Summer job? Improve your student finances throughout the year!

By Karin Slaattelid 8. May 2023

Give yourself the best financial opportunities for the next academic year. We teach you to manage your salary from your summer job in the best possible way!

Money, money, money

SSN's finance department gives you its best advice on how to plan and distribute your salary from your summer job, rather than blowing the whole amount just before the start of your studies!

In fact, there are some of us who have actually done that. And it's so fantastic to finally have a big chunk of money in your account. It's almost like they're asking to be used! Finally, you can buy those shoes, or go on that trip or buy that expensive food instead of the cheap ones you always buy... or?

Be strong!

Now here’s the bad warning finger: REMEMBER that you are still a student. Remember, there'll be an October, November and December to come... Think about how nice it would have been to have a little extra to spend in the rest of the academic year? Maybe you can indulge in something extra a little more often, instead of spending your entire income from your summer job on some full shopping bags, online shopping and a couple of trips?

This is when you have the opportunity to give yourself a slightly more roomy economy for the rest of the year! Be strong!

It's not too late to get a summer job!

The premise is that you’ve got yourself a summer job. If you don't have the job lined up, there are still opportunities.

... or ask family, friends and acquaintances - suddenly there’s someone who knows about a job.

Okay, how do you get the money to last through an entire academic year?

If you have a summer job lined up, you can now plan with much more ample means for the rest of the year. You do this by putting all the money you earn from your summer job into a separate account.

When you return to the start of the semester, you will see how much money you have managed to save up in your summer job account – and you also distribute this money over the number of months you are going to study.

Distribute your pay throughout the academic year

For example, you earn 20,000 from your summer job, and you are going to study from August to June – i.e. 10 months. 20,000 divided into 10 months will be NOK 2,000.

This is when you have to make an agreement with yourself that you are not allowed to take out money from this account, except for NOK 2,000 each month for 10 months.

You ARE allowed to take out a small reward

Of course, it is quite in order to take out a small pot from the summer job. You can indulge in something you want, after all you've made a real effort and have perhaps been doing it all summer.

Set aside a few thousand to buy something you want, a new outfit, workout clothes or something completely different that you dream about. But stick to your plan and think about how much easier the next year will be if, for example, you have an extra NOK 2,000 each month.

Make the most of your student finances >>

Set aside money for a little treat

An example: if you earn 22,000 – you set aside 20,000 on your summer job account, and the remaining 2,000 to enjoy and pat yourself on the back for a good effort throughout the summer.

Girls enjoying themselves at Kafé ÅTTE in Kongsberg
Cocoa with yummy topping

It is completely allowed to treat yourself to something! For example, something really tasty shared with a good friend <3

Make a budget

Good planning is key to simplifying both your private economy and life in general.

Now that you're being so smart and you're already doing good financial planning, we recommend that you get started with making a budget!

Here we teach you how to set a budget.

Lots of good luck with both the summer job and your student finances!

And hey - remember that there are some rules for how much you can earn to get a full scholarship, and that there is a limit on the exemption card ("Frikort"), if you have one!


Karin Slaattelid


Karin has worked for students at SSN for over ten years, has an above average interest in private finance and is passionate about teaching how students can make the best financial choices at an early stage.

She has an education in finance, and is responsible for SSN’s free offer of financial advice to students in Southeastern Norway.