You are a first year student studying at Gain$ University
which is quite a way from home. Mum and Dad have given you $200 to start
the year off and you also have some savings. In total you have $1000.
Now you have to choose your living situation:
Continue to live with Mum and Dad ($0)
Rent a house close to the University ($200 per week)
Flat in a house close to University with friends ($100 per week)
Live in the University Dorms ($200 per week)
Now you need a source of income to pay all your financial needs. Think carefully about how much time you will be giving up and how much money you will be making in return.
Choose your option:
Apply for a student allowance (+$120 a week based on your parents' income)
Work at local restaurant on min wage 10 hours a week (+$150 a week)
Tutor high school students for $20 per hour, 2 students each for 2 hours(+$80 a week)
I don't need a source of income, I will just see how it goes ($0)