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Educating yourself is important if you want to improve your potential to earn a higher income through your existing job or another career.
For many students and employees, studying is undertaken while working, which makes time-management skills essential. Both areas can suffer if you don’t get the balance and planning right, so here are six tips to help you juggle them successfully.
Have a clear goal, and understand why you are putting yourself through your tough study-and-work regime!
Written goals are easier to achieve because they give you a clear target, and can be broken down into bite-sized goals that all lead to your desired end result.
Renowned artist Pablo Picasso once said that goals could only be reached through the vehicle of a plan, and that there was no other route to success.
Too much focus on either your work or your study can see effort in the other one slip, so it pays to devote effort to both equally. It’s no good getting a perfect grade if you get the sack, or vice versa.
Always try to set aside some time for your recreation and wellbeing, even if it is only 30 minutes or one hour a day.
While your working hours may vary, you often have more control over how much you study.
A written plan outlining your aims for the week, and how long they are expected to take, will help you focus on achieving study goals. Just like with your overall goals, break down big projects into small, manageable bites.
There is Federal Government help for students to ease their financial burden, which may allow them to reduce some working hours to focus more on study.
Government payments such as Youth Allowance, Austudy and Abstudy pay recipients a fortnightly amount, but be aware that they are means tested depending on your assets, income and your partner’s income if you have one.1
There also is an interest-free higher education loan program, FEE-HELP, but it comes with a hefty 25 per cent loan fee for undergraduate courses.2
No, that doesn’t mean taking yoga classes, but it does mean trying to work with your boss and your place of study to make sure schedules do not clash.
There is no set figure around how much paid work is too much for full-time students to handle, but be realistic about your capacity to achieve good results in both fields.
Juggling is much easier nowadays with many of Australia’s largest universities offering online degrees, and other education providers delivering a wide variety of online courses.
Taking this path is only suitable for those with the motivation and self-control to avoid being side-tracked by everything else that inhabits our online world!
If you’re new to the workforce, you might also now be new to superannuation. QSuper has plenty of information to get you on the right track. You can learn more about the basics of super, learn more about QSuper’s insurance products, or our investment options or simply log in to Member Online to check out your own account.
1 Department of Human Services information about personal income test for Austudy and Youth Allowance, accessed April 2017.
2 MoneySmart guide for students, accessed April 2017 www.moneysmart.gov.au/life-events-and-you/under-25s/studying/help-from-the-government.
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