Studying in college is the first step in the adult life of most teenagers. The new life offers new, unexpected turns that can be both happy and disappointing.

One of the common issues all teens need to resolve is investing as a college students. The way a person figures out how to earn and use his or her money can tell a lot about his/her intelligence, fortune, and ability to act wisely.

As a high school student preparing for college, there are many important decisions you need to make.

children using laptop
Photo by Max Fischer on

We realize that investing for students is a crucial, as well as a complicated step. Our critical guide was written to help you pay for college and set yourself up for financial success in the future.

Therefore, read attentively to learn some smart things to use your earnings wisely.

529 Plans

How to make money as a college student? This is one of the most delicate and significant questions asked by most teens. Perhaps there is no universal recommendation about it. Perhaps, you should start with 529 plans. What is this plan? It’s a tax-advanced savings plan designed specifically for education expenses. 

Its purpose is simple. One invests in a 529 plan to cover tuition, as well as room and board, textbooks, and similar essentials that have a relation to college life. These funds grow tax-free. In other words, you don’t have to pay any fees for taxation in this case. It’s wise investing in college.

Roth IRAs

Another tip on how to start investing as a student is to consider Roth IRAs. This is one more tax-advanced option for teens. If using this option wisely, one can lift up to $6,000 annually. Here again, no taxes will be charged. Moreover, you can withdraw your funds at any suitable time. There will be no penalty for it!


You may likewise try certificates of deposit or simply CDs. It’s unwise to undergo high-risk deals. That is why we suggest this one because it’s a low-risk investment. It has a very high return possibility. The principle is plain. You deposit funds in a bank for a definite time and thus earn! Mind that there are penalties for early withdrawals. Therefore, you need to attentively study any available deposit. This is a wise passive income for college students.

Mutual Funds

We realize how delicate saving and investing for students can be. Thus, we try to recommend only effective methodologies. One of them is using mutual funds. It allows you to utilize your earnings with other investors. Thus, you may purchase a diversified portfolio of:

  • Stocks;
  • Bonds;
  • Or other assets.

This variant may give you pretty high returns, but here again, you must study the issue properly to avoid a blooper.

What Else to Consider?

Do you wonder how to invest as a student? You definitely need to take into account various factors that may impact your financial moves. Here are a few tips to follow:

  • Set financial objectives (short- and long-term).
  • Consider risk tolerance.
  • Give heed to the investment timeline.
  • Apply for possible scholarships.
  • Prioritize your financial aims.
  • Avoid impulsive shopping.
  • Don’t drive a car too often because of the gas expense.
  • Look for discounts.
  • Purchase on the Internet.

These tips are really effective, but they should be fulfilled together to reach the desired saving effect for your budget.

Use Pro Writing Aid

There is one more recommendation, which is not related to making money in college directly. Yet, it can be considered a good investment all the same. There will surely come days when everything goes a mess, and you cannot cope with some of your assignments. As they must be done, you can find a dependable essay writer service, such as It will be a wise investment due to various points. The main ones are quality and price.

A professional platform has excellent writers. They can easily match the top standards of any educational institution. Thus, you may not worry about the quality of your papers. They are “armed” with the necessary skills to write, edit, cite, proofread, etc.

Pro platforms commonly have from 300 to 700+ experts. It means you’ll be able to find a perfect match to meet all your requirements. They can easily write a study abroad essay to meet the toughest demands of the strictest professors. The subject and topic don’t matter as well. Professionals easily write unique and readable texts.

As it’s a highly reputed platform, it never charges too much. Every credible writing agency offers relatively cheap prices to meet the budgets of its clients. Its authorities know that students don’t commonly have a lot of money. Every order can be customized and the cost depends on:

  • Academic quality.
  • Paper type.
  • Deadline.
  • Volume.

You’ll see the total cost. If it exceeds your current budget, just alter the demands from the list. Each alternation impacts the cost. As a result, you can adjust the cost according to your finances. Thus, you will not exceed the planned budget to be able to invest in whatever you want.

Summing Up

How much money should a college student have? This is one of those one-million questions asked by millions of people from all around the globe. We know how important this matter is for every college fresher. We hope that our recommendations and tips will help to use your earnings with the maximal profit.