September 07, 2017 by Anna Peters
Balancing school and work is a game of time and money. First, you need to create a budget (this is easy) to figure out how many hours per week you have to work in order to pay your bills. Then, manage your priorities by thinking through how many hours you have each week and what you have to accomplish. If balancing everything stresses you out, there are solutions. If you haven’t thought about online jobs for students, or about asking for a raise, we have tips for you below.First, create a budget for yourself The point is to know how many hours you have to be at work each week.
This is easy, really.
It comes down to expenses and income. Money in, money out. Become an observer of where you spend your money, and reviewing your credit card statement or checking account activity is a perfect resource. Your goal is to get a pretty good sense of how much you can spend on what—you don’t need a ledger of precise dollar amounts for each expense.
Open up a spreadsheet and list all the things you spend money on. Include rent, food (and, um, drinks), any loan payments, gas or bus passes, bills, entertainment, etc. Estimate a monthly amount for each item. Add them up. That is how much money you need to take in to make ends meet. If you have a job already, it should be easy to figure out how many hours per week you need to work to pay for your expenses. If you have any other regular income, like help from mom and dad, make sure to subtract that.
Time management tips Once you have your budget and you know you have to, for example, work 20 hours/week, how many hours does that leave for homework and hanging out with friends?
We asked our friend Vicky Oliver on our Panel of Experts to give her time management advice. Oliver is the author of five career books, including 301 Smart Answers to Tough Interview Questions (Sourcebooks, 2005) and 301 Smart Answers to Tough Business Etiquette Questions (Skyhorse, 2010). She offers these time management tips for today’s stressed-out college students:
Online jobs for students reduce commute time Don’t limit yourself to jobs that require you to physically show up. Think of the time you’d shave off your commute if you could work from home.
There are so many freelancing jobs available, and even if the job posting doesn’t describe the opportunity to work remotely, you can bring it up if they contact you. For example:
There are ways to know whether you’re ready for a raise at work, or if you’re a job seeker, how to negotiate for a higher salary. There are performance-based raises, time-based raises, and a promotion up the ladder.
Related: When to ask for a raise, and tips for young women to get paid what they deserve
Our friend and expert career counselor Marky Stein offers this advice:
If your wage or job offer is under market salary, and you know the company values you, you can open up the conversation by saying, ‘My research shows me that this pay is somewhat under market salary. What can we do to bridge that gap?’ And they might offer you something higher, or you could negotiate for more benefits, for example, telecommuting or a unique workweek.
Read the rest of Marky Stein’s advice in “How to negotiate offers: Tips for discussing salary and benefits”
Consider taking more time to complete your degree This could make more sense than you realize.
If you spread out your coursework over another year, the obvious benefit is that it gives you more hours to work and make money each week. Aside from that, however, it also could open up the opportunity to take that class that wanted but wasn’t offered at the right time.
If you have a particularly full course load and are susceptible to high levels of stress and burnout, lightening your load and taking more time is absolutely not a sign of failure, nor is it a red flag to employers. What matters in the end is your degree, and if you stay mentally stable and produce higher quality coursework by balancing your work-school priorities, you will win in the end. Recruiters who scan your resume look at your graduation date, not how long you’ve been in school. In fact, recruiters are impressed by candidates who can tell about their solution to balance work and school, because it demonstrates maturity and professionalism.
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