5 ways to earn extra money to help pay off your student loans
Updated on December 2, 2020
If you are a student who is struggling to pay off your loans, you certainly aren’t alone. However, by earning extra money, you could pay off your debt much quicker and live a more comfortable life on your regular salary. Here are a few ideas for side gigs that can make it possible to pay off student loan debt faster:
1. Sell your stuff on e-commerce websites
One great way to earn some extra money is to sell extra stuff you no longer use on e-commerce websites, such as eBay and Amazon. These platforms attract millions of potential buyers, so it’s likely that there will be someone looking for the item you’re selling. This is an easy way to put some extra money in your pocket that you can use to pay your student loan debt.
2. Pick up a side gig online
Picking up a side gig online is another great way to earn some extra money and make more payments on your student loans. Some online side gigs you might want to consider include:
– Taking online surveys
– Writing content for blogs and websites
– Graphic design (if you have experience with this)
– Web design (if you’re a tech-savvy person)
3. Pick up extra hours at work
If you are able to pick up overtime at work, consider doing so. This can be a great way to earn extra money and you may even be paid a higher wage for these hours. In many cases, this will be 1.5 times your ordinary hourly rate if you’re paid by the hour. Salaried employees will typically be paid their standard hourly rate for overtime.
4. Consider a weekend job
Consider picking up a second job to earn some extra income at the weekends. Some examples of weekend jobs include security positions, driving for Uber or Lyft, and package handling.
5. Offer lessons
If you play a musical instrument or are a chess genius, you might want to consider offering lessons. These lessons can be geared towards kids, teens and even adults.
To find out more about paying off your student loans, contact us at StudentLoanify today.