Thursday, June 8, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Personal Finance

1 in 3 Americans Have a Side Hustle. Here Are the Benefits to Having One

MtR by MtR
July 24, 2021
in Personal Finance
0
1 in 3 Americans Have a Side Hustle. Here Are the Benefits to Having One


Extra income is one benefit that can come with working a side hustle. Here are some other great benefits.

Side hustles are becoming more common. Many people are going to a regular job during the day and then working a part-time job, gig, or other opportunity that brings in additional income. Some people choose to do freelance work or start their own business, while others work a part-time job.

The nice thing about working a side hustle is it allows you to bring in more money. If your regular job doesn’t offer the chance to work overtime hours or pick up extra projects, working a side hustle may make sense.

According to Zapier, one in three Americans works a side hustle. That number could rise significantly this year as more people explore new gigs and opportunities. The survey also found that 24% of Americans plan to start a side hustle this year. These stats show the popularity of working extra gigs and exploring new work opportunities while working a full-time job.

Why is this kind of lifestyle so popular? It’s likely because of the benefits that side hustles offer.

One email a day to could help you save thousands

Tips and tricks from the experts delivered straight to your inbox that could help you save thousands of dollars. Sign up now for free access to our Personal Finance Boot Camp.

By submitting your email address, you consent to us sending you money tips along with products and services that we think might interest you. You can unsubscribe at any time.
Please read our Privacy Statement and Terms & Conditions.

Increase income

Unless you work a job in sales or have a position where you get regular yearly raises, it may be difficult or impossible to increase your income. Many employers pay a set salary and don’t offer the opportunity for money growth.

If you’re trying to save for a larger purchase or your living expenses have gone up, it can be hard to continue on the same salary that you’ve always had.

Luckily, a side hustle can give you the chance to bring in more money. If you were to work a side hustle that provided an additional $200 per week, that would result in $10,400 of extra income each year.

Pay down debt faster

Some people choose to work a side hustle to pay down debt quickly. Whether you’re sick of staring at piles of bills or credit card debt, there may be a solution.

Working a side hustle can help you increase your income. This can, in turn, give you more of an opportunity to pay down your debt faster. Paying your debt off sooner can result in less interest paid over time and can help you improve your overall financial situation.

Save more

Having a side hustle also provides another benefit: You can put more money into a savings account. This can help you prepare for a significant future expense, like a down payment for a home or a new baby. Another option is to work on increasing your emergency fund so you’re prepared for the unexpected.

If you worked a side hustle that brought in an extra $1,200 a month and you made a plan to put 100% of it toward a mortgage down payment, you’d have $14,400 after one year. Make sure to put that extra money in a savings account so it earns interest

A chance to explore other opportunities

Learning new skills is never a bad thing! Working a side hustle gives you the chance to explore other opportunities. When you explore new interests, you may even open up new doors in your career and personal life.

If you’ve been thinking of working a side hustle, you’re not alone. It’s a popular way to bring in more money, and it can have many advantages. You may find that a side hustle allows you to reach your personal finance goals sooner. Plus, having more financial freedom can reduce stress and improve satisfaction.



Source link

Related articles

Personal Finance Software Market Size, Scope, Revenue, Opportunities and Growth by 2028 – Shanghaiist

Personal Finance Software Market Size, Scope, Revenue, Opportunities and Growth by 2028 – Shanghaiist

August 10, 2022
Should your child do chores to earn an allowance?

Should your child do chores to earn an allowance?

August 9, 2022

Related Posts

Personal Finance Software Market Size, Scope, Revenue, Opportunities and Growth by 2028 – Shanghaiist

Personal Finance Software Market Size, Scope, Revenue, Opportunities and Growth by 2028 – Shanghaiist

by MtR
August 10, 2022
0

New Jersey, United States – Verified Market Research recently released a new report titled Personal Finance Software Market Insights, Size, Forecast to...

Should your child do chores to earn an allowance?

Should your child do chores to earn an allowance?

by MtR
August 9, 2022
0

Few topics in personal finance evoke such strong emotions as the question of whether or not a kid’s allowance should...

On rare days, markets rise 10%. How to make sure you’re there for it

On rare days, markets rise 10%. How to make sure you’re there for it

by MtR
August 9, 2022
0

Gzorgz | Istock | Getty Images"It was the best of times, it was the worst of times." With those classic...

Kora, the Personal Finance App Just for College Students, Reaches 100,000 Active Users on Budgeting Tool

Kora, the Personal Finance App Just for College Students, Reaches 100,000 Active Users on Budgeting Tool

by MtR
August 9, 2022
0

CHICAGO--(BUSINESS WIRE)--Kora, a financial technology company exclusively serving college students, announced they’ve reached 100,000 active users on their Kora Insights...

Finance Services Sector Stock Recommends Bonus Issue, Rises 770% In 3-Years

Finance Services Sector Stock Recommends Bonus Issue, Rises 770% In 3-Years

by MtR
August 9, 2022
0

1. Choice International Limited Recommends Bonus Share In 1:1 Ratio The board of directors of the company in their regulatory...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
Investment in overseas real estate surges : The DONG-A ILBO

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022
U.S. inflation CPI report, Wall Street, currencies

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022
Alberta oil production set new record in first half of 2022

Alberta oil production set new record in first half of 2022

August 10, 2022
Industrial Lubricants Market to Reach $71 Billion by 2027.

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022
U.S. inflation CPI report, Wall Street, currencies

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022
Alberta oil production set new record in first half of 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter