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4 Ways a Summer Job Can Help Your Financial Future

Posted by MoneyKey on June 7, 2019
lifeguarding as a summer job

When you’re looking ahead at your summer, no one would blame you for getting excited at the prospect of filling your days with trips to the beach, outdoor excursions, and some well-earned vacation time. Getting a summer job may not be at the top of your mind. But if you’re a student looking to save some money for the upcoming school year, a teacher with the summer off, or even someone looking to earn a little extra money on top of your normal paycheck, the summer is a great time of year to start padding your bank account.

Take a look at these four reasons you should consider getting a summer job.

You can make some extra money

We could all use a little extra money in our pocket, particularly if you’re a teenager without a normal income, or a college student who has to pay living expenses throughout the year. It won’t necessarily make you rich, but seasonal work can go a long away in helping you achieve your short or long-term financial goals.

working a summer job for extra money

Some extra work in the summer doesn’t necessarily need to be reserved for students. Even if you already have a full-time job, picking up a bit of extra work on the weekends or in the evenings can really start to add up. If you’re making even an extra $150 a week, that adds up to $1200 in only eight weeks. Whether you’re looking to lower student loan payments, start an emergency fun, or start saving up for a vacation, the extra cash you earn during the summer can help.

You can find seasonal work

When summer finally rolls around, a number of different industries start to ramp up and they need all hands on deck to keep the ship running. These seasonal jobs aren’t always available all year around, so this might be your time to pounce. It’s also nice that you don’t have to add the stress of eventually quitting since it’s understood that your time is limited. All you need to do is work for the summer and start putting away that extra money.

Seasonal jobs can usually be found in retail, landscaping, tourism, and lifeguarding. The uptick in business means that there’s often more jobs available, and since they’re only guaranteed for a relatively short period of time, you may find that there’s less competition.

If you’re looking for seasonal work, scour online job boards, join local Facebook groups, or take a look at a site like NextDoor to see what opportunities are available in your neighborhood.

You’ll add some structure to your schedule

Whether you’re a college or high school student, the summer days can start to tick away, and next thing you know, you’re starting up the school season all over again. How did your entire summer dissolve before your eyes, and all you have is a tan to show for it?

someone putting summer job into their schedule

When your days lack structure and you’re not working towards a specific goal, you may not be having as productive of a summer as you could be. It might be time to start taking advantage of your newfound freedom to earn some extra money. A summer job can give purpose to your days and help you work towards your financial goals.

It’s also a good opportunity for you to start developing some good financial habits that will serve you later in life. You can start to learn more about budgeting, saving your money, and managing your time.

You can develop new skills

If you’re looking to pivot into a new career, the summer can be a great time to start exploring new opportunities.

If you’ve finished your undergrad and are heading to grad school the next year, you might want to look for an internship to refine your skills. Or maybe you’re a teacher with the summers off and want to try your hand in the tourism industry. This might even be the time buckle down and start getting serious about launching the new business venture you’ve been working on.

getting a summer job through networking

Start looking for ways to invest in yourself, develop your skillset, and look for ways to improve your viability in the workplace. Here are some things you can do to help you get started:

  • Start a side hustle. This is a great way to earn a little extra money while you refine a new skill in a work setting. This might even give you the chance to start working for yourself or start your own business.
  • Look for networking events. If you’re looking to land a new job when summer’s out, making contacts in the industry you’re looking to get into might be your ticket in. A good way to do this is to start going to conferences, social events, and networking opportunities with other people in the industry. A lot of open job positions aren’t always available to the public, so you’ll need to start making personal connections if you want access to these openings.
  • Go to workshops. If you want to develop new skills, going to a class or workshop is a great way to learn from people who know what they’re talking about. Adding a few skills to your toolbelt may help you earn that promotion you’ve been gunning for, or it might even help you land a higher-paying job somewhere else.

There are plenty of new skills you can develop by trying something new, and the summer is a great time to do this.  

Use your summer wisely

For a lot of us, summer is a time to relax, enjoy the outdoors, and take a bit of much needed time off from our regular schedule. But it can also be a great time to start earning a little extra cash. This money can be used for all sorts of things, like starting an emergency fund, paying off your online loans, putting aside money for the upcoming school year, and much more.

When you’re able to incorporate short-term financial goals into your routine and budget, it can go a long way in helping you to stay motivated on your path to achieving your long-term goals. Using your summer efficiently is a great way to get started!

Can you think of any more reasons why a summer job might be a good idea for you? Share below!

Posted in: Lifestyle

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