Tag: Side Hustle

 

6 Top Seasonal Side Gigs to Earn Money During the Holidays

By Kat Tetrina

The holidays are quickly approaching, which means there are presents to buy, meals to cook, and parties to attend. 

Sounds great, right? But if you’re short on cash, all of those festivities can leave you feeling less-than-jolly. In fact, according to the National Retail Federation, Americans plan on spending $1,007.24 on holiday expenses, on average. 

If coming up with enough money to cover your holiday expenses sounds impossible, don’t despair! There are plenty of side gigs that can help you earn extra money during the holidays. 

What are side gigs?

Side gigs are a way to earn extra money without committing to a regular schedule with an employer. 

With a side hustle you work when it’s convenient for your schedule, and you decide how many hours you work. The best part: Side gigs are scalable, meaning you can work more when you need money, and take a break when you’d prefer to rest. 

You can use your earnings to pay for your holiday expenses, or you can even get a headstart on your New Year’s resolutions by starting an emergency fund with your side gig income. You can also stash your side gig income into a new savings account and watch it snowball during the holiday season. 

6 ways to make extra money during the holidays

The winter season is the perfect opportunity to earn extra money. There’s a lot of demand for help, so you can make money quickly. Here are six great ways to make extra money during the holidays.

1. Pet-sit 

Because so many people travel during the holidays, there’s serious demand for pet-sitters. If you love dogs and cats, you can make extra cash while snuggling cute animals. You can find work through sites like Rover and Wag, or you can find your own gigs. 

According to an interview with a Rover representative last year, part-time pet sitters make $1,000 per month, on average.  

Stephanie Gatewood is a seasoned pet-sitter who makes even more than that. Her monthly income fluctuates throughout the year, but the holiday season is her busiest time. On average, she earns $36 per hour thanks to her efforts to streamline her business.

“Limiting my service area to a single fairly wealthy neighborhood close to my house was the key to maximizing my hourly rate since I didn’t waste time or gas driving all around town,” she said.

“I worked hard to ‘wow’ my clients by sending them text updates and photos and leaving them welcome home cards. Once I had a few clients, they recommended me to their friends and neighbors.” 

2. Wrap gifts

On average, Americans spend about three hours wrapping gifts. That kind of time can make anyone sympathize with Scrooge. 

But if you have a knack for gift-wrapping, you can turn that skill into Christmas money. You can advertise gift-wrapping services in local community groups on Facebook. However, you can also land a part-time job with major retailers. Many businesses, including Bed Bath & Beyond, Nordstrom, JCPenney, and others offer gift-wrapping services in their stores and hire staff for that task. Gift wrappers can make between eight and $15 per hour. 

3. Assemble toys or furniture

How to make money during the December holidays? Become an assembly master. 

Parents buy toys for their children, or they have new furniture to accommodate holiday guests. These things are often complex and time-consuming to put together, making it a perfect opportunity to make some money. 

If you’re good at assembling Ikea furniture, or know the ins and outs of the latest toys, you can make up to $140 per hour. There’s no need to find gigs on your own. You can sign up for a service like TaskRabbit to find customers near you. 

4. Rent out your space

If you have family visiting or are planning on traveling to visit your in-laws, you’re not alone. According to AAA, 112.5 million people were expected to travel last year

What does that mean for you? Easy money. 

If you’ll be away for the holidays, or if you have a spare room, you can rent it to other holiday travelers on sites like AirBnB or VRBO. Renting out your home or a spare room can be a great source of income. In a survey done by Earnest, researchers found that people make $924 per month with AirBnB, on average. 

For Kyle Kroeger, owner of Financial Wolves, AirBnB is a great source of extra cash. He earns $500 to $1,000 per month from the site. 

“I had empty space in my house, and it simply felt like wasted dollars,” he explained. 

“My house has a great setup for separate entry and divided space for renting on AirBnB. I was eager to try it to see what all the rage was about. I ended up being addicted to having renters. It’s a great way to make additional cash flow from an asset that you already have.”

5. Sell stuff online

If you’re looking for holiday cash, one of the first places to start is in your own house. According to Sella, a company that helps customers sell their items locally, the average U.S. household has over $7,000 of unused stuff in their homes

If you have old clothes, books, electronics, sports equipment, or toys, you can turn that clutter into cash:

For Daniella Flores, a self-proclaimed serial side hustler, selling things on eBay was profitable. She made between $750 and $2,000 each month by selling items online. 

“It (selling on eBay) is flexible, can be done from home, and with little manual labor unless what you are selling needs repairs,” she said. 

Once you run out of your own items to sell, you can also flip thrift store and garage sale finds for profit. For new sellers, Flores recommended you do some homework. 

“Do your research for what is in demand and look at price ranges on eBay to price your items,” she said. 

“You want to aim for stuff that will make 50% to 100% profit when sourcing items.”

6. Deliver groceries

Everyone is busy around the holidays. They need to shop for presents, decorate their homes, finish up work, and get ready for visitors. If you’re wondering how to make money in the winter months, one of the best ways is delivering groceries through a service like Shipt or Instacart

As a shopper with these companies, you can accept grocery orders through their apps. You’ll go to the grocery store, pick up the items the customer requested, and then deliver them to the customer’s home. You’ll get paid per order, and you can also receive tips. 

According to Shipt, experienced shoppers can make up to $22 per hour and are paid on a weekly basis. You can also get paid through your online bank account

Saving your hard-earned cash

Don’t let a lack of money ruin your holiday spirit. If you have some extra time, you can earn money with these lucrative side hustles. You can use your money to enjoy the holidays without going into debt. 

Just remember: don’t run yourself ragged working all season just to buy fancy presents. Take a break and enjoy the holidays and time with your loved ones — no money required. 

 

Low Effort Ways to Get Extra Cash For The Holidays

By Chonce Maddox

Wondering how to make extra money for the holidays? 

A popular recommendation you might hear is to get a part-time or seasonal job. While this is common, it also requires a lot of work. You may have to commit to a schedule that conflicts with your primary job. Or worse yet, you could be asked to work extra hours over the holidays – taking you away from important family time.

Simply put, a second job with set hours may not be the best way to earn extra Christmas money. Luckily, there are several other low effort ways to make some quick cash for the holidays. 

These flexible ideas will help you earn more in your spare time so you can afford all your planned and unplanned holiday spending. Take a look.

Sell Items From Your Home

Selling items you no longer want or need is a low effort way to make some quick cash. Plus, you can get rid of your clutter. 

So, take a look at items lying around your house that you can sell online to generate money for the holidays. Consider selling things like clothing, furniture, electronics, home decor, toys, etc. You may even find gems from friends or family to sell. 

Recently, I stopped by my mom’s house and she was about to throw out my brother’s gaming chair since he’s getting a new one for Christmas. I offered to take it so I can sell it online. They didn’t mind at all. 

You can sell items quickly using resources like Facebook Marketplace and OfferUp. Just remember to be safe and only accept cash transactions. Also, bring a friend with you and meet buyers in a public area if you don’t want to share your address. 

 

Deliver Food

Food delivery apps like DoorDash have become extremely popular. What’s nice is that these apps provide you with an opportunity to earn money by delivering food locally. 

These apps pay weekly, and you can set a goal to earn $100 or more per week during your spare time. 

Charge Electric Scooters

If you live in a city that offers Bird or Lime scooters, you can charge these scooters to earn some quick cash for the holidays. Use the apps to locate scooters in need of charging. Pick them up and charge them in your home overnight, then put them back on the street for usage the next day. 

This is a super easy side hustle that can even be paired with another extra stream of income. 

Take Surveys and Complete Short Tasks

Taking surveys online won’t make you rich, but that shouldn’t be a problem if you’re just looking for a quick way to make some Christmas money. 

Survey sites like Pinecone Research and Opinion Outpost pay cash for each survey you take. Or, you can receive gift cards which can be convenient for holiday shopping. Sites like Survey Junkie, Swagbucks, and MyPoints are also great options. 

Swagbucks and MyPoints will reward you for completing short tasks like watching videos, playing games, shopping online, finding deals, and even searching the web. Log on to any of these sites during your spare time (even when you’re watching TV) and earn extra cash easily. 

Most survey sites allow you to join as long as you’re 13 or older. This means teens can sign up as well and earn some extra money if they’re looking to get holiday gifts for the family. 

Start Pet Sitting

If you love pets, consider walking dogs or pet sitting to earn cash for the holidays. Walking dogs in the area is also a great way to exercise and get to know your neighbors. You may need to network and ask around to start finding clients, but you can also set up a profile on Rover to advertise your services. 

Rover allows you to choose which services you wish to offer, set your own rates, and communicate safely with pet owners online. On average, you can expect to earn $15 to $20 per walk and $30+ per night for pet sitting.

Since many people travel during the holiday season, you may be able to score quite a few pet-sitting gigs. 

 

Advertise with Your Car

Drive quite a bit? Whether you have a commute to and from work or find yourself running errands, advertising with your car can be an easy side hustle. 

That’s right. Some companies pay you to put temporary advertisements on your car. These ads are easy to place and remove. You must have car insurance and drive a certain number of miles each day or week which makes this an ideal opportunity if you have a daily commute. 

Although advertising with your car can’t replace your salary, you can expect to earn anywhere from $100 to $400 per month depending on your location, the length of your commute, and the particular advertising campaign. 

 

Trade Stuff in for Amazon Gift Cards

I had no idea you could do this until last year. I was actually price-checking my son’s video game to sell it online when Amazon offered to buy it from me for a reasonable price. 

I opted to receive an Amazon gift card credit and mailed the video game to them. That was it. Amazon’s Trade-In program will allow you to exchange your existing Amazon devices, electronics, books, video games, and more for Amazon gift cards.

 

Other Fun Holiday Side Hustle Ideas

Feel free to think outside of the box when it comes to finding your ideal holiday side hustle. You may want to focus on income ideas that require very little time and energy from you. 

Or, you can choose to monetize some of your hobbies and skills. Sometimes, working on a passion project doesn’t really feel like work and these often become the best income streams. 

Here are some additional ideas to get your creative wheels turning. 

  • Sell some of your creations. If you are crafty, now is the perfect time to promote some of your items to sell on sites like Etsy or at craft shows. Think customized gift baskets, knit sweaters and outerwear, and even fun home decor. 
  • Wrap gifts. If you enjoy wrapping gifts, see if you can offer this service for others. Perhaps you can apply for a gift-wrapper position in a store or ask around to see if friends and family will pay you to take this task off their hands. 
  • Test websites. Sites like UserTesting and UserFeel will pay you to check out certain websites and review them. Generally, you can earn $10 per 20-minute video review. 
  • Focus groups. Get paid well for your opinion by participating in local and online focus groups. Sites like FocusGroup.com, Respondent, and MindSwarms will pay you to share your opinion and experience regarding different subjects. You can expect to earn anywhere from $100 to $250+ on average for an hour of your time spent at a focus group. 
  • Become a brand ambassador. Get paid to pass out samples and promote different brands at stores and events. Brand ambassador gigs are popular during the holiday season because more people are shopping. Shifts are often flexible and short so you may only be expected to work two to four hours. Search on Indeed for brand ambassador jobs near you and expect to earn $15 to $25 per hour. 

 

Start Taking Steps Now

How well you do financially during the holiday season all depends on your ability to plan and prepare in advance. To get going, create your holiday budget and figure out what your finances will look like over the next few weeks. 

If you feel you could benefit from earning some extra income and want to work a flexible side hustle, start narrowing down your options and create a plan to earn more money for the holidays. For ideas, just refer back to this list. Then, take action and launch your holiday side hustle!

 

 

6 Summer Side Hustles That Can Help You Earn $1,000+

By Rebecca Lake

Links to external websites are not managed by Chime or The Bancorp Bank.


Did you know that, while everyone else is booking vacations or fighting the summer FOMO, you could be earning money? Indeed, starting a summer side hustle can put some extra cash in your pocket by the fall.

The question now becomes: Which summer side jobs have the most profit potential? Luckily for you, we’ve put together a list of six ways you can fatten up your wallet (and potentially your savings account) before Labor Day rolls around. 

1. Deliver food 

Food delivery has gone beyond just pizza these days. Companies like DoorDash hire drivers to deliver orders from partner restaurants. 

It’s one of the best summer side gigs you can try, says Deacon Hayes, financial expert and founder of Well Kept Wallet. 

“It’s a great way to earn $1,000 or more during the summer. You can roll down the windows and listen to music while you drive and the work is easy,” says Hayes.

DoorDash offers drivers a guaranteed minimum rate of $10 per hour but that could easily grow if you factor in tips. If you were to earn $15 an hour, working 20 hours a week you’d make $300 before taxes. After just a month of that, you’d hit the $1,000 earnings mark. 

Hayes says the best way to boost tips is by building a rapport with regular customers. 

“This makes it more likely they’ll choose you, if given an option, and tip well in the process.”

2. Sell off unused items

Clearing out your garage, attic or basement probably isn’t on your summer bucket list. But maybe it should be if you want to make some extra cash. 

“Have a huge clear out – wardrobes, garage, bookshelves, video games, etc. and concentrate on off-loading everything,” says Ben Taylor, founder of HomeWorkingClub.com

“It’s a simple hustle and anyone can do it, and you get to declutter and simplify your life at the same time.”

If you’re looking for places to sell your items, here’s a short list:

Look offline for places to sell as well. Thrift stores, consignment shops, antique shops, flea markets, used bookstores – all of these could be a gold mine for selling unwanted items that are still in good condition. Better yet, you can score an easy $1,000. 

3. Become a kids’ yoga instructor

Teaching yoga to kids over the summer is a good way to find your zen – and extra dollars. 

Getting certified to teach yoga may be easier than you think. Take it from Robyn Parets, the founder of Pretzel Kids. This growing kids yoga company offers a self-paced, fast-track online yoga instructor certification for moms, fitness fanatics and others interested in teaching yoga to kids. 

“In the summertime, our teachers work at summer camps, as well as teach classes in parks and recreational programs,” Parets says. 

“They also lead birthday parties, perhaps the most lucrative opportunity as they can typically charge $300 or more per party.” 

Getting certified in just 10 hours and booking one party per week over the summer could easily earn you $1,000 or more. And if it turns out yoga is your true love, it’s a summer side hustle that can carry over to fall. Just think: You could grow your kids yoga business substantially by teaching after-school classes, preschool classes or getting teaching gigs at your local recreation center or gym. Of course, you can also continue running Pretzel Kids birthday parties around your schedule. 

4. Be a dog walker/pet sitter

While dog moms and dads go on vacation, they may not always take their four-legged friends along. Boarding dogs is one option but hiring a dog walker or pet sitter can be less stressful for pets and their owners. This is a prime opportunity to make some money over the summer.

You can offer your services as a dog walker or pet sitter directly to people you know or advertise locally. Setting up a profile through a site like Rover is another option.

Rover connects dog owners with people in their local area who can care for them. According to the company’s website, you can earn up to $1,000 month, just for keeping someone else’s pets company. You’ll need to apply and pass a background check to get approved as a Rover sitter but once you’ve done that, you can start booking doggie playdates. 

5. Teach English online

If you have a good grasp of English, you could spend hot summer days sharing that knowledge with kids online. Companies like VIPKID connect English tutors with children in other countries who want to learn the language. 

“This is an amazing side hustle because you get to set your own hours, you can work as little or as much as you want,” says Amanda Kolbye, a digital nomad who helps other people work online and build businesses.  

According to the VIPKID website, the minimum pay per 30-minute tutoring session starts at seven dollars, but you can also earn incentives to boost your earnings. If you qualify to be a VIPKID teacher, it’s possible to make anywhere from $14 to $22 an hour tutoring through the site. 

6. Offer lawn care services

So, cutting grass in the heat may not be ideal but you can bet homeowners aren’t eager to tackle it either. You can save them the trouble by offering to cut grass or do light landscaping work as a summer side hustle. 

Similar to offering dog walking or petsitting services, you can reach out to people directly. Or, you could market your services through an online company like GreenPal. This company connects people who need their yard tended with vendors in their local area who provide lawn care services.

“Many of our lawn care vendors are part-timers,” says Zach Hendrix, GreenPal co-founder. 

“Some are firemen, some are teachers that use our app in the summer to make extra money, others are college students that work afternoons and weekends, and it’s the perfect way for them to make extra money.” 

According to Hendrix, the average vendor makes around $55 per hour mowing lawns on the side. You could earn more or less, depending on how much you bid for jobs and whether the bids are accepted. 

Which summer side hustle will you try?

These are just a few ways you can make an extra $1,000 or more over the summer. And as you’re making money to supplement your paychecks, think about what you plan to do with it. 

“To use your side hustle money to the best advantage, I would first eliminate debt. If you don’t have debt, start an emergency fund and invest for your future,” says Hayes at Well Kept Wallet.

So tell us, are you planning to start a side hustle for summer? And if so, how will you maximize your new-found cash?

 

5 Ways to Manage Your Side Hustle Finances

By Kim Galeta

If you’ve just started your first side hustle (or two) – welcome to the club! It’s a great feeling to have extra cash rolling in every month. But did you know that your side gig will also require a bit of cash flow management

If you haven’t created a game plan to manage your side hustle finances yet, fret not! Keep reading to learn our top five tips for getting a handle on your extra earnings. This way you can get closer to your financial goals faster than you ever imagined.

1. Never stop tracking

If you aren’t carefully tracking all the extra money you’re bringing in (against your side hustle expenses), then you’ll never get a true sense of whether the effort you’re putting in is paying off. The good news is: You don’t necessarily need a fancy bookkeeping system to keep tabs on your side hustle earnings.

“I track it all in my spreadsheet throughout the month,” says Diana Farmen, a middle school teacher and founder of Diana on a Dime

There’s also another benefit of tracking your side hustle finances on a consistent basis. Whether you’re bringing in an extra $500 or $5,000 a month from your side gigs, you’re officially an entrepreneur, with an obligation to file your taxes. Farmen knows all too well about juggling side hustles and keeping track of her finances. She’s got five income streams, including her full-time teaching job. 

Farmen says that her spreadsheet makes it easy for her to calculate how much she needs to set aside for paying taxes on the income she brings in. Without this step, she would be in for a bit of a shock when tax time rolls around. But, by estimating her taxes throughout the year, she is prepared to handle the payment when she files her taxes in the spring.

You can also take a look at the IRS website to figure out the different types of small business deductions you can take. This way you can begin to keep track of these expenses month to month. For example, you may be able to deduct office supplies, gas mileage, Internet services and more.

2. Be careful how you budget

Some side hustles are inconsistent in nature, so it’s important to adjust your budget accordingly. In Farmen’s case, her budget is based only on her salary.

“As I make money through side hustles, I add it to the income section of my budget and in my notes I add how much I set aside for taxes, if needed,” she says. 

At the end of the month – once she has her final numbers – she determines a purpose for her side hustle income. This usually involves putting extra payments towards her student loans, emergency fund, or sinking fund.

3. Keep things separate

In this case, out of sight, out of mind, is actually a good thing! 

One of the best ways to manage your side hustle finances is to keep your extra income in a separate bank account so that it isn’t commingled with regular earnings from your 9 to 5 job. This makes it a lot less tempting to blow through those extra earnings! Plus, if you’re a Chime member you can also watch your savings grow by using your Chime Visa Debit Card to make purchases. When you use your card, Chime will round up each purchase you make to the nearest dollar, and transfer the round up amount right into your Savings Account.

4. Be cautious when taking on debt

If you can start a side hustle using your savings or better yet, find one that requires virtually no start-up money, that would be ideal. However, if you’re looking to scale your side hustle gig into a full-blown business, think about using debt only if you have no other choice. Or, use debt in small increments with a plan to pay it back fast.

“I sometimes see people investing in five-figure web design, or fancy editing, or (full-blown) photoshoots, without first having done basic market research or getting clear on how they (plan to make) money. So, suddenly they find themselves in all this debt with no way to pay it back,” says Amanda Abella, author of Make Money Your Honey.

In her case, Abella leveraged debt incrementally to avoid overextending herself. 

“I knew what I could handle on a credit card, for example: the cost of mentorship or a (particular course). And then I was under a deadline to hustle and find new clients to pay it off in time – which I always did,” says Florida-based Abella, who is also a Latina brand ambassador. 

5. Outsource to grow your business

This usually comes into play once your side hustle game starts to grow. 

Leah Gervais, founder of Urban 20 Something says that “outsourcing, both personally and professionally, was critical in my business growth.”

“Business-wise, I started with things that could be automated. This included email marketing, scheduling out social media posts, and using Quickbooks to track my income and expenses. Eventually, I started looking at what tasks I did daily or weekly that made me the least amount of money and/or could be done by someone else, and started outsourcing them. Things like graphic design, social media management, and podcast production.”

Gervais also looked at other obligations that took up her free time and prevented her from working more and started outsourcing those as well. 

“I started hiring a cleaning service to come and that shaved hours off of my week. I also started using a grocery delivery service to save time. These have not only helped my business but my sanity,” she says.  

Final word

With these five side hustle money management tips in mind, now is the perfect time for you to start earning extra cash with a side gig. Are you ready to give it a go?

 

Summer Side Hustles to Try This Year

By Ashley Eneriz

It’s almost summer! This means BBQs, beach days, and road trips. Yet, summer isn’t all fun and games. It’s also a great time to make more money.

Whether you decide to get a temp job or strike out on your own with a new side hustle, now is the perfect opportunity to put extra cash toward your money goals. To help get your wheels rolling, check out these eight side hustle ideas.

1. Real Estate Agent Assistant

Spring and summer are the busy seasons for real estate agents, especially if you live in a region with a hot housing market. Many agents need extra help with listings, and this includes taking photos of houses and shopping for personalized thank-you gifts for clients. At the same time, agents may not have the budget or need for a full-time employee. That’s where you come in.

Perhaps you can become a freelance personal assistant to a local real estate agent. Don’t be shy. Start pounding the pavement, meet with real estate agents, and let them know what you can bring to the table.

2. Social Media Manager

Admit it. You already spend too much time on Instagram and Snapchat. Why not get paid for your social media usage? Restaurants and stores need people with good communication skills to increase their online presence. So, create a sample account to show local businesses how you can help them gain more traction with social media.

You can charge an hourly rate or offer a flat rate package that includes a set of curated images, posting ideas and content creation. For an extra weekly charge, you can even manage the company’s social media accounts daily.

3. Manager for Airbnb Hosts

Did you know that you don’t actually have to own a rental to profit from Airbnb’s popularity? Instead, you can become a property manager for Airbnb hosts in your area.

Many Airbnb hosts rent out their home on the side but still have a busy life to maintain too. Summer months might also be the time that hosts want to do some traveling on their own, without stressing out about their own guests.

You, in turn, can be the reliable person that can fill in the gap for them. As part of the deal, you can also offer to clean the rentals between guest stays, do lawn care or welcome guests. You can even offer to improve their listings with better photos and descriptions.

4. Summer Program Instructor

Have you thought about becoming a swim instructor or teaching kids yoga classes? Perhaps you can offer children’s art or drama classes?

Summer is a great time to get your creative juices going and teach kids classes. If you haven’t taught swimming in years or you want to learn a new skill, the American RedCross offers a Water Safety Instructor’s Course in many areas. This course prepares you to teach preschoolers and children, as well as ‘Parent and Me’ aquatic classes. You can charge $25-35 for an hour of one-on-one swim lessons or charge $300 upfront for a package of 10 swim lessons.

When it comes to yoga, this may be easier than teaching swimming because you don’t need a pool and can run classes at a local park or even in a backyard. And don’t worry if you’ve never taught yoga before. You can hook up with a company like Pretzel Kids yoga, which offers an affordable online training course enabling you to start teaching children’s yoga classes immediately. Pretzel Kids teachers can earn $40 to $100 a class, depending on where you live and how many children are enrolled in your classes, says Pretzel Kids founder Robyn Parets.

“Some of our Pretzel Kids teachers also run mini-camps for a week or even three days during the summer. The best part: You can pick a summer week when you’re around and even bring along your own kids. It’s a lucrative and flexible way to earn extra cash doing something to enrich kids’ lives,” says Parets.

5. A Sitter for All Needs

Once school is out for the summer, many parents are desperate for affordable day care.

Have you considered becoming a babysitter? Even if you are only free nights and weekends, you can still pick up regular gigs when parents need a date night. If you become a child’s favorite sitter, you might even get invited on vacation.

Pet sitting and house sitting are also in-demand during the summer months. Many people prefer in-home pet sitting to boarding their animals, especially if they have more than one fur baby. For an easy way to make more money, check out Rover.com to apply for local house or pet sitting gigs.

6. Teach Kids Online

Companies like VIPKid hire online instructors to teach English to children in China. The virtual one-on-one teachings pay up to $22 an hour. To be a teacher, you need a bachelor’s degree and to pass the application process.

You can also look into other online teaching opportunities at companies like Outschool, which hires independent contractors to teach all sorts of classes for kids via video conference calls. With Outschool, you have to go through an approval process and then you can set your own hours and rates.

7. Garden and Lawn Care

We know, mowing lawns is the ultimate cliche of summer jobs, but it is for good reason. Taking care of your lawn is harder in the summer when plants and weeds grow faster.

So, try offering extra services that a regular gardener does not do, such as dog poop removal, palm tree trimming and patio power washing.

You can even skip the monthly service all together for a one-time charge. Call it the “Take a Week Off” special, offering individuals an hour of garden care for $25.

8. RV Prep and Cleaning

Hitting the open road is a summer favorite for many families. Yet, prepping the RV and cleaning it after the trip is something many wish they didn’t have to do.

You, however, can profit off of this common pain point with your own RV service business. To boot, advertising this type of business door-to-door is easy, since most of your potential customers will have their RV parked on the side of their homes.

Get Your Side Hustle On

Now that we’ve given you eight great ideas to make extra money this summer, it’s time for you to get started!

And here’s one final pro tip to level up your income: If your employer offers direct deposit, you can get paid early with Chime. Even without direct deposit, you can still manage your side hustle paychecks with Chime and automate your income. Simply transfer a percentage of your paycheck into a separate account every time you get paid. This way you can reach your money goals with ease.

 

How to Turn Your Side Hustle into a Full-time Gig

By Kim Galeta

Fifty percent of millennials have a side gig, according to a study by Experian.

This is often the perfect way to jumpstart your financial goals, including debt freedom, moving into your own apartment, or funding that dream vacation. A side hustle can also be a big motivator to launching a full-time business and achieving financial freedom.

To help you learn more, take a look at seven tips to turn your side hustle into a full-time gig.

1. Be Realistic

The truth is: Not every side job can be turned into a full-time hustle. For example, mowing your neighbors’ lawns every weekend probably works really well as a side gig, generating a few hundred dollars a month. But you would need to put in a lot more effort to transform this concept into a full-fledged business. For example, you’d need to consider advertising costs, the seasonality of a lawncare business, and the existing competition in the market.

Putting together a financial forecast to determine your total revenues and expenses is another important part of your research at this stage.

2. Stop Treating Your Side Business Like a Hobby

Leah Gervais, founder of Urban 20 Something, says that if you want to scale your side hustle into a full-time gig, you need to treat your side business “like your job, because it is.”

“This means scheduling out your time to work on it and making those meetings unbreakable. Be honest with yourself; this will be an intense time period with long hours and lots of sacrifices. But it’s just a chapter. The more dedicated you are, the faster you’ll be able to make your side hustle your full-time hustle,” says Gervais.

Another way to up your commitment level is to formalize your business structure. Tasha Cochran, one half of the YouTube channel One Big Happy Life, recently quit her job to pursue her blogging hustle full-time. As she noted on her website: “We became an LLC, signed a partnership agreement and started to be more strategic about what we were doing.”

3. Look for Ways to Work Smarter

A side hustle can be hard to scale but it’s not impossible. One way to grow your side hustle is to transition from a one-to-one business model to a one-to-many business model. Translation: Figure out how to earn money while you sleep!

One booming market for doing this is the e-learning industry. According to Forbes, e-learning will climb to $325 billion by 2025.

Just be aware: In order to scale an e-learning business with a host of online courses, you do have to hustle.

For example, Robyn Parets migrated online with her branded Pretzel Kids Yoga Teacher Certification Course in 2016. Pretzel Kids still offers live trainings and kids yoga classes, but the online school allows the company to grow its reach globally. Pretzel Kids nows sells a host of courses via its online kids yoga training school, such as How to Teach Mindfulness to Kids and Yoga for Kids with Special Needs. In addition, Pretzel Kids instructors can join a membership community where they can access branded materials, download teaching resources, get booked for teaching gigs, and more, says Parets.

“The ability to offer online trainings and a membership community has been pivotal to the growth of Pretzel Kids. We also offer our trained teachers a way to immediately start their own side hustles using our curriculum,” she says.

4. Invest in Yourself

Have you ever heard the saying the best investment you can make is in yourself? This is especially applicable to scaling your side hustle because you are your biggest asset.

As a full-time entrepreneur to-be, the learning process should be a continuous one. In the early days of scaling your hustle, you might have to invest in tools and courses to beef up your skill set. For example, you may need to learn more about email marketing or social media. Yet, in the long-run, this will save you time and money.

You can also fast-track your success by finding a mentor and connecting with other like-minded people who can help your business thrive.

5. Wait Until Your Side Hustle Earnings are Consistent

Before you make the leap from full-time employee to full-time entrepreneur, your side hustle earnings should either equal your current income or be sufficient enough to cover your living expenses.

Don’t forget to include a line item in your new budget for those intangible benefits that your current job provides, including health insurance, 401(k) contributions and the like. For example, if you have to say goodbye to free lunch on Fridays or free daily coffee, make sure to add these as new expenses each week.

Another tip is to wait at least a few months in order to determine whether your side business will produce consistent earnings. This is exactly what Gervais did. Once her side business started regularly bringing in more money than she made at her 9 to 5 job, she had the confidence to turn it into her full-time job. Today, her online business generates more than $10k in sales per month.

6. Boost Your Emergency Fund Before Taking the Plunge

If you have a healthy savings account, then you’ll have peace of mind to go all-in on your side business. To help you boost your emergency fund faster, you can try automating your finances.

With a Chime bank account, for example, you can save when you get paid and automatically direct a percentage of every paycheck into your Chime Savings Account. This way you can put your savings on autopilot and reach full-time entrepreneur status sooner. As a bonus, if you use your Chime Visa Debit Card to make purchases, Chime will round up each purchase you make to the nearest dollar, and transfer the round up amount right into your Savings Account.

7. Schedule in Self-Care

When you’re working to scale your side hustle into a full-time business, it’s easy to put health and wellness on the back-burner. But taking care of your physical and emotional well-being is more important than ever at this stage. The good news is: Self-care doesn’t have to be expensive. It can be as simple as scheduling in a 30-minute walk each day to get some fresh air and mental clarity, reading a book or enjoying a long bath.

Ready, Set, Go!

If transitioning your side hustle into a full-time gig is something that you’ve been on the fence about, we hope these seven tips will give you the push you need to start living your dream!

 

Should You Get a Summer Job?

By Rachel Slifka

Ah summertime. With vacations, beach days, and backyard barbecues on the mind, you’re probably not thinking about getting a summer job. But whether you’re a teacher with summers off, a student on break, or you just want to save some money, summer is an ideal time to look for extra work.

Here are four reasons why you should get a summer job.

1. You can take advantage of seasonal work

Summertime boasts a plethora of seasonal jobs that aren’t available any other time of year. This is excellent news because it means a lot of employers are hiring just for the summer. It’s also great news for you as you won’t have to stress about giving your notice after only a few months. You can simply work for a short time and bank the extra cash.

As an added bonus, there is generally less competition for these jobs since they are only guaranteed for a season. Some seasonal opportunities include working in retail, lifeguarding, tourism, and landscaping – just to name a few.

To find jobs near you, it’s pretty easy to ask around, join neighborhood Facebook groups or and post what you’re looking for on NextDoor. Chances are, you’ll get a few referrals in a matter of minutes! Or, you can check out SummerJobs.com to find employers near you.

2. You’ll earn extra cash

Who wouldn’t benefit from some extra cash?

While a simple, seasonal job might not make you rich, it can certainly help you achieve your financial goals faster.

Want to pay off debt? Consider a summer job. Start an emergency fund? Save for a trip? Then you should definitely consider seasonal work.

Better yet, if you have other income from your primary job, you can stash away what you earn from your summer gig. Even an extra $200 a week can add up – helping you save $1600 in just eight weeks! That’s plenty of dough to kickstart your savings goals.

3. You’ll give your days structure

Maybe an abundance of free time isn’t for you. Or, perhaps you can use some structure this summer. Either way, a summer job can provide you an opportunity to fill your time and earn money.

Because let’s face it: There are only so many days you can sit at home before you become bored out of your mind. Summer can feel incredibly long if you don’t have anything planned. So, take advantage of your downtime and earn some money while you’re at it.

And, if you’re pushing your kids to find a summer job, this is an excellent opportunity to teach them about budgeting, saving, and time management. You can even open a mobile bank account and teach your teens how to track income and expenses while on the go.

4. You’ll learn new skills and have some fun

If you have ever wanted to try out a new career, then a summer job is the perfect opportunity to do so.

Maybe you want to take a break from teaching and work in tourism this summer. Or, perhaps you want to land an internship before heading back to grad school. Or, if you’re an entrepreneur at heart, then you can use this summer to launch your business.

There are hundreds of new skills you can learn by shaking up your routine and trying out a new summer job. Whether it’s customer service, billing, manual labor, or coaching, get out there and try something new.

Are there drawbacks to a summer job?

Of course, there are plenty of instances where a summer job may not be worth it.

For example, when you have a summer job, you lose out on time you could be spending on other things, like traveling, home improvement projects, or lazy summer days at home with your kids. A secondary summer job can also add a layer of stress to your life if you already work a demanding 9 to 5 job.

So, before you jump into a summer job, weigh the pros and cons. Just remember: While a summer job isn’t for everyone, if you have the luxury of free time this summer and can use the extra money, then why not? Besides, a summer job can be just what you need to bolster your financial goals.

 

How Long Should You Side Hustle For?

By Due.com

Side hustling is a great way to make extra money. The more successful your side hustle is, the more motivated you are to continue, right? Not exactly. There are many other factors that contribute to the longevity of your side hustle.

Here’s how you can tell how long you should side hustle for.

Set a Goal If You’re Trying to Leave Your Job

If you’re side hustling in order to leave your full-time job, it’s important to set a deadline for when you’d like to leave and under which circumstances. How much do you need to earn? How many hours to do you expect to spend working?

For me, unfortunately, I had hit a breaking point with my side hustle which prompted me to leave my 9-5 and turn my side hustle into my full-time job. I was burning out from working so many hours between both jobs.

Luckily, I was earning enough money to allow myself to quit without too much worry. Still, this is something to keep in mind. If you plan on working several hours and building a business up on the side, set a goal as to when you will make the transition to full time so you know that side hustling is only temporary.

Consider What Your Short Term Goals Are

Are you side hustling just to meet a short term goal? Whether it’s to pay off debt, fund a large purchase, or to gain a new skill, get clear on why you’re side hustling so you can meet those short term goals.

Also, develop a plan for what you’ll do after you reach them.

Is Your Side Hustle Still Enjoyable?

This is a question my husband is faced with currently. He’s been side hustling with Uber for about 3 years now. He admits it’s not as enjoyable as when he first started.

In the beginning, he wanted to side hustle to help us pay for extra expenses, pay off his car loan, and save more for the downpayment on our home.

We have met all of those goals and he’s gotten to a place where he’d rather stay home at night instead of going to drive for Uber. We could still use some extra money each month, but it seems like it’s time to switch to another side hustle.

Since you’re working on the side, you’re already putting in extra hours so you might as well do something that you enjoy and are good at. If your side hustle is no longer enj0yable and doesn’t stimulate you, you’ll lose motivation and it will feel more like a chore.

Consider Working in Seasonal Spurts

If you plan to make your side hustle a long-term venture, continue working is seasonal spurts. That way, you’re expected to be “on” and working all the time. Working 7 days per week is not sustainable for anyone long-term.

Choose a side hustle that’s flexible and allows you to pick up or drop hours as you see fit. For example, you may want to work more hours during the summer when work at your main job is slow. A seasonal side business can be more sustainable because it allows you time to rest.

Summary

Side hustles are often great to have, but all good things tend to come to an end. Be intention when deciding what type of side hustle you’ll try and what your goals are. Consider doing flexible work and allowing yourself the freedom to slow down or speed up production as you see fit.

 

Side Hustles You Can Do in Your Sleep

By Jackie Lam

For our parents’ generation, “moonlighting” might have meant earning extra money by flipping burgers at a fast food joint or working at a department store on the weekends.

But for us? Well, we’re the gig economy generation. Whether you deliver groceries, participate in focus groups, or get rented out to be someone’s wedding guest, you’ve likely got some sort of side hustle. According to a recent Bankrate report, nearly 40 percent of Americans have a side gig. As for millennials, half of us have one.

If you’re still searching for an easy way to rake in money, we’ve got you covered. Here are four passive income strategies that can help you earn money in your sleep. Pretty sweet.

1. Video royalties

You don’t need a gazillion views to monetize your videos.

Yes, even you can make money off your adorable furbaby videos, clips of wild weather, political protests, and unusual street performers, says Peter Koch, founder of Seller at Heart.

Koch spends a few hours a month making short videos and uploading them to video licensing platforms. He rakes in about $150 a month.

Where to start? Video licensing agencies like Rumble  and Jukin Media are just some of the platforms where you can sell your videos. Yet, the ways in which you can earn money vary. For instance, if you use Newsflare and a website wants to use your video for a set amount of time, you can earn a flat rate. You can also make money via ad placements. With Rumble, on the other hand, you can earn money through syndication. And with Jukin you can make money through licensing, brand partnerships, and online monetization.

2. Stack cash back and rewards apps

What about making money by spending money on things you already buy?

With popular cash back apps like Ebates, Drop and Dosh, you can earn points, which can then be redeemed for either gift cards and sometimes cash.

Similar to credit card rewards, you just link your credit card to the app, explains Andrew Herrig, a personal finance blogger at Wealthy Nickel.

“You earn points that you can trade for cash for shopping you would normally do anyway,” says Herrig.

Pro tip: If you put in a little extra effort, you can score good bonuses for some non-cash back offers, explains Herring. And, if you already put some of these purchases on a credit card, you’ll be earning reward points on your credit card, too. Just be careful of making purchases you normally wouldn’t, and carrying too high of a balance on your card.

3. Creating digital products

Online businesses and products are popular ways to earn passive income.

If you already have a platform with a strong following, or it you’ve devised a marketing strategy by way of email funnels and ads, you can potentially rake in some cash selling e-books or courses.

“Online courses make for great digital products, because people are always looking for how to do new things — whether it’s to learn about SEO, or take on another hobby or interest,” says

Mike Pearson, who created an online marketing course for bloggers who want to boost their SEO.

“The best part about selling digital products is that you only have to create the product once, and then you can sell infinite copies over and over again, truly earning money while you sleep,” says Pearson, who is the founder of Stupid Simple SEO.

Pearson makes a killing from his online course — the course costs $300 and he rakes in about $10,000 a month as a side income. As for the upfront investment, he spent 20 hours filming videos, writing text, making a sales page, and coming up with an email sequence to sell the course.

“It was a lot of upfront effort. The good thing is, the costs were minimal as I did all of the work myself,” he says.

4. Sell your stories

A few years ago Jarek G. (FYI: that’s his blogger pseudonym) wrote a dozen short stories and self-published them on Amazon, Barnes & Noble, and Smashwords.

Jarek spent anywhere from six to 10 hours writing, editing, and publishing each story, and paid five dollars to get a cover made. He published each story as a stand-alone for $2.99.
At his peak, Jarek earned about $150 a month.

These days, he still makes $30 to $40 a month in passive income from these same stories.

“It was a bit of upfront work, but after that it’s relatively passive,” says Jarek, who is the founder of Time in the Market.

Understand the ROI

When earning passive income, make sure you save part of the money you earn and put it toward one of your money goals. You can even use a money-saving app to help you keep track of this extra income. (Or, you might want to auto-save a portion on the regular.)

And, to get to the sweet spot of earning money passively, you’ll need to make sure the costs and time upfront are worth it. Keep in mind that all streams of passive income require not only work, but a bit of luck and timing.

“There’s no easy path to wealth or making money,” says Jarek.

“For instance, with self-publishing, you’ll need to be active, and it requires some talent to write things people want to read.”

 

The New Rules of Personal Finance: Gig Economy Edition

By Jackie Lam

Save as much as you can, spend less than you earn, invest wisely. While these pillars of personal wellness may ring true, there are some financial rules that need a facelift. You could say times are a changin’.

My friend and colleague, Kristin Wong, who is the writer and author of Get Money, recently wrote a thought-provoking piece on the new rules of personal finance. Wong takes a look at home ownership, going to college, debt repayment and investing. Yet, the new rules of money also include other facets of our financial lives and take into account how to save money and earn more in the gig economy.

Take a look at four rules we’ve put together to help you tackle your finances in today’s times.

1. Living on Steady Paychecks

Are you one of the 53.7 million Americans who are freelancing?

Then you know that paying your bills on inconsistent income is real. Cyndi Lauper might think that “money changes everything,” but in my humble opinion, variable income changes everything, my friend.

When you have a steady flow of money coming in each month, you can create a spending plan without any issue.

Instead: If your paychecks hit your bank account at different times of the month, consider syncing up paychecks to different bills. For instance, your largest paycheck, which might be relatively the same each month, could go toward rent. Maybe another paycheck from another gig could go toward your student loan and credit card debt.

Jot down when each bill is due, and how much it is. Next, assign income to bills. While some payments from jobs drop at different times of the month, the money you receive from other clients might be more consistent. In turn, this might be able to help you stay on top of your bills.

Want in on another tactic that has been a budget-saver for me? I aim to get one month ahead. So, I try to have enough in my bank account at the end of the month to cover the next month’s expenses.

Pro tip: If you’re a Chime member, try auto-saving a percentage of your paycheck every time you get paid.

2. Budget Monthly

Budgeting monthly makes sense for those who have a steady paycheck and get paid twice a month. But how about those who are gig economy workers or freelancers?

It’s hard to create a spending plan when your income changes constantly, let alone drum up a monthly budget.

Instead: Consider budgeting weekly. Seven days is a lot easier to budget for than 30 days. I personally plan out my discretionary spending a week ahead. I give myself a certain amount each week to spend on food, going out, and personal items. Then I figure out an amount I can spend each day. It’s a fun game I play. So, if $30 is my daily amount, I try to have “no-spend” days or spend less than that. By the end of the week, I’ve have “extra” money to spend.

If that’s too much math and money nerdiness for you, consider assigning an amount each week, and spend it until you reach zero. Hopefully you won’t have to replenish until the following week.

3. Save Three to Six Months in an Emergency Fund

While this remains a solid rule, it’s hard to start an emergency fund when you’ve got bills to pay, a debt load to manage, and other competing financial priorities.

Instead: Start with a rainy day fund. What’s the difference between a rainy day fund and an emergency fund?

A rainy day fund can have different rules. While you might take money out of an emergency fund for say, a major car repair or an unexpected medical bill, you can tap into a rainy day fund when you’re having a lean month and need to cover your bills.

Also, a rainy day fund typically has a smaller balance in your account than an emergency fund. Whereas a rainy day fund might have one to two months of living expenses, an emergency fund has anywhere from three to six months — sometimes more. This might seem like a Herculean task, but try auto-saving small amounts each week into a rainy day fund. Once you’ve got this down, you can work towards saving more into an emergency fund.

4. Save 10 Percent of Your Retirement

To piggyback off of Wong’s advice, it’s hard to say you should save for exactly 10 percent of your retirement, when you aren’t able to save anything at all. According to a report from the National Institute on Retirement Security, about two-thirds of folks between the ages of 21 and 32 have nothing saved for retirement.

Instead: Save what you think you’ll need in retirement. But also, save when you can. As a freelancer, after my living expenses are covered, I save a percentage for my retirement. And there’s no hard and fast rule that you need to save monthly. You could save every quarter or once a year if you need to. As long as you save something, that’s the important thing.

And keep this in mind: We live longer and carry more debt. Semi-retirement seems to be the new norm. So, you might want to consider continuing a side hustle, at least part-time, in retirement.

Take Positive Steps Today

While the same old financial rules will always ring true, it’s important to follow new money rules as well. Hopefully these four new rules of personal finance will shine a light on how you can approach your money differently and still achieve financial wellness. Godspeed!

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