Press "Enter" to skip to content

The Season of Savings

As the month of May has approached, it means that there is less rain and more sunshine. Fewer exams and more summer jobs. Fewer trips to classes and more trips on vacation. Summer is in bloom, making it a time that is meant to truly be enjoyed.

But often having to venture out and find a source of income to live a stable lifestyle can intrude on your summer fun.  This is especially applicable if you are not reliant on your parents/guardians financially. But on the bright side, it can be easier to gain wealth over the summer than the college year as you have more time to prioritize your finances along with your education.

Paid internships are an effective way to do this. Although they can be difficult to acquire, these opportunities can provide you with the chance to not only get real-world experience that can help elevate your career but can also raise the numbers in your bank account.

Additionally, investing your time in getting a job could be beneficial to improving your finances as well as your professional skills. Depending on what career path you would like to go upon, consider choosing a summer job that correlates to it. This will give you the expertise of experienced workers as well as a chance to see what it would be like to pursue that field in the real world. For example, if you are pursuing an engineering career path, work as a tutor or mentor for younger kids to educate them on the importance of engineering. At the end of the day, gaining experience from which you can grow from, while also making money, can ultimately result in the most benefits to ensure career success and financial stability.

Furthermore, if you are unable to make money through an educational summer experience but are still able to afford however much it is costing you, it does not mean that you should not go for it. It is crucial to remember that you are still investing in the skills that could eventually help you gain a higher salary in the future. For example, if you got the opportunity to work as an instructor at a summer coding program but were not getting paid for it, you could still use the professional skills you have gotten from it in the future. You can also put these experiences down on your resumé, instilling the potential opportunity for you to have a strong portfolio for when you apply to future jobs or internships. In the long run, this advancement in your resume could aid you in landing a higher-paying job. This shows how in a way, you are investing in yourself and you will get paid back and make revenue with your future income. 

It is also important to remember that not everyone has internships and jobs lined up for the summer. If you are in this situation and are looking to make some extra income without having to work under a boss, you can get on the new wave of entrepreneurship. Running a company is becoming more prevalent in the business world. Summer provides a great opportunity to try it out, especially for those in their freshman or sophomore year as it is quite difficult to land summer opportunities at that age. This would be a great concept to add to your resume as it shows that you are proactive and passionate about your career path. It is also important to know that starting a business does not need to be expensive. This includes dog walking, mowing lawns, tutoring, etc. Working with what tools and skills you already have will ensure that you prevent counteractive results by spending more money than you make. 

So as you go upon your summer, remember that there are countless ways to work towards your goals while adding some extra money to your wallet!