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How do you supplement your income?

I am concerned that I will struggle financially with a teacher's salary. #school #financial-planning

school financial-planning
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Katie’s Answer

What a great career field to be going into and can I say how impressed and happy I am that you are already thinking about your financial stability! I assisted with the education department on my campus for a while during college and have a number of friends and family who are teachers who have the same concerns. Below are some things that worked for them. One thing I have heard a few of them say is to try to find something that is different from what you do during the day so you are not getting burned out by doing something similar all day, every day. I did include a few things that are similar below so you have options, but if you can, keep your passion for teaching fresh by varying your supplemental work. Best of luck finding things that work for you!

1) Look into teaching jobs that will pay off your student loans with a dedicated amount of time spent teaching in that position. Certain schools and school districts will pay off student loans after a set amount of time. These can include schools in lower income areas, but are not isolated to those. The positions can be something you may not have considered before and can be incredibly rewarding.
2) Tutoring in your local area or through online forums.
3) Coaching sports through your school
4) Assisting in after school education programs, summer school, weekend programs.
5) There are increasing numbers of flexible part-time jobs where you sign up for the shifts that work for you. Amazon Flex is one example and other businesses are moving to this model of staffing. You can also speak to local business owners to identify their staffing needs. Can they utilize you in a flexible manner?
6) Remote part-time positions. You can do translation, coding, customer service, tutoring, and a number of others. Google search "part-time remote positions" and you will find information. One note with this is you may want to add "nationwide" to your search as well so it is not giving you remote positions solely based out of the area you live in.
7) Do you have any hobbies that you can turn into a money maker? Photography, writing book reviews, crafting, painting, etc.
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Ron’s Answer

Being a teacher is a very honorable job. There are many things that you can do to offset a potential tight budget that would allow you to have the career that will make a difference in the lives of all of our children. I would encourage you to consider the following strategies:
1) Find a roommate(s) to share in living expenses.
2) Have the teaching job pay you over a 12 month period which will allow budgeting to be more consistent & alleviate income surprises.
3) Teach during the summer months for extra income
4) There are many online sources for tutoring that can bring in additional income year round.
5) You can advertise you skills in tutoring within local publications for additional money year round.
6) If you have any athletic knowledge or abilities, you may be able to coach various programs at the school throughout the year and earn stipend money.
7) You can network yourself with friends & family that may know people within companies that may need your skillset to train in certain academic areas within these companies.


If these strategies can work for you, I encourage you to look at trying to implement one, some or all of them which will allow you to live without any financial burden. Who knows where these alternate income sources may lead to in the future.


Again, this is a very good question, but I believe the financial challenges can be met with very sound strategies to overcome this.


Good Luck & thank you for serving our kids.
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