Why it Pays to Have a Side Hustle

side hustleI decided to start a side hustle late last year when I saw how much extra money I could make in addition to my regular full-time paying job. A side hustle income is something that is coming increasingly popular among 20-somethings who want to pay off debt, save, or are looking to diversify their income.

In the past seven months, I’ve been able to save up just a bit over $4,000. It’s not going to make me rich, but it’s still $4,000 more than I had seven months ago.

If you’re looking to start a side hustle, there are plenty of examples out there to get you started, from the wacky (Odd Jobs for Quick Cash) to the innovative (Making Thousands off Craigslist).  All the funds from my side hustle (which is kept in its own separate savings account), have been comprised of a variety of ways, such as garage sales, freelance writing, mystery shopping and even blogging. Yes, a lot of people make money blogging and you don’t have to have thousands of readers!

Anyone can make money with a side hustle. I know you may think that you have to have some super special skill to get started, but really, I was just a girl who had a garage sale one day and liked the extra money, so I decided I should come up with more ways to make money.

There are several ways a side hustle can help you reach your goals. Here are some key reasons why it pays to have a side hustle:

Pay off debt faster

By increasing your income, you can contribute more funds toward your debt and become debt-free faster. I don’t think I can express enough how important it is to become debt free. Paying off debt will free up your money to be used toward future expenses rather than literally paying for your past.


Perhaps you have your debt repayment plan set and you’re comfortable with how long it will take you to completely pay everything off. Side hustle income can help you splurge on something you normally wouldn’t be able to afford.

It’s a lot easier to work harder when you know the funds will go toward something exciting like a vacation, rather than simply paying off debt. I’ve chosen to contribute all my side hustle income into a vacation fund. I’ve been married two years, and we have yet to go on a honeymoon. With my side hustle income hovering a little bit above $4,000, it is now a case of conflicting schedules rather than money.

Reach other milestones

Perhaps you’ve paid off debt, and also have your own savings account for fun stuff. Have you reached all the other milestones you’ve wanted to accomplish? Such as saving for a down payment or allocating at least six months’ worth of expenses toward an emergency fund?

The upside of a Side Hustle

The great thing about a side hustle, is it allows you to make extra money without quitting your full-time job. Perhaps your side hustle adventure may even turn into a full time businessâ”who knows?

You get to determine how many hours you dedicate to your side hustle business. Most people choose to do something they really enjoy as a side hustle business because then it doesn’t really feel like work.

Especially in today’s digital age, it’s easy to get started with a side hustle. Promote your services with free advertisements on Craigslist, spread the word on Facebook and Twitter, and start a blog with search engine optimization for your services.

A few hours a week spent doing something you enjoy could easily help you earn thousands of dollars to help you reach your financial goals faster.

Also, if you’re interested in a great side hustle series, check out what J. Money is doing over at Budgets are Sexy!

photo by Dan4th

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Written by Erika

Erika blogs at Newlyweds on a Budget about couples managing finances, newlywed life and everything in between.


Erika blogs at Newlyweds on a Budget about couples managing finances, newlywed life and everything in between.

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