What is a Side Hustle, and Why do You Need One?

A side hustle is starting a small business on the side of your full-time career to make a small amount of extra cash each month. Do you need one? Not always―but it’s a great way to make money, enjoy a hobby and explore your other interests.

Every month we should be calculating what we make on average and what we spend. Most of us would ideally like to save more than what we already do, and that is where a side hustle comes in. Overspending each month leads to debt, which leads to bigger issues. If making an extra $100 a month is going to help us live within our means, why not try?

Many people who are heavily involved in personal finance often boast about the freedom of a “side hustle.” If you can be paid to partake in a hobby, it is definitely worthwhile.

Here are some side hustle ideas to get you thinking:

  • Blogging
  • Baking
  • Coaching
  • Refereeing sports
  • Tutoring
  • Selling products
  • Serving/bartending
  • Landscaping (mowing lawns, shoveling snow, gardening, etc.)
  • Freelance writing
  • Dog walking
  • Pet sitting, grooming or waste removal
  • Babysitting
  • House sitting
  • Upcycling
  • Driving for services like Uber/Uber Eats, SkipTheDishes, DoorDash, etc.
  • Renting a spare room on Airbnb
  • Virtual assistant
  • Cleaning houses
  • Washing and detailing cars
  • Personal training
  • Proofreading/editing

Money Tips

October 8, 2021

COVID-19 Alberta: Financial FAQs and Resources

Read More
October 4, 2021

Reminder: You Are Not Your Money

Read More
September 7, 2021

Top 10 Money Mistakes Couples Make

Read More
August 5, 2021

The Cash-Only Budget

Read More

Book your FREE Financial Needs Assessment or School Presentation today!