Business Ideas for Students
Here is a list of some common businesses run by school and university students:
- Apartment finding service.
- Baby-sitting service.
- Baking
- Bicycle repairs.
- Car washing.
- Catering
- Computer maintenance.
- DJ service.
- Delivery service.
- Distribution of flyers.
- Entertaining
- Garden and lawn cutting.
- Growing plants.
- Handicrafts
- Holiday selling.
- House and office cleaning.
- Information selling.
- Laundry service.
- Messenger service.
- Music lessons.
- Painting and furniture refinishing.
- Personal shopper.
- Pet care.
- Photography
- Plant care.
- Researcher.
- Translations.
- T-shirt design and printing.
- Tutoring
- Typing service.
- Wake-up service.
Hold Small Amounts Of Money
If you want to cut your spending by 30% very quickly, make your money hard to get. That is, if your money is easy to get to, it will be easy to spend. Make sure your cash is out of reach. For example, if you are going out, don’t take all your money with you. Take only the amount of money you know you need.
9 Commandments of Personal Finance for Young People
- Begin saving early and take advantage of compound interest.
- Avoid credit cards if you can, but if you need to just get one.
- Keep an eye on expenses so they never exceed your income.
- When spending your money, keep thinking about your future as well as your present.
- Always pay your debts and other financial obligations on time.
- Keep a budget of your income and expenses projected for the next twelve months and then track against your spending.
- Set out a plan for reaching a certain goal in your investments.
- Keep records organised so it is easy to work out your tax and other requirements.
- If you don’t understand finances, learn by taking a course or getting the necessary books.
Some Easy Ways to Learn About Money
A good question to ask is, “What do I have to show for all the money I have spent?” You may be surprised at the answer.
Here are some tips to help you become wise about spending money:
- Learn the difference between needs wants and wishes.
- Try not to pay too much for things. Always negotiate down.
- Keep an account of all the money you have saves, invested and spent.
- Learn to start growing your money (most of the growth will come by savings).
- Open a savings account and plough any money you make into it.
- Don’t be influenced by advertisements on TV, the radio or newspaper. Always think before you leap.
- Don’t borrow money unless you really need to and be careful of credit cards.
|