your uni has a hardship fund or can give you any help financially or advice wise to help. Could go round each bank, book an appointment, and see if you can get a student current account. It is worth a try unless you've already done all that. Only other thing is to get a job with hours which you can manage, eg. do Saturday and Sunday in a shop like Smiths who will likely be looking for Christmas staff. That might be able to help you get some more money.

Other than that I'm not sure other than a job. But try your uni see if they can help you out financially or with advice of what to do. Best lace to start, if they can't, try every bank for a current account. If no luck there, you may have to get a job with more hours. Unless someone else cna think of something I'm not

barginboyrob

I know it's random but i would say matched betting,

thats how many of my friends and I made a few grand during university ..you have to be on the ball though!

or if you have a good friend which does it, you can get them to do it all for you (and they take a commission)

farso

barginboyrob wrote: »

I know it's random but i would say matched betting,

thats how many of my friends and I made a few grand during university ..you have to be on the ball though!

or if you have a good friend which does it, you can get them to do it all for you (and they take a commission)

I second that, I have done this with my gf, and between matched betting, bingo bonus bagging and now market trading, we have earnt about £7k. You only have to do it when you have time too.

Also, if you have anything tht you no longer use, ebay is def the way to go. On my last clear out of unused "stuff" i managed to buy my whole years reading list!

Oh, and if your buying any christmas prezzies, dont forget quidco for cashback!

Good luck.

chika

Matched betting is a good one, I made a few grand in my first year - which paid for a couple of weeks in New York...

Also if your doing nursing then could you apply to NHS professionals, my sister is a student nurse and does bank shifts for them. She only works if and when she has time and for a night shift gets £120! Makes me wish I had done it!

La-Cara

I supplement my income by using pigsback, quidco, rpoints etc. Most of them pay cashback for searching on kelkoo or registering for email newsletters so they give you money for doing almost nothing. Takes a while to build up but every little helps.
Also, try entering competitions, even for things that you don't want as you can sell the prize on or give it as a gift.
Another good earner is online surveys, there's loads of threads on here about all the different sites, but I personally like onepoll, valued opinions and lightspeed.
Many people on here do mystery shopping, I've never really got into it, but one thing you do have to remember is that you have to register as self employed.

For more info on all of this, look on the Up Your Income board, and also try the freebies and competitions sections. Hope that helps

farso

La-Cara wrote: »

I supplement my income by using pigsback, quidco, rpoints etc. Most of them pay cashback for searching on kelkoo or registering for email newsletters so they give you money for doing almost nothing. Takes a while to build up but every little helps.
Also, try entering competitions, even for things that you don't want as you can sell the prize on or give it as a gift.
Another good earner is online surveys, there's loads of threads on here about all the different sites, but I personally like onepoll, valued opinions and lightspeed.
Many people on here do mystery shopping, I've never really got into it, but one thing you do have to remember is that you have to register as self employed.

For more info on all of this, look on the Up Your Income board, and also try the freebies and competitions sections. Hope that helps

Do you really find the online surveys worth doing? Im certain that the amount of time that has to be put into it makes it far below the minimum wage. Also, you should be wary of mystery shopping as this is also the case. They see you as "self employed" which to them means "pay peanuts - get monkeys - clients wont notice too much" and are generally right. Dont be so despirate for cash that youll do anything.

xxsarahxx_2

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blue_ashleigh

What's matched betting?

La-Cara

farso wrote: »

Do you really find the online surveys worth doing? Im certain that the amount of time that has to be put into it makes it far below the minimum wage. Also, you should be wary of mystery shopping as this is also the case. They see you as "self employed" which to them means "pay peanuts - get monkeys - clients wont notice too much" and are generally right. Dont be so despirate for cash that youll do anything.

Yes for me they are worth doing, earned over £120 from them this year. I tend to do them between classes at uni if I have nothing better to do. Like I said before, I didn't really get into mystery shopping, as I decided it seemed like too much hassle.

Liz_M

I would be careful about going with the suggestion of going to every bank and trying for a student loan. This could be wrong as I don't know much about it but I tried for a student loan and got turned down (checked my credit report to find out why and it appeared I had no bad credit so it was probably 'lack' of credit rating that made them turn me down - which I don't understand as I thought most students would have a lack of credit rating) anyway the person I had my bank appointment with told me that I could try one other bank, but not to try more than one more. If I remember rightly, then he said this is because when you go in and apply for an account, the bank does a credit search on you, and this goes on your credit rating(for 6months? not sure on this). It apparently won't affect it if you get one or 2 searches done, but a lot of searches in a short period of time will give you bad credit rating.

Anyone correct me if I'm wrong, as I don't know much about this I'm just going by what the man in the bank told me!

Also, I THINK it was LloydsTSB I tried with, and they said at the time if I had a family member (parent, grandparent, I think they even said Aunt/uncle) who had accounts with that bank, it could be used to overturn the rejected credit check. Not sure if all banks do this but it could be worth looking into?

But if you are in debt already, maybe a student loan with an overdraft WOULDN'T be the best thing, as it is just giving yourself an opportunity to get into MORE debt. And then when the overdraft is used....where do you go?