Many tip lists out there will advise you on how to budget your money during college, when you are more than likely still dependent on your parents’ monthly allowance. Budgeting is a difficult art to learn, and there will inevitably be times during your undergraduate career when the parental coffers run dry and your folks are unwilling to provide you more before the next month. This is when you are left up to your own devices. Now you can either wait it out and live on cereal till the first of the month, or you can put your entrepreneurial skills to task by making a nice mound of cash yourself for these desperate times, so you’ll never be short on spending money again. Between procrastinating with that term paper and watching entire seasons of your favorite TV show, you can certainly mete out some time that’ll help you help yourself. Here are a few ways to make extra cash quick when the going gets tough.

1. Tutor other students.

There’s no better way to learn a set of concepts well than by teaching others. Whatever subject is your strongest, offer fellow students some tutoring sessions for a small fee. This way, you’ll still be engaging in academic activity, sharpening your own communication skills as you do so. Tutoring can range from helping students with homework sets to editing English papers. Send out a Facebook invite to advertise yourself, or post a notice on your dorm’s announcements board.

2. Participate in studies.

Giving yourself up as a guinea pig for scientific studies is a great way to earn extra cash fast. Especially if your institution is a research university, it’s very likely that different research departments will require volunteers, who can earn up $50 dollars or more for an hour or two of questionnaire-answering and game-playing. I once earned $100 for an hour of getting my brain scanned in an MRI machine while playing a video game.

3. Look for work on campus

Working on-campus is so much easier than working off, simply because your potential employer is used to working with students and understands that you have a hectic, uneven schedule. One of the best on-campus jobs I had was working at the university library. It was easy, didn’t take up too much of my time, and I could study and work simultaneously.

4. Sell your unnecessary belongings.

Whether it’s books from last semester, or a piece of furniture you don’t really use, take stock of your personal items and access which ones you can do without. Then, using Craigslist, Ebay, or Facebook Marketplace, get rid of all these items at relatively low prices. It’s a great way to clear your cluttered dorm room while getting some quick and easy cash.

These are just a few ways to make some money while in college. No matter how budget-conscious you are, you’ll more than likely overspend, especially during freshman year, when you’re living on your own for the first time. By making some extra money every now and then, you’ll skip that embarrassing phone call to your parents telling them how you’ve wasted their money mid-way through the month.

This guest post was written by Hajera Blagg

Lately, as the economy continues to decline I have seen more and more of this, my friends, and friends of friends, and pretty much everyone else I went to college with who managed to get a job post graduation are now facing layoffs.  These are all people with a graduate education, but given that the economy is loosing half a million jobs a month, and last hired makes you the first to get laid off recent grads (within 2 years of graduation) are being hit hard.  The bright side in all this is that having a college education still makes you far less likely to be unemployed (unless of course you are in the finance, or real estate industry). The reality is, and this is something that has surprised me, a number of my friends who have gotten laid off managed to find new jobs within a few weeks, and a few even got a raise!  And what’s more, some sectors seem to be far less susceptible to the downturn we are having, and a few sectors such as parts of IT, online development, e-commerce are still expanding and are still hiring. So there is some cause to be optimistic!

So the question you might ask is, what is there to do for the rest of us? What can one do if they just graduated from college and have no experience, or what can a person who just lost a job in an industry facing a severe downturn do? The answer is simple! Well OK, not simple, and not easy, but few things worth doing in life really are…

This is probably the best time in many years to start a business, to be an entrepreneur, to follow your dreams, to build or create something new.  Some of the bluest of the blue chip companies we know today were founded during the Great depression, (Boeing being one). Others, such as Coca-Cola took advantage of the depression to codify their brand in the minds of Americans.  What is more, the current recession seems to have significant other advantages for those of us looking to start a business, one being that the barrier to entry, to many businesses has disappeared.  Years ago, if I wanted to start a newspaper I would need significant resources, today I can start a blog for free. If I wanted to produce documentaries, I had to have a studio; today I can do it with a digital camera and youtube. If I wanted to teach anything I had to have some type of resources to get started- today I can use my webcam to create lectures on any subject, from philosophy, and teaching Chinese, to quantum physics, and I can promote these lectures through video sharing sites and my blog, once there is a following for my lectures I can institute a small fee for the more advanced lectures (while continuing to provide the beginners lectures for free).  I can open up a store, or sell widgets online for very little, if any start up cost, and given that we are all looking for ways to save money more and more of us are turning to the internet to purchase our widgets.  The possibilities are really endless, restricted only by your interests, and your creativity.

The point I am trying to make is that there is more than one way to look at this recession, one way is to look at it as years lost, another is to look at it as an opportunity to make a name for yourself, or to grow a business, and this way when we come out of this recession you will be in a stronger position.

This is great advice for students and those with few responsibilities, and I understand that for many of us we need to have money to pay for the kids’ new clothes, and for the mortgage. So to those of us out there with responsibilities, my advice is this, continue networking, continue looking for a job, sending resumes… but instead of doing that for 8 hours a day, do it for 6 hours and spend the other 2 hours on some of the other ideas that you might have.