Being a student is arguably the best time of your life. Socialising, learning and getting to understand yourself better while working towards an important profession, are all thrown into the mix. If you’re lucky your parents are sponsoring you in whole or in part to get through the full term of your studies.

In this case, all extra income could be the beginning of your financial future.

As a student, once you have put in the time for your lectures, assignments and tests, there’s still hours left to go out and do something productive that actually pays.

It may require a bit of attention to time management, but you can turn those spare hours into money.

From the age of 16 I was working. I had a job at Woolworths as a cashier. It was not the most glamorous (in a blue and white Woolworths uniform) and I died of embarrassment at the mere thought of seeing someone I might know – but still the extra cash was handy. Not huge cash – actually the best part of working at Woolworths was the sell-off of goods at sell-by date, to staff members. I think we paid below cost, and the products were superb.

I then turned to waitressing and roped in two of my mates. We worked for a catering company that did private functions such as weddings and bar mitzvahs. We had a great time and usually did well out of tips. I did this for almost two full years although my friends fell by the way side after a few months of success. With the money I saved, I was able to pay for a one-year trip overseas.

Student jobs are not hard to come by. There are many student portals focusing on part-time employment which help you to identify what is available. Plus there’s nothing to stop you using your own initiative.

Waitressing is a no-brainer with zero entry level requirements and tips can be huge. You do need transport and if you are not of driving age, you may need to rope in mom, or an older brother or sister. Even better, find a pizzeria within walking distance.

waitress and coffee

Other jobs for students are shop assistants, data capturers, baby-sitters, house-sitting, working on ocean liners… the list goes on. There are also thousands of internet opportunities.

I know people who have done extremely well out of au-pair work. The upside of this is that many opportunities are offered outside of your own country so often you get the bonus of travelling.

The point about making money early, as early as your student days, is that it gives you a head start in building cash reserves for the future.

Whatever you earn, try to save 10 to 15 per cent each month. You will soon see your savings grow. If you can establish this savings habit while you are a student, you are setting good habits in place from an early age.

Early savers are some of the worlds wealthiest people. Why not join the wealth makers?

Getting credit when you don’t have any