5 Easy Ways to Make Money as a Student Living Abroad

When you move overseas for further studies, you have to conduct your day-to-day life there which requires a steady flow of money for comfortable living. As expenses for living abroad are quite high along with the educational expenses abroad, most students consider earning some extra cash on the side while studying. Students should find an earning opportunity while living abroad as it releases them from the inevitable financial burdens. Thomas Cook is aware of the predicament that overseas students face. Thus, we came up with five easy ways to make money that can help them. With our suggestions, students can balance their studies, work, classes, and social life while earning adequately.

We, at Thomas Cook, have not only provided the answer to the question – How to make money, but we have also provided the process of applications as well. Moreover, how our Student Forex Products can help you to organize your work life better has also been mentioned. So, if you are a student living abroad, then this guide can be a savior for you.

Here are 5 top ways to make money as an overseas student

Now, check out the ways that can remove your financial headaches when living abroad:

1. Paid internships

Many students do not consider a paid internship as they think the responsibilities are greater than a standard unpaid internship and they won’t have the time and energy to concentrate on their studies properly. But, do you know that there are many paid internship options that are designed only for students? So, do consider only student-oriented paid internships to enjoy all the advantages this type of earning opportunity has to offer.

One of the main advantages of a paid internship is that it is a good move for your career. If you choose to become a paid intern in the company/industry you want to work in the future, then after graduation you can apply to become a full-time employee there. So, not only is this a great way to earn while studying, but it is a good strategy to break into the industry of your choice faster. 

Your college or university is the best place when it comes to scoring a paid internship. So, consult your educational institution first as most abroad colleges and universities provide placement programs that can help students to earn while studying and gear up for the future.

Of course, plenty of paid internships for students are available online as well. So, do a search and research online to land the most suitable paid internship.

2. Apps

There are companies that have designed official apps to provide a mobile and online marketplace that enables users to outsource everyday tasks. If you are wondering how to make money without any extra burden, then you can make use of these apps and earn cash by completing one-off tasks for clients that are outsourcing the work.

Whenever you are ready to work, you can instantly log in to the app and get work in your neighborhood. The job can be dog-sitting or cleaning or helping someone to move their furniture. These jobs are paid fairly and they will not affect your studies.

3. Digital Freelancing

This is an easy way to make money as a student. You can do this kind of work remotely and many options are available that do not require previous experience or special skills.

If you are good at writing, graphic designing, translating, voice-over, video-editing, or social media marketing then you can earn money through digital freelancing.

The first step of finding a digital freelancing job would be checking out the many websites that would help clients from whom you will work as a freelancer. Choose a reputed or trusted website and search for freelancing opportunities that suit your skills or passion.

4. Online teaching

Teaching is a popular choice for many students not only abroad, but all over the world as well. When you are studying and living abroad, then finding students to tutor in real life can be difficult. Thus, you should only stick to online tutoring as these job opportunities are readily available for students.

There are many online portals that are designed specifically to provide their users with the opportunity to earn money via online teaching. You can also check your university’s noticeboard regularly at your college and university to see if anyone is looking for a tutor.

5. Entrepreneurial

If you have any hidden talents or skills, then you must utilize them to make money. Students often forget that their hidden talent or skill can create something new that can be monetized.

Suppose you are good at baking, then open an online bakery and sell your baked goods to interested customers. Yes, it is this simple to become an entrepreneur these days because of all the facilities modern technology can provide. Have a clear idea and use social media to market your product/service and earn big while studying.

Thomas Cook Forex Products for Students

Now that you are familiar with the 5 ways to make money as a student, it is time to understand how Thomas Cook Student Forex Products can help you.

It does not matter which job option you chose from the above list as all of them require you to manage your finances better. You need to ensure you are not losing money via unnecessary high fees or charges that are associated with making transactions for school, work, or entertainment.

• Student Forex Currency Notes

Let’s take this student forex product into consideration first. Having this is just like having liquid cash with you at all times, but better. They are designed to make minor payments and handle daily expenses.

If you only make transactions with the currency of the place you are living in, then you cannot avoid the fluctuating exchange rate as the foreign exchange market is unpredictable. With Thomas Cook Student Currency Notes, you do not have to keep on checking the foreign exchange market to ensure you are not spending more than you intend to. Not only you can block the currency rate  in advance, but with our currency notes, you can always expect the best online currency rate as well.

• Student Forex Travel Card

Now, what about the large expenses that you have to make to get your career going? Do you know you will be charged a 3.5% fee for international debit or credit card transactions? Furthermore, banks are also known for charging a high percentage for your online transactions and include many hidden charges. However, this is not the case when you use our Forex Travel Card.  The rates are quite affordable at Thomas Cook.

Handling multiple currencies is also possible with our Multi-Currency Forex Cards  which can be loaded at zero margin rates. You can also track your expenses effectively with this forex product of ours. These cards are PIN and CHIP protected which ensures your hard-earned income is well-protected.

Do you know you can also avail instant cash support during an emergency if you have a Thomas Cook Forex Travel Card with you? Moreover, when you consider our Student Forex Cards, you will not be required to pay any kind of annual maintenance charges. So, instead of carrying Credit and Debit cards, carry a forex card with you when studying and living abroad.

With the added financial gains provided by our Student Forex products, you can manage your finances better. So, in a way, you will be able to make the most out of the amount earned via the job you joined. Want to know what more our Student Forex products have to offer? Then, contact Thomas Cook now!