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Tips for spending money at school

It would not be wise to tell you how to weasel more money out of your mother and father. Chances are your parents are already paying for your education! They probably don’t have a lot of extra money to go around.

However, you may be able to get a bit more spending money to use at college by negotiating a deal with mom and dad or by spending your free time productively! Here is a list of five things you can do to earn extra spending money to use in college.

  1. If your grades were not so good in high school and your parents are anxious for you to spend their hard-earned money well in college, ask if you can negotiate goals to include some monetary reward if you achieve the grades.
  2. Use your winter, spring and summer breaks to finish those family projects that your mom and dad can never seem to get accomplished. In exchange, ask for more spending money for school.
  3. Find things you have stored in your room at home that may be worth money (old video games, books, clothing, skateboards, snowboards) and ask if your parents will sell these at a garage sale or online. They get to keep a percentage of the profit for their effort, and you get the rest. They will be happy to clean out the old stuff that is cluttering up the house, and you will have a little extra money in the process.
  4. Organize a fund raiser while you are at home during the summer. You can have people pledge a few dollars per mile for you to walk from your home town to some distant location, or to run in a race, help clean up the neighborhood or do something else worthwhile. Part of the money goes to a worthy charity and part of it goes to your spending allowance. Be sure you clearly explain to those pledging funds, so they know where their money is going!
  5. Coach a fellow student in something you know well. Whether someone wants to learn to play the guitar, speak French or play baseball, you may be able to earn some extra money, giving lessons. Post a card on the dorm bulletin board and spread the word. Make money in your spare time!