Saving up money for collegeAnswered
I'm only a freshman in high school and I'm planning to go to college but the only problem is being able to pay for tuition in the future. My family is low-income and I'm probably going to qualify for financial aid and whatnot, but what are some good ways I can start saving right now? I'd like to know more ways to earn money (other than getting a job, I will start soon) so I'd be able to pay for my tuition and save my parents the struggle.
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3 answers
Hey! I'm not a professional, but I too am trying to save for college, and here are some ways I've made money throughout high school.
Currently, I have two jobs, but they both pay ~12 dollars an hour while babysitting and lawn mowing pay ~20. For ninth graders, there are probably no better ways to earn money. I also know people who referee or work as umpires for local sports events and they usually get ~60 bucks per game. I also tutor people, usually for free, but if you excel in certain subjects and prove to people that you give quality help, this could be a way to earn some money while also furthering your knowledge of concepts. It helps to have a rapport with parents and adults in this case - maybe your parents could help you if they know anyone who would be interested. Another option is doing commissions online if you're talented in music, art, writing, editing, or offer any other service - starting a Fiverr is free, easy, and allows you to provide services to anyone in the world. The hard part here would be marketing but, again, if you have people you could originally market towards and help spread your business, that would boost your platform. Finally, there are so many contests for cash prizes online: I primarily focus on creative writing, essay, and art contests, but I know for a fact there are design, music, science, and math contests so I'm sure you could find something tailored for you. What I recommend doing once you have a source of income, or even beforehand, is opening both a savings and a checking account. I do a 30-70 split, putting most of my earnings in savings while still allowing a portion to be used for things I want or need. This will help prevent shopping sprees (I get them really bad when I'm manic, have to freeze my account usually) and will also allow the money in your savings account to generate interest. Not sure exactly how the interest thing works and it varies bank to bank, so you can google more or ask your parents.
TLDR; babysitting, lawnmowing, refereeing, tutoring, commissioning, competing, and saving :)
Hope my somewhat unprofessional answer helps!
Apply for as many scholarships as possible when the time comes to apply, and make sure to get a job as soon as you turn 16. You can also apply for scholarships on the basis of extracurriculars so do these and use it to your advantage.
Saving money for college is a crucial step toward securing a brighter future. It's commendable that you're taking this initiative. When considering investments, thorough research is key. As for icoholder.com/, understanding its potential risks and rewards is essential. Make informed decisions to maximize your savings and pave the way for a successful college journey. Good luck!
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thank you so much!!