I have taught and coached for 38 years at every level of education. During this period of time, I became financial savvy in many areas. This article will give you five ideas that can help your out financially, as a teacher.
Free Time and Summer Vacation
Teaching is one of those few professions that has a holiday for every calendar event. Most schools take a 12 week break during the Summer. This provides a good opportunity to make some extra money. Instead of vacationing and spending money, use this time for a second job. I worked with a roofing company for several summers and made some extra money.
Exploit your Degree
There are many opportunities to travel over seas with touring groups. You teach, while you travel. There are areas of this for art, history and foreign language. Some touring companies just need chaperons. They prefer teachers, because they can handle large groups of children. Many companies pay you plus give you a free trip. You can find a list of sites at www.edinformatics.com. They even set these up for winter breaks, too.
Promote Your Knowledge
Many teachers can make extra money by promoting ideas from their educational experience. They can do this by writing articles for teaching journals. You can find a number of journals at www.world-newspapers.com. All periodicals differ in how they pay. Check out the particulars before getting involved.
Government Help for Teachers
There are programs that help teachers with buying a home. The Teacher Next Door program is a good example. It is set up by HUD to help educators with buying a home. Some States also have programs that help teachers in other ways as well. Check with your local education office for ideas.
Performing a service like tutoring can make you extra income. You can even do this long after you have retired from regular service. A good thing about this is that you can set your own rates. Children, that are hospitalized for long periods of time, need a visiting teacher. This is usually done after regular school hours.
Extra Financial Ideas
Many retirement plans are based on over all salary. You can increase your salary by taking on extra jobs, that are school related. Extracurricular activities like coaching ans sponsoring can add a paying stipend to your salary. School districts like to stay within, instead of hiring outside individuals. You can win two ways doing this. First, you get a higher salary. Second, you are advancing your retirement salary.
Many schools cover different forms of insurance as well. You can get your medical, dental and life insurance paid for by the district. This can mean big savings over time.
There are also perks to be found. Many companies and businesses have small grants for educational supplies for teachers. You just need to do your research. Pay attention to what other teachers are doing. Contact various companies and see what they have to offer.
From time to time, other financial opportunities will pop up, in the field of education. You just have to decide if they are what you want to do.