A student at the University of Leeds makes an extra £150 each week through a savvy side hustle which lets her profit from her skillset and boost her income in a cost of living crisis.
Product design student Ella uses Paperound, a website where business owners can hire students to carry out tasks based on their requirements. Students sign up by listing their skills in order to be matched up with someone.
Ella, 20, completes design work for clients and makes between £100 and £150 each week in the process. Though now a nice earner, the original aims were quite different, the Mirror reports.
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“When I came across Paperound, I wanted to gain some industry experience with design work and I could see it was going to be an easy way to make money alongside my degree,” she said.
Prioritising her university studies means Ella has had to limit the work she takes on, and consequently what she earns. Though as she explains, those circumstances are changing.
“However, now I have upped my price to £15 an hour and throughout holiday periods I can take on more, this week I will have earnt around £300."
According to a study from Student Beans, around 61% of Gen-Z youngsters have started a side hustle to manage the cost of living, while over a fifth (21%) said they need to make an excess of £300 a month for it to be profitable.
The cost of living crisis continues to deepen, with inflation soaring to 9.4% in the 12 months to June. Rising inflation means your money doesn’t go as far as it used to.
The Bank of England (BoE) thinks inflation could top 11% later this year when energy bills rise again in October, up significantly from the typical 2% it normally tries to keep.
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