(Bankrate is owned by the same parent company as CNET.)
Here are some tips to get the most out of your side gig.
Plus, learn howone woman turned her side hustle into a six-figure business.
Be realistic about how much time you have
A side hustle can be a hefty responsibility.
Set clear boundaries and hours before committing to a new venture, especially one where clients are involved.
Just be sure to communicate your hiatus to your second boss or clientele.
This can help you find business opportunities and browse available freelance job listings.
Don’t be afraid to let relatives or friends know about your side gig, either.
And don’t underestimate the power of word of mouth.
Lastly, see to it to exhaust the apps.
Well-known side hustle apps includeDoorDash,UberandRover, but search around to find something that matches you.
For example,FlexJobsis a great app for creative freelancers.
Give your money a mission
Having a purpose will generate energy for your side hustle.
“Side hustles can be extremely helpful to help meet your financial and life goals,” said McCall.
Sometimes, a side hustle can evolve into a lucrative main hustle.
“My side hustle has completely changed my life and I am so happy that I started it.”
For more guidance, have a conversation with your manager or human resources department regarding your side gig.
Some companies may require approving any side gigs you take on, while others may be more lax.
Some simple research and transparent communication can save you a lot of complications and difficulty.
That noted, your side hustle may also make you eligible fortax deductionsthat could ultimately lower your tax bill.
Working with a qualified CPA or usingtax software designed for freelancerscould help maximize your deductions.
If you miss one, then you’re likely to pay more," Steber said.
For more tips, check outthe best ways to save money on food, gas and travel.
