Student loans are a pain. Although they help pay your tuition while in college, it often takes a few years to pay all that debt off. According to some estimates, those who recently graduated college end up paying more than $300 per month.
Also, millennials nowadays receive less salary compared to the median national income. This makes paying off that huge debt even harder. To resolve the issue, paying off student loans while still in college is one of the best options. If you’re willing to spend extra time on side income jobs, you can earn enough money to pay off those debts little by little.
Without further ado, here are 5 side income jobs that can help you financially.
1. Sell stuff that is no longer used or needed
Unused or unneeded stuff in the storage can be an excellent money maker. Depending on what stuff you have stashed away, you can earn some short-term cash by selling them on sites like eBay or Craigslist. If you’re lucky enough and manage to come across local buyers, Craigslist can be the best bet as they won’t charge any fees.
2. Do data entry jobs
Data entry is possibly the easiest online job available. In most cases, it won’t require any special skills just to get the job done. If you’re knowledgeable with MS Word and Excel, you can find a number of legit data entry jobs online.
Most of the time, you’ll be entering various data into a variety of programs. Although the pay is often low, there are tons of this job available online. Not to mention, it’s also one of the easiest jobs there is. As you get more experienced, you’ll be able to find high-paying jobs in line with your experience. Sites like VirtualBee and Axion Data are just a few platforms where everyone can do data entry jobs.
3. Freelance writing
With a good command of the English language and a knack for writing, you can earn a decent income by writing articles, essays, blog posts, press releases, and more. There’s never a shortage of this job online. After all, every website and online business needs content for marketing or informational purposes.
Since each writing job varies, you can normally find both low and high-paying jobs. Also, it’s a bit easy to come across projects that are in line with your schedule. Sites like Fiverr or Upwork are a good source of writing jobs.
Alternatively, you can offer writing services to fellow college students. Normally, college requires writing essays for reports, assignments, and other academic purposes. If you can spare enough time, you can write essays for other students and charge them with a reasonable fee.
4. Make money by sharing expert opinions
If you’re good at creating expert opinions, why not turn that into a short-time moneymaking scheme? Lots of businesses and organizations can greatly benefit from public sentiment and be using the data they collected from different focus groups. By responding to their questions and sharing an expert opinion, you will be able to earn some good cash.
The trick here is to look for legitimate focus group opportunities whenever they appear in your area. Find Focus Groups is a legitimate resource to use when looking for new listings along with relevant information on focus groups nearby.
If you prefer to get paid for your opinions while at home, you can look for online survey platforms instead. By answering questions online, you’ll be compensated for your responses. The problem is that looking for some lucrative surveys can be a bit difficult. In most cases, you’ll just receive payment in points which are redeemable for stuff at specific retailers.
5. Do transcription jobs
With fast typing skills and attention to detail, you could try doing transcription jobs. As a transcriptionist, you’ll be listening to audio files which contain interviews, webinars, speeches, phone messages, and more. They’re also from a wide range of sectors including law, business, academy, media, and more. The amount of money you make will depend on the number of files you can transcribe.
As a beginner, you’ll normally expect low payments. However, as you gain more experience, it’s possible to earn more. It greatly helps if you have a fast typing speed with at least 90% accuracy. You can also give medical transcription a shot, although it’s required to take online courses and obtain a relevant certification to do so.
Doing side income jobs makes a huge difference when it comes to repaying student loans faster. If you’re in need of some extra cash to pay off student loans as quickly as possible while still studying, the ones listed above are some of the most ideal and lucrative options out there.