I have another site Ways to Earn Money on the Side where I have had a number of requests to talk about personal financial management. As a matter of fact, most of my posts seemed to be heading that way, so I started a site devoted to the topic.
So do you really need to start a side gig or to learn money management?
Here’s a little quiz to help you decide.
If you received an extra $1,000 this month, would it:
- solve your money problems,
- solve your money problems for this month but they will return again next month, or
- allow you to purchase something that you want?
An honest answer, will determine where your problem lies.
1. Solve Your Money Problems
If your answer is number one, a side gig could definitely be your answer and Ways to Earn Money on the Side is for you.
2. Solve Your Money Problems for a Month
If your answer is number two, a side business may be the answer, but your problem could be deeper. You would be wise to determine exactly where your money is going, to see whether your problem is related to spending rather than earning. I suggest that you read my article on Managing Your Money, before you start looking for a side gig. If you are sure that your problem could be solved with a few extra bucks a month, take a look at providing a gig on Fiverr.com or similar sites. For more information on getting your first gig, I recommend reading my article Getting Your First Side Gig.
3. Allow You to Purchase Something that You Want
If your answer is number three, specifically the $1000 would be used as a down payment on something, a side gig will probably never solve your problem. Before you can control your finances, you will need to review your entire outlook on finance. You are in the right place, but I suggest that you first read my article on Managing Your Money for some tips in this area.
Thank you to Earn Money on the Side for graciously allowing us to repost this article on our site.
Need to plan a budget? get my free Budget Tracker template.
As always, I am not a qualified financial advisor. I just relate financial management to my own experience which may not resemble yours at all. Advice is frequently worth exactly what you paid for it. Most of mine came from expensive experiences.