How to Budget Your Side Hustle Earnings

If you’re just getting started with your side hustle, you’re going to enjoy having that extra income every month. However, you are going to have to learn how to handle this extra cash. If you’re not sure what you’re doing yet- don’t panic. In this article, we’re going to look at four tips to help you budget your side hustle earnings. This will help you reach those financial goals you have been striving for much quicker than you ever thought possible. 

 

Keep Track of Your Earnings

 

First and foremost, you must keep track of the money that you are earning. If you don’t, you won’t be able to appreciate the extra income your side hustle is bringing in. In addition to being able to know what your side hustle is doing for your finances, it will help you keep track of the taxes that you owe on the money that you are earning. As an employee in a regular 9 to 5, your employer takes care of that- but as a side hustler, you are your employer and therefore, obligated to pay taxes. 

 

Watch Your Budgeting

 

There are some side hustles that have some inconsistency in earnings. You may earn $800 one month and only $500 the next. Therefore, you must learn to not depend on those good months. Instead, set your budget based on the leaner months so that you don’t end up running out of money with bills that still need to be paid. 

 

Keep Side Hustle Earnings Separate

 

One of the best ways to budget your side hustle earnings is to keep them separate from the rest of your earnings. If it’s not readily accessible, you’re less likely to spend it. Plus, if you have a savings account, you can keep your earnings in this savings account, and then earn interest on it the longer it sits. 

 

Be Careful with Debt 

 

If you can possibly start a side hustle without taking on debt, this is ideal- whether you get started by investing your savings or with no money down. If you want to turn your side hustle into a full-time gig, only take on debt if you don’t have any other options. 

 

Bottom Line 

 

A side hustle is a great way to earn some extra money- but it’s also a great way to get off track with your budget. You start seeing the money roll in and you get excited and it can cause you to go a little crazy with spending. However, if you’ll keep these four tips in mind, you can learn to budget your side hustle earnings with ease. 

 

Planning Your Week with an Online Side Hustle

You’ve decided to start a side hustle, but you’re wondering how you’re going to fit it into your schedule with your full-time job, social and personal obligations, and anything else that fills your calendar. Believe it or not, it is possible to fit a side hustle into an already busy schedule. You just need a little bit of help planning your week with an online side hustle. 

 

What Hours are You Planning to Work? 

 

The very first thing you must do is determine what your working hours will be for your side hustle. You can ask these questions: 

 

1. How many hours will I dedicate per week? 
2. Am I working before or after my regular job? 

 

Answering these questions is a big step in scheduling your work week with your side hustle. 

 

If you are working with clients, you’ll also need to consider what their deadlines are and schedule accordingly. 

 

Give Yourself a Buffer 

 

When you are scheduling, make sure that you give yourself a buffer. That is, consider setting your deadline a day or two earlier on your calendar so that you can be sure that you are able to meet it. 

 

Plus, if you do meet the earlier deadline, it reflects well on you with your clients and if something happens, that keeps you from meeting the deadline, you have a little bit of wiggle room. 

 

Structure Your Day/Week 

 

Once you know how much time you’re going to invest and when you’re going to do it, as well as client deadlines, you can start to build your day and week. There are 3 things to keep in mind here: 

 

1. Time blocking: block out time that you will be working on your side hustle. You can set it up in blocks of 60 minutes or whatever works for you. This way, you remember to take breaks and don’t get too wrapped up in work. 
2. Batching: this refers to working on same or similar tasks within your blocks of time so that you don’t have to redirect your focus. This will help you increase your productivity. 
3. Scheduling: this is where you take those deadlines and input them into your calendar. This way, you can look at it and see what deadlines are coming up. You might also want to input a checklist so that you can check things off as you get them completed. 

 

When you decide that you want to take on a side hustle, you have to determine how you are going to fit it in with your regular obligations and responsibilities. These tips can help you plan your week with an online side hustle. 

 

Top 3 Online Jobs that Require No Experience

You’ve been looking for an online job so that you can have the flexibility that comes with working from home- but you keep finding ads that say you must have experience in that field, or at least a related one. You may start to get frustrated, but you don’t have to. 

 

There are several online jobs that require no experience. This means: 

 

1. You don’t need experience in that field
2. You don’t necessarily need specific skills for the job 
3. You don’t need a degree to do the job 
4. The job is perfect for beginners 

 

In this article, we’ll take a look at the top three online jobs that require no experience, which will give you a good springboard for starting your online job search. 

 

Content Creator 

 

A content creator is someone who can do some research and create informational articles, blog posts, reports, and more about a specific topic. There are lots of “content mills” out there where you’d be creating tons of content for little pay- but you don’t have to settle for one of these jobs. There are plenty of companies who are actually hiring content creators for their own websites and publications and some of them may even hire you as an employee instead of a contractor. What you make depends on how much effort you are willing to put into it. 

 

Transcriptionist 

 

A transcriptionist is someone who listens to audio recordings and types out what they hear. This is most often used in the educational, legal, and medical fields- though there may be some other fields that may use this service as well. You don’t need experience, but you do need to have good listening skills, a good set of headphones, and a good software program to type the transcribed conversations into. Again, what you make depends on you. Take some time to research the various companies to find out what they are paying. 

 

Virtual Assistant 

 

There are lots of small business owners and entrepreneurs that just don’t have the time to deal with the day-to-day administrative activities. This is where a virtual assistant comes in. There are some websites where you can sign up to be a virtual assistant and these professionals can find you or you can start your own virtual assistant agency. As a VA, you’ll take care of marketing, content creation, financial management, and more. 

 

There are lots of online jobs out there that require experience or education in that particular field. However, there are also many that don’t have these requirements. These are the top three online jobs that you can get with no experience. 

 

Top 3 Reasons to Work Online

If you desire flexibility and freedom in your life and you’re tired of working yourself to death for someone else, then it’s probably time that you find a job that you are able to do online from the comfort of your own home. 

 

In recent years, online jobs you can work from home have increased in popularity. Every day, more people make the jump from working a regular 9 to 5 job where they feel unfulfilled to working online from home at a job where they feel like they’re doing something for themselves and others. Are you ready to work online? In this article, we’ll take a look at the top 3 reasons to work online. 

 

No More Commute 

 

As long as there is an available internet connection, you are able to work. You don’t lose valuable time on a commute. Instead, those hours can be spent leisurely drinking your morning coffee- or even getting right to work. Think about it: if you have an hour commute, you’re losing 10 hours a week on driving- at a minimum. That’s not counting on any extra traffic. If you can work from home, you don’t have to worry about losing that time. 

 

Freedom & Flexibility with Work 

 

There are lots of different ways you can generate an income online. In fact, every day there seems to be something new pop up. Therefore, when you work online from home, you have options. You can take surveys, set up affiliate accounts at various retailers, write product reviews, and so much more. If you do something for awhile and you get tired of it, you can switch it up. 

 

You are Your Boss 

 

Perhaps the greatest reason to work online from home is the fact that you are your own boss. This means that you can take time off when you need or want to, you can work extra if you want to. Being your own boss is such a feeling of freedom. You no longer have to worry so much about punching a time clock. 

 

Bottom Line 

 

If you are considering an online work from home job, keep these things in mind as the top 3 reasons to work online. Of course, there are many more- these are just the ones that people most often mention when they are making their case for working online from home. 

 

Top 5 Highest Paying Online Side Hustles

We are living in the age of remote work and more people are going to online side hustles every day for some extra income. All you need for online work is a computer and a stable internet connection. Of course, you’ll also need some patience and determination, but it is possible to earn a decent income through online side hustles- and possibly even reach the point where you can replace your full-time job with an online one. In this article, we’ll take a look at five of the highest paying online side hustles.

 

Online Coaching 

 

If you are good a guiding people, online coaching may be a good option for you. There are no special skills needed- and it pays quite well. Simply figure out what you’re really good at and offer coaching in that area. If you’re not sure that it would work for you, consider hiring a coach to guide you through the process. You can learn more about it and figure out if it’s something that you’re truly interested in. Average earnings are around $57,000 per year. 

 

Online Teaching 

 

In the past few years, online learning has become the preferred method for most people because it offers flexibility. Students are not stuck on a specific schedule that they have to be in class at a certain time. Teachers are able to be more flexible as well and can schedule classes around their own schedule. Average earnings are around $47,000 per year.

 

Virtual Assistant 

 

Many people are starting their own businesses and realize quickly that they don’t always have time for the “details” of the business. This is where they hire a VA to help them. The VA takes care of things like emails, scheduling meetings, and more so that they business owner is freed up to do other things. Average earnings are around $60,000 per year.

 

Freelancing 

 

Being a freelancer is a lot like being in an office, but with much more flexibility. You can try new things and work with a variety of clients to find what you’re really good at. You are in charge of how much you earn. If a contract isn’t paying well enough, you can negotiate it to make more. Average earnings are around $45,000 per year- more if you have specialized skills such as web coding. 

 

Dropshipping 

 

This is a great option because it allows you to sell products without having to purchase inventory. This means that you can focus on your customer experience and marketing your products. Average earnings are around $50,000 per year. 

 

As you can see, there are several side gig that pay pretty good, if you’re willing to put in the effort to make them work. You can use this income as “extra” money to set aside for other things or you may even be able to replace your full-time income. 

 

5 Ways To Boost Your Optimism

Most of the experts agree that people are born to be optimistic. As time goes by, this optimism is challenged by society and in the worst cases it can result in pessimism. You need to do everything that you can to boost your optimism and, in this article, we have 5 great ways that you can do this.

 

1. Accept that you have Flaws

 

Nobody is perfect and optimists accept this. Their level of self-worth is always high even though they are aware of some flaws in their character or physical body. They will accept these flaws and work on them if they are important. We all have flaws so just accept this and move on with your life.

 

Of course, some of your flaws may be preventing you from becoming an optimist and you definitely need to do something about these. Maybe your state will change in a heartbeat from positive to negative because something triggers this for example.

 

2. Start and Maintain a Journal

 

Having a journal where you can record your journey to optimism and more is definitely beneficial. Anything can serve as a journal for you as long as you can write in it regularly. A simple notebook is all that you need to get started.

 

When you start your journal be sure to write your goals, your WHY statement and your plans in it. It is also important that you use your journal to record the things that you are grateful for in your life. We also recommend that you record any setbacks in your journal and what you did to overcome them.

 

There are numerous benefits from having a journal. You can make a commitment to review your journal periodically to see just how far you have progressed. Record all of your daily tasks in your journal that you need to complete to achieve your goals.

 

3. Don’t let something Hold you Back

 

You may feel that something is holding you back from making the transition to optimism. This can demotivate you and really test how strong your optimism is. Perhaps it is something from your past that continues to haunt you. Whatever it is you need to let it go.

 

The benefits of optimism are far too important to let one thing hold you back whatever it is. If this is a problem with your character then you need to fix it. An optimist will always relish a challenge like this because they will learn and grow from it.

 

4. Think about why Tomorrow will be so good

 

At the end of each day, give some thought to the things about tomorrow that really excite you. Write down three things that you are really looking forward to the next day. Some days will be difficult for you and this is a great way to overcome any disappointment. Focus on one of the things that you have identified about tomorrow and experience how good it feels.

 

5. Stop Complaining about things

 

If you have always been a complainer then you need to gradually reduce the amount of complaining that you do. Things are always going to go wrong in life and complaining about them never achieves anything other than to put you in a negative state of mind.

 

Instead of complaining, accept that bad things happen and fix the problem. It is not the end of the world if your car or your computer stops working. Complaining wastes your valuable energy. Just fix the problem and move on.

 

Changing Your Thoughts For Optimism

The biggest challenge with making the transition to optimism is the changing of your current thoughts. You need to have unwavering belief in your ability to change your thoughts if you want to be successful. There are plenty of examples of people that have changed their thinking to be more optimistic in their life. You can do it too.

 

Deal with your Self-Talk

 

You will have self-talk going on in your head most of the time. Self-talk can be both positive and negative and it is the way that you deal with negative self-talk that is the most important factor. If you are not able to challenge any negative self-talk then you will never be an optimist.

 

Even when you start to become more optimistic, negative self-talk is still likely to happen. If you let this linger then it will result in a negative thinking spiral. You can neutralize any negative self-talk with positive self-talk.

 

Reframe Negatives into Positives

 

We have a tendency to focus more on negative thoughts than we do positive ones. This is something that you can and must change if you want to be an optimist. Every time that you experience a negative thought then you must neutralize it with a positive one.

 

Let’s say that you experience a negative thought like “I can’t do this”. The best way to do with this is to think “I can do anything”. You will need to be persistent with your neutralizing from negative to positive. After a while you will experience far fewer negative thoughts.

 

You need to move away from your Comfort Zone

 

One of the main reasons that there are so many pessimists is because they do not want to venture outside of their comfort zone. Optimists are happy to move away from their comfort zones because they see this as a way to grow as an individual.

 

An optimist is always willing to do things that they have never done before, whereas a pessimist will run away from new challenges. Look to break out of your comfort zone by doing as many new things as you can.

 

Identify what you want and Focus on it

 

A pessimist has no idea what they really want from their life. As a result, they are controlled by life and just drift along aimlessly. If you want to be an optimist then you need to take the time and effort to identify what you want and then focus your attention on this.

 

Most people have no clue what they want because it takes effort to think about this. It is much easier to sit in front of the TV watching meaningless junk or while away the hours doing pointless things on social media. You need to commit to finding out what you want and setting goals to achieve this.

 

Identify and Eradicate your Limiting Beliefs

 

The reason that you are not an optimist right now is because you probably have a number of limiting beliefs that are holding you back in life. Most of these limiting beliefs probably started when you were a child so they are not going to be easy to eradicate. But eradicate them you must.

 

One of the most effective ways to eradicate limiting beliefs is to use neuro linguistic programming (NLP). There are specific techniques designed to replace limiting beliefs with empowering ones that will make you more optimistic.

 

How Thoughts Relate To Optimism

If you want to be an optimist then it is very likely that you will need to change your thinking. Our thoughts are very powerful. What you have or don’t have in your life right now is down to your thoughts. Every action that you take in life is driven by a thought. 

 

As human beings we have to contend with a lot of thoughts swirling around in our heads each day. Some of these thoughts are positive and some are negative. The way that we handle these thoughts defines who we are.

 

You are in Control of your Thoughts

 

It might not seem like it at times, but you are in total control of your thoughts. A lot of people don’t believe this and believe that they have been dealt a specific hand in life and that they are stuck with this. Don’t believe this because it isn’t true.

 

You can change your thoughts and you will need to do this to transition to an optimist. A pessimist will pay attention to all of the negative thoughts that they experience. These can be from their own self-talk or triggered from an external stimulus. An optimist will manage the thoughts that they experience.

 

Our Thoughts, Emotions and Behaviors are Linked

 

Only when you pay attention to a thought do you give it power. When you focus on a specific thought you will experience emotion about it. If the emotion is strong enough it will change your state and this will result in a behavior change.

 

This can work in an empowering way or a disempowering way. If you are focusing on a positive thought then this can lead to strong emotion and a desire to make good things happen. The opposite is true if you focus on a negative thought.

 

Repetitive Thoughts Shape your Life

 

The thoughts that you experience over and over again will shape your life. If you experience the same thought many times it can quickly become a habit. Habits can be good or bad of course. Each time that you think the same thoughts you will strengthen the habit that you have formed.

 

If you want to be an optimist then you will need to break negative thought patterns that you have. This is not easy to do but it is certainly possible using the right methods and with consistent effort. 

 

Your Subconscious Mind is so Powerful

 

Your subconscious mind is where everything is stored that you do on autopilot. Once you learn to drive you will do this automatically after a while. It becomes a habit and is stored in your subconscious. 

 

You will also store your beliefs in your subconscious mind. Beliefs can empower you or they can limit you. In order to make the transition to optimism, you will need to identify and eradicate any limiting beliefs that you hold.

 

Your Subconscious is Reprogrammable

 

The good news is that you can reprogram your subconscious mind to help you make the transition to optimism. With your subconscious mind on your side and not working against you, there will be no stopping you.

 

If we could not reprogram our subconscious minds then change would be extremely difficult if not impossible. We would have to remember to make each change consciously which is not likely to be successful in the long term.

 

How To Stop Being A Pessimist

The first step that you need to take to transition to optimism is to stop being a pessimist. There is a reason for your pessimism and the most likely one is that you are being pessimistic to hide some insecurities that you have. Optimism and positive thinking are the opposite of pessimism, so you need to do everything you can to stop your pessimistic ways.

 

Tackle Irrational Fear

 

We all have irrational fears, but pessimists seem to have more than most. If you want to be an optimist then it is critical that you tackle the irrational fears that are holding you back. The most effective way to do this is to tackle them head on.

 

Over the years you will have strengthened your irrational fears by acting on them so it will not be easy to overcome them. But when you confront your irrational fears head on and overcome them, you will give your self-confidence a much-needed boost.

 

Change from Rigid Thinking to Flexible Thinking

 

Most pessimists are rigid in their thinking. They believe that they can either do something or they can’t and that there is no other possibilities. Pessimists tend to focus on these “impossibilities” and this holds them back.

 

With flexible thinking, you will always believe that there is another way. If you cannot do something right now then you can change this with persistence and time. Flexible thinking will allow you to see other possibilities.

 

Don’t be controlled by others

 

Worrying about what other people think about them is a common trait for pessimists. They are afraid to do anything new just in case someone disapproves of what they are doing. An optimist will take responsibility for their own life and will not care what other people think.

 

If you have this problem then you need to change your thinking here. Most people are far too busy to concern themselves with what you are doing. When someone does state an opinion, you do not have to accept this as fact. Most of the time it will not be true anyway.

 

Reduce your Exposure to Negativity

 

Pessimists will thrive on negativity. When you want to change to be an optimist then you need to reduce your exposure to negativity as much as you can. This includes people and things that are negative. It will not be possible for you to totally avoid negativity but reducing it as much as you can needs to be your aim.

 

Social media is a haven for negativity so reduce the amount of time that you spend on it. It doesn’t matter if you are not connected all of the time. Missing some meaningless notifications will not be a problem. 

 

Express Gratitude

 

Pessimists usually focus on the things that they do not have in their lives. They are always wanting something new and are not satisfied until they get it. Optimists are grateful for what they have and know that expressing gratitude will result in further abundance.

 

Take a look around you and express your gratitude for the people and the things that you have in your life right now. While you are focusing on this you will not be worrying about your future or the mistakes that you made in the past.