Pooja Daim

Unable to fulfill your expenses? Don’t want to bother your parents with your expenses? Check out these exciting staple sources of income that you can start from today. As a teenager, you are full of excitement, passion, and conviction. It is an age of zeal and enthusiasm. But at the same time, you have started a plan for the future and are willing to make it true, which is why you are focused on searching for a staple source of income. Additionally, earning your own money helps you acquire important life skills and teaches you financial responsibility. However, you may be aware that teenagers are not allowed to get employment in many countries. But, don’t worry! In the twenty-first century, teenagers have lots of options for earning money and fulfilling their dreams. So, let us teach you how to make money as a teenager. 5 Best Staple Source of Income for Teenagers  It’s not difficult for teenagers to make money. By experimenting with several possibilities and determining what suits you the best, you may begin to develop a reliable source of income and acquire lifelong skills that will be beneficial. So, to know how to make money as a teenager, check the given staple source of income ideas. Staple Source of Income: Start Performing Traditional Tasks We know, as we mentioned, that teenagers are not allowed to do full-time work. No one offers you a full-time job. Still, you have the opportunity to earn money by helping others and earn a decent amount as per your work. Traditional jobs like babysitting, pet care, cleaning, tutoring, etc. you can try and start to earn a staple source of income. To find such a job, you can ask family and friends or look in your locality. You can also participate in summer jobs during your vacation. To earn a few bucks, you can do household chores around the neighborhood. In exchange for money, you can walk the dog or help the elderly neighbors, wash cars, or do yard work. Simply look around you, and you will get lots of ideas about how people of your age earn money. If you live in a big city, you will have plenty of earning opportunities. All you have to do is little effort! Staple Source of Income: Participation in Internship  For teenagers, an internship is a great way to gain experience as well as earn some cash. Some educational institutes or agencies always need assistance. Many agencies prefer interns to smooth out their workflow to save money. Look out for internship opportunities in your desired field. Some internships are also available online and require only a few hours of work per day. It gives you invaluable exposure to a specific field. In the internship, you get to know how to work in the real world. It provides you with more practical experience and will benefit your career. Talk to your family, friends, and teachers about internship opportunities for you. Search for internship opportunities on LinkedIn or other online platforms. Finding the right internship takes time, but in the end, it provides you with a steady source of income for a few months. Staple Source of Income: Monetize Your Talent In today’s digital age, there are numerous platforms for you to showcase your talent and earn money. You may have heard about well-known bloggers and vloggers who make a lot of money while also becoming famous. The online platform offers a great opportunity to earn a good amount of money. If you have a passion or skill that you can demonstrate online, it could be a reliable source of income. You would also like to watch videos of cooking, dancing, and informative videos. Same as you can create and start to monetize your skills. Starting a YouTube channel does not require a lot of gadgets or technical knowledge; you can do it with your smartphone. Surely it does not earn you money instantly, but YouTube helps to generate a staple source of income in the long run. All you need to be consistent and offer good value to viewers. Along with YouTube, you should also try other social platforms to monetize your talent. Teenagers have no restrictions when it comes to making money on YouTube. If you enjoy writing and are familiar with computers, blogging is an excellent option for you. Here, you are required to create a website or choose a blogging app to write articles as per your niche. It is also a long process and requires technical skills to manage the website. Freelancing: Contributes to Other Projects As a teen, you have the opportunity to work as per your schedule. Many people run online or offline businesses and are constantly in need of freelance content writers, graphic designers, video editors, programmers, and social media managers. However, you should have gained sufficient knowledge and experience in certain areas. There are a few popular websites from which you can enter the freelancing world, such as Fiverr, Upwork, and Freelancers. Remember, it also holds a competition; as a beginner. It will take a few weeks to get the first order on such platforms with consistent efforts. Sell Online: Build Skills in Entrepreneurship As a teenager, you can also try your hands at selling stuff online. You can sell your handmade items online and earn some income. Online platforms like eBay, Amazon, and Etsy can help you sell handmade products in any niche. Homemade stuff such as candles, soap, candies, knitted clothes, and accessories is easily sold online. Of course, it is not a quick way to earn money, but in the long run, online selling can be your staple source of income. Please note that initially, you will struggle with managing the online store and other aspects. As you get trained, it becomes smoother for you to handle everything. For online selling, you can try your hands at affiliate marketing, reselling, and dropshipping. Start thinking like an entrepreneur and look around for the opportunity to earn. … Read more

Are you an international student and finding it difficult to get a car loan? Not only YOU, but there are many students, even domestic ones are unable to apply for car loans for students. The reason is quite known, you are not earning, you don’t have a credit history, and most importantly you’re not a citizen of the USA. So, how can you manage to take a car loan? Well, in this comprehensive guide, we will uncover all the possibilities for you to take an auto loan. So, without wasting any second, let’s explore car loans for students. Car Loans for Students: Are you eligible? Before going in-depth about car loans for students, it is important to consider whether you are eligible or if a college student can get a car loan. So, the answer is YES! Students can get a car loan. Some financial institutions provide particular student auto finance options to cater to college students’ specific demands. However, whether you finance a new or used car or lease one, students must meet certain criteria before a financing firm can approve your loan. Consider your credit score, income, whether you have saved for a down payment, whether the loan terms are within your budget, and whether having a co-signer increases your chances of getting your student vehicle loan accepted. The Basic Requirements You Need to Fulfil for Car Loans for Students In the USA, the very important thing you need is a driving License. As an international student, it bit complicated but you can take it. Here are the three important things you must have: Driving license Car insurance Car loan Other documents you need to apply for a car loan: A letter of employment Valid & acceptable Visa Proof of lawful presence Payment proof Finance qualification form Types of Car Loans for Students There are multiple types of car loans available for students: Banks and credit unions offer traditional car loans, which are based on your credit score, income, and other financial variables. Dealerships frequently provide Buy Here, Pay Here (BHPH) loans to those with bad or no credit. However, they are frequently associated with higher interest rates and less attractive conditions. Some lenders specialize in loans for students, and they may consider a student’s unique financial position. They may provide more flexible terms or lower interest rates. Where to Search for Car Loans for Students? The next and most important query you must have in your mind is- where to search for car loans for students. So, here I am sharing a few institutions that may help you. 1. School Affiliations As a student, you may find car loan alternatives from a variety of sources, including your bank, a car manufacturer, or an internet lender. However, one of the best locations to begin exploring is your school. Yes, you heard it right! In some circumstances, financial institutions work with schools to provide unique loan offers to students. For example, USC Credit Union is affiliated with the University of Southern California (USC) and permits current USC students to become members. Members can then obtain financial services such as car loans. 2. Banks and Credit Unions Some banks and credit unions have programs that help students afford vehicles. These colleges offer car loans for students programs, such as those offered by Provident Credit Union, which may have flexible eligibility conditions, such as a low or no credit score. Credit union vehicle loans, in particular, offer some of the lowest interest rates available. According to the Credit Union National Association (CUNA), the median rate for a $40,000 car loan from a credit union with a six-year term is 10.27% for borrowers with low credit. On the other hand, the interest rate on the same type of loan at a bank might be as high as 17.21%.  3. Car Loans for Students Dealerships Another option for obtaining a car loan is to go through a vehicle manufacturer, as certain major automakers provide special student financing. Keep in mind that these offers are usually limited to specific vehicle models, and not all manufacturers provide student auto loans. A few examples are: GM College appreciation offers $500 off. Ford College student purchase program offers bonus cash of $500. Honda Financial Services offers $500 off toward a down payment. KIA also offers a happy KIA first-time buyer program. Challenges You May Face While Getting Car Loans for Students Students frequently encounter a variety of challenges, ranging from low credit history to restricted budgets. Let’s explore in-depth: 1. No credit history One of the most difficult challenges for students is a limited or non-existent credit history. Lenders rely largely on credit scores to determine your ability to repay loans. Without a strong credit history, you may struggle to qualify for a car loan or be limited to loans with higher interest rates. Building a credit history takes time, and as a student, you may not have had the chance to create a good credit score. 2. High Interest Rate Even if you qualify for a car loan, students typically pay higher interest rates due to their short credit history and low income. High interest rates can considerably raise the total cost of the loan, making it more expensive in the long run. This can also result in larger monthly payments, straining your already limited budget. 3. Poor Income As a student, your income is probably limited, which can be a considerable barrier when applying for a car loan for students. Lenders often want to see a consistent and sufficient income to ensure you can make your monthly payments. If you work part-time or get financial aid, your income may not exceed the lender’s requirements, making it difficult to obtain a loan. 4. Need for a co-signer Because of the limitations of low income and little credit history, many students require a co-signer to obtain a car loan. A co-signer, usually a parent or guardian, agrees to be responsible for the loan if you fail … Read more

Are you running out of cash? Do you need funds to repay your house rent, bills, and so on? Apply for a Navy federal Personal Loan today! After the coronavirus, many people are still struggling with jobs and looking for ways to fulfill their daily requirements. If you are also one and belong to the Navy group, then don’t worry! Navy Federal Credit Union offers Navy Federal Personal Loan, which is designed to accomplish various financial needs. It offers a flexible and cost-effective option for individuals who are in the military, work for the Department of Defense, or are a family member of a military member. In this blog, we will learn in-depth about Navy Federal personal loans, including their salient characteristics, advantages, and application procedure, to help you make the best choice possible and reach your financial objectives. Without further ado, let us get started! Navy Federal Personal Loan Overview For members in need of cash, Navy Federal Personal Loan provides a reliable and flexible financing option. NFCU (National Federal Credit Union) offers a unique approach to military employees or their family members to accomplish their financial requirements at affordable loan rates and flexible terms. Let’s see the below table to analyze: Loan Amount $250 – $50,000 Fees $29 Repayment Terms 1-5 years, can be increased up to 15 years for a home improvement loan. Minimum Credit Score Not mentioned on the Site APR 7.49%-18% Minimum time to get funds Same Day once it’s approved Loan Availability 50 states and Washington DC. Bank rate Score 4.4/5 in terms of availability, affordability, transparency, and customer experience.   If you fit with the requirements, consider checking out a Navy Federal Personal loan to achieve your financial goals. Navy Federal Personal Loan Requirements According to Navy Federal, there is no minimum credit score criteria and its loans are open to borrowers with a variety of credit situations, including those with thin or poor credit histories. To apply, you have to be a Navy Federal member. Before you apply, we recommend you cross-verify the below details: Credit score and financial history– If you have a higher credit score then there must be higher eligibility to get approval. Income- NFCU doesn’t list any specific requirements on its site but it does review your income when you apply. Check your Budget– Check your cash flow by looking over your budget to see how the loan’s monthly payments affect it. Save your Documents– Navy Federal may ask for photo identification, such as a passport or driver’s license, in addition to documentation of income, such as a pay stub or tax return. Seems fit with this criteria? Scroll down and understand how you can apply for this. Pros and Cons of Navy Federal Personal Loan  Before considering this loan, it is a must to identify its pros and cons. Pros: Same-day funds will be transferred to your account. You can submit your application as a single or co-applicant. Get APR under 18%. You may extend repayment terms of up to 84 months for a home improvement loan. Cons: Available only for military employees or their families. You should become a member of NFCU. The rate of interest and terms can vary depending on loan usage. Who Can Take the Benefit of Navy Federal Personal Loan? The ideal candidates for Navy Federal personal loans are those who work for the Department of Defense, are active-duty military personnel, are veterans, or are the families of armed forces personnel. To apply to become a member of the Navy Fed, you have to be a member of one of those groups. With Navy Federal’s $250 minimum loan size, it can also be a smart choice if you only need a little loan. However, if you’re searching for an unsecured personal loan greater than $50,000, Navy Federal won’t be your best bet. Additionally, you’ll need to think about choosing another lender if not submitting a prequalification application is a deal-breaker. Navy Federal Personal Loan Application Eligibility and Process To become eligible for the Navy federal personal loan, NFCU follows the below criteria: Active duty, retired, and veteran personnel of the Armed Forces. Civilian staff employed by the Department of Defense. Relatives of current members. Minor membership. If you meet the eligibility points, then start your application by following the given steps: Step 1: Fill Out Application Form Depending on your loan purpose, you can fill out a loan application form available online by visiting the NFCU official website or visiting a nearby NFCU branch. Step 2: Confirm your Application Once you fill in the basic information, your second step is to confirm the details via documentation such as bank proofs, pay stubs, etc. Note: Navy Federal does a hard check on each proof, so don’t try to put false information over their portal. Any wrong information will immediately decline your application. Step 3: Credit Check After documentation verification, the Navy will perform a credit check to understand your reputation in the market. If your score falls above the criteria, you may get approval quickly. Note- Before applying loan make sure your credit score is above 700. Step 4: Loan Application Status When NFCU checks your credit history, documents, and other legal patterns, you will get an approval message including the amount and rate of interest. Step 5: Fund Disbursement Once you agree with the loan amount and its terms and conditions, your loan amount will disbursed immediately. What makes the Navy Federal Personal Loan Stand out? Comparing Navy Federal with other lenders such as Light Stream and Upgrade, it offers higher affordability and long tenure along with transparency. Besides it has excellent customer reviews with a rating of 4.5/5 on Trustpilot and 1.47 out of 5 on the BBB (Better Business Bureau). This probably reflects the fact that consumers are highly satisfied with the National Credit Union. However, it’s also crucial to remember that Navy Fed’s other products, such as mortgages and home equity loans, are mentioned on these websites. While … Read more