Ways to Earn Money during Summer Vacation

time and money saving tipsCollege students love some extra money and are always searching ways through which they can earn them without much effort. A summer internship and working under someone is one option but if you want to spend your summer vacation just sitting and managing some work then these are some job options that will earn you money and you can sun bathe through the whole summer and work through your tan.’

List of jobs that will earn you some cash during summer vacation:

  • Be an online tutor: if you like teaching and have ample of time on your schedule then you should try this out. Online tutoring is really getting popular as there is some good money there. Many colleges also allow people to tutor their students online which are awesome. You can search online about these online classes and you can easily find some. They might adjust timings and keep lectures when you are comfortable so you don’t have to make major changes in your schedule.
  • Sell stuff: we all have a box of things that we don’t need but keep it with us as we don’t know what we’re supposed to do with it. The best way you can get rid of this stuff and even earn some cash is to sell them on eBay or amazon. They have a great policy where you can just upload some pictures of the things you want to sell and the customers that are interested in them will contact you or purchase it directly. This is a simple and easy way to earn some cash.
  • Online surveys: we all know what a task it is to fill out these survey forma but it is a great way to earn some decent cash. You just have to fill out some particular set of forms and you get your cash, as simple as that. They have many different types of surveys and you can choose based on your interest. Some are based on your favorite brand or some you can fill while watching a scary movie.
  • Food delivery: this job is one thing that might take up some of your time but they pay you nice money. You can take a car or bike and deliver food around your block. You just have to pick food from that outlet and deliver it on their doorstep and you just have to drive your car. We all know a popular option for this job is uber eats and they pay you good money.

These are some summer jobs that you can choose and there are many more different options from which you can choose and earn some money.

Financial Challenges that Young People Face

moneyIn today’s world of instant everything, the double increase of appetite for spending to the ratio of income is leading to many financial problems. The issue is more intense for the teens and young adults because they lack a formal education and the maturity in managing their finances and funds. And thus, in order to lead a stable and financially secured life, it is essential and crucial for the young adults to understand the importance of a financial education and its relevance. If you too fall in this category, read about the financial problems that you may encounter:

Financial Illiteracy: Personal finance is never or very rarely a part of the curriculum. Youngsters are often ill-prepared to tackle financial problems when fresh out of college, leading to poor financial planning. This in turn leads to decreased wealth and shooting debt. What one must know is, financial literacy doesn’t require innate skills and can be learned, a few minutes daily are enough.

Debt: It is one of the most abhorrent financial elements for the youth today. A desire for what you don’t have, and immediate attainment has become the second nature. People concentrate their debts to lead the good life, often beyond their means. It begins with some most manageable compromises. And really no one wants to end up in debt! Poor spending habits, sudden crises, and unplanned expenses are other things that drag you deeper into debt.

Financial Fragility –questions like what you’re going to do if you need Rs50,000 in cash immediately? Or how to pay for expenses after a freak accident? If you don’t have backup funds for such cases, then you are financially fragile. In a vicious cycle of financial crisis, a sudden expense may leave you deep in debt. Saving a little, a month can secure your financial future. Liquid mutual fund investments provide liquidity and short-term growth. For the long-term, a Fixed Deposits are recommended.

Increasing costs –Often parents recall their era of modest expenses. Young professionals often feel helpless in the face of the rising cost of living. Inflation has become a global phenomenon. Paychecks rarely grow proportionately. Savings has become a rare scene and you start living paycheck to paycheck.

High-paying jobs and multiple income resources can be helpful. Regular investments in financial schemes also help get an extra mileage out of your income. Youth tend to make poor financial decisions. Connect to a professional and start investing.

Conclusion: Though there is a lot of potential in the young generation of today but they do suffer due to their own set of challenges, lack of foresightedness and carelessness which they need to overcome. Crossing which they have a financially brighter future.