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Why a side hustle should be a top priority for your family

December 21, 2020 by Susan Paige

Have you always been intrigued by the idea of ‘side hustle’ but haven’t known what it is? Read more to find out how you can be making money for your family, every day. Family is a priority, we understand this. It doesn’t mean that working full-time and having a side hustle will change your priorities. 

What is a side hustle anyway? 

In short, a side hustle is a means of earning extra income on top of your everyday job. It can also be described as ‘moonlighting’ or part-time work.

Wikipedia define it as a job that “may be done out of necessity, when one’s income from their main job is insufficient to support them, or simply out of a desire to earn more income.”

Your goals and reasons for having a side hustle might vary, but usually, the intention behind most people’s decisions for doing so is to increase the level of income you will have in the future, expanding more on your day job. It could be something as simple as dog-walking, or freelance work in your free time. There are tons of options. You can work on it to suit you, whether that is before or after your working day. 

How a side hustle can improve your family’s life 

Do you want to have the best possible kind of life for your kids? As parents, everyone does. It is part of the business of being a parent. A side hustle is just one of the many things you can do to improve your family’s economic fortunes. As well as contributing towards you paying down debt faster, a successful side hustle also opens so many different doors enabling more for your children… some of which won’t even be financial in nature. Raising a family is expensive, and often expenses will rise with the older they get. This means trying to survive on one income or even two can be difficult. A side hustle can pay for that pair of sneakers your kid has wanted for ages, a trip to Disneyworld, or just a family bonding weekend away. Whatever the reason, it could greatly enhance your family’s daily life.

 

Finding a side hustle 

This can depend on the type of side hustle that you want to do, one that you can balance along with your other life commitments. One method would be to generate a list of your experience and skills. In some cases, side hustling can be a lot of work, so it is important that you get some enjoyment from what you are doing! You don’t want it to feel like a chore. It is also important to be honest about your availability, it’s important to think about how much time and energy you’d be able to dedicate to a side hustle. Once you have this figured out, you can begin to narrow down your options and then the real work can begin.

Making time for side hustles 

Once you have decided what side hustle you can do, there are several methods of how you can make it your own personal business on your time. It could mean in some cases you might have days where you wake up a little earlier to begin your work. If you aren’t a morning person, then you could set aside some time during the weekend to work on it, or take an hour or two to devote to it when you get home during the week. Depending on the job, you could also do some of the work on your phone during your commute. It will involve some serious time management, but in order to make your family a true priority, the rewards will be worth it.

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