I’m a student – I make an extra £100 a month with my trendy side and you can too

STUDENTS are feeling the pressure as the cost of living rises, having to pay rent, bills and food while focusing on their studies.

Student Beans found that 61% of Gen Zers started a side hustle in order to earn enough to stay afloat.

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Keontae Sadler Hodge tells how he earns extra money as a student in Birmingham

Millions of people are struggling as the cost of everything from gas to energy bills and groceries soars — and students are feeling the pinch too.

And most of the people who are studying full time have little time to work to save extra money.

Keontae Sadler Hodge, 21, studies electronics at the University of Birmingham.

Like many people his age, he feels the pressure to earn enough money to survive as the cost of living soars.

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So, like many others — and especially tech-savvy Generation Z (those born between 1997 and 2012) — he launched a so-called stampede to make money in his spare time.

Keontae puts her artistic talents to good use by customizing sneakers for people – and it earns her an extra £100 a month.

He said: “I started doing it because I love art – painting sneakers and making money is good, but it’s also combining something that I’m passionate about.”

Keontae charges between £75 and £100 per pair, but has sold custom-designed trainers for up to £250.

Keontae charges between £5 and £15 for shipping, but the overall price depends on how quickly the customer wants it delivered.

He finds most of his customers through referrals and word-of-mouth – and gets plenty of repeat business as well.

It usually takes around two days to customize a pair – but some designs took up to two weeks.

Because his time is mostly spent studying, he typically sells a pair a month.

For his custom sneakers, Keontae uses paint to add the designs, or if they’re really tedious, he’ll use specialty markers.

“I didn’t really have any weird requests,” Keontae said, “But one pair I really enjoyed doing was putting SpongeBob on one shoe and Patrick on the other.”

Although Keontae is fortunate to be able to earn extra money from his hobby, students may really feel the pressure to find a side hustle to ensure they have enough money to get by. get out.

Student Beans found that some students needed to earn up to £300 more a month to be able to afford whatever they wanted.

And 21% of those polled said they would need to earn more than £300 a month.

“Having a side hustle is definitely helpful if you’re worried about the cost of living,” Keontae said.

“I know someone who used to sell his lecture notes or even tutor other people and charge per session.”

How can I start a side-hustle?

In the age of the Internet, starting a side business is quite easy.

Sites like Etsy, Facebook Marketplace, and Ebay are great places to sell items if you’re the creative type, or Twitter and Instagram can help if you have some social media influence.

Keontae said it’s worth thinking about how you can earn extra money from your hobbies or passions.

He said: “If you like doing it, it doesn’t really feel like a chore.

“But if you don’t know what to do, you can always ask your friends or even your university tutor – they might have a one-on-one with you and give you some inspiration.

Be sure to research your competitors to determine the price of your products or services.

It is also important to take into account aspects such as taxation.

You can earn up to £1,000 a year as a sole trader before you have to declare your income to the tax authorities.

Sarah Coles told The Sun: “It’s important to remember that this is an allowance for turnover, not profit, so if you spend £200 on materials and earn 1 £200, you will be over the limit.

“You should also keep good records using an Excel spreadsheet or accounting software so you can show HMRC if they ask you for proof of your income.”

There are other ways to earn money tax-free.

Land Allowance allows you to rent a driveway, shed or garage if you have one – you can earn up to £1,000 a year before paying profits tax.

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And if you have a spare room, then Room Rental Relief allows you to get £7,500 by renting it out to a tenant or short-term tenant tax-free each year.

Of course, students are unlikely to own a home and be able to use these stipends – if you are renting, you will need to check with your landlord before renting space.

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