A side hustle can bring in extra money you can bucket into an emergency expenses account so that when the unexpected happens, you’re prepared. When something goes wrong, the last thing we need to worry about is how to cover the cost. To prepare for the unexpectedĬar accidents. ![]() Whatever you’ve got your sights set on, additional funds generated from a side hustle could help make those more indulgent spends far more doable and easier to justify. By starting a side hustle, you can ease the pressure by contributing extra earnings towards repayments. Between HECS repayments, personal loans, chipping away at the mortgage and managing credit-card repayments, it can be difficult to make ends meet and still have cash left over for everything else. Paying off a debt can feel overwhelming, especially if it’s a hefty one. It might come as a surprise, but there are a variety of different reasons why people choose to start a side hustle. Rather than taking up another part-time job, it’s more about turning a hobby, passion or skill into something that can make money and be done in the evening at home or weekends outside of your regular 9-to-5. What is a side hustle?Ī side hustle is all about making a little extra money on the side to help you reach your financial goals sooner. By the time you’ve divided up your earnings, there’s not a lot left to treat yourself with. ![]() The average pay check usually goes straight towards the necessities – buying groceries, paying bills, or perhaps funnelling away funds for a first home deposit. Money might not buy happiness, but it’s always nice to have a little more of it.
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