Ways To Increase Pocket Money For College Students


Early are the days in your sophomore year. You are fresh, energetic, and have less to lose, enjoying more in that little pocket money is all we have.  And while you are living in your city or moving away, spending four years of college is definitely going to change your life. Most importantly, it prepares you for the rest of your life. 

College is tagged as the best time when you can start investing, the time when you can start using your pocket money for little investment purposes. In college, you can make some bucks with side hustles while continually focusing on your goals. This will give you a sense of how the real world works and make money but will open gateways for new connections and opportunities. 

To help you out, we have the top methods for college students for investing, from super safe to the bold. Productive ways where you can actually increase your pocket money by yourself.

Pocket Money For College Students


Investing in mutual funds is one of the safest investment options if you are starting fresh. These are a clubbed group of stock, bonds, and other securities. If you are new, start as small as Rs 500 or Rs 1,000 in an S&P 500 Index bond. 

Buying MFs requires you to make your portfolio and research the market for a good premium company that has a great history in stocks. Finally, when you start investing, you will be required to set a minimum monthly payment option and continue investing. 



Exchange-Traded Funds or the ETFs are the direct stock buying method. In it, you directly contact a stock exchange, particularly the National Stock Exchange, Mumbai, and buy any amount of stocks. This allows the simple allocation of the ETFs during your investing. 

The ETF prices could rise or fall, depending upon the market conditions. One important fact that makes ETFs a good investment is their low expense ratio. This means that you can skip out on high administrative or management fees and start direct funding. 


Go for Safer Investments

Going to safer investments allows you to invest the money as you want. It can be any amount in any amount of period for a fixed duration. If you have an X amount of money that you can’t afford to lose, students can start investing it safely. 

Buying a CD or a savings bond ensures that your investment is safe and delivers high-yield interests in return. When the time comes and your policy hits the maturity period, you can either withdraw your collection or revert it back again for the next tenure. 

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Robo Advisor 

Robo Advisor is a technical app or a website that readily analyzes the market and makes investment ideas for every type of amount. Robo Advisors offer investment ideas for equity and mutual fund trading. And the best part: they do not charge high brokerage fees. 

Groww, 5Paisa, ETMoney, FundsIndia, and ScripBox are some of the top-rated options which you should consider. If you are new and want to rug off any tension from your shoulders, Robo Advisor is one great option for you. 


Open an IRA

Going with an Individual Retirement Account as a future plan this early might sound disgraced, but when you come to know its value, it finds safer returns and low-risk management. It is, by far, the cheapest and most valued returns of all. 

Opening an IRA under any government or private scheme is the best option to save your money on taxes if you have a fixed income. IRA ensures a strong allowance for investing in other sectors including real estate, stock market, or a lump sum amount at the age of 60. 


Here are our top five recommendations for every college student who wants to invest and therefore, add little much to your pocket money. Keep in mind that every investment that is mentioned above has its own pros and cons. So before making such investments, make sure you read all the terms and conditions carefully. 

ALSO READ:How to Raise Capital for Your Startup?

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