While most people see their expenses increase in December due to the holidays, now can also be the perfect time to finish the year on a positive note with your finances. One way you can do this? Taking on a seasonal job or side gig!
Picking up a seasonal job can be a wonderful chance to boost your income. It can be a way to:
- have a debt free holiday
- start or build up your emergency fund
- pay down your credit cards
- earn money to invest in your IRA
While one of the most popular options for a seasonal side gig is retail, there are a few others that can earn you a bit more money and give you some flexibility on your schedule.
- Yard Help/Winter Prep: I know it’s snowy in certain parts of the country already, but here in North Carolina, it still feels like fall with leaves scattered everywhere. I think you’d find some busy people who are willing to have you do some yard maintenance for them.
- “Side Hustles”: If you’re an expert at something, see if you can take on small projects in that field. There are numerous sites online where you can offer your services, but one of my current favorites is Fiverr. You can quickly set-up an account and create manageable gigs. You can easily work around your schedule and make some extra money.
- Call Center Representative: If you enjoy speaking with others, but like a more (business) casual dress environment, working at a call center may be a great fit.
- Delivery: You can pick up some extra money by delivering. Companies like UPS usually advertise for more employees this time of year. You can also go a more local route, delivering for a restaurant or food courier service.
- Restaurant/Caterer: With more people out to eat, you may be able to snag a job as a server, kitchen member, or hostess for a catering company or local spot. You can also check out resources like Craigslist to find local opportunities too.
Side Gigs and Your Taxes
As much as we all love having cash come into our pockets, don’t forget that income earned from side gigs is still taxable. Keep good records so you don’t forget any income or tax deductible expenses for a bigger tax refund. If you are an independent contractor and make $600 or more in a year, you should be getting a 1099-MISC in time to file your taxes. If you have an employer, you will receive a Form W-2.
I’d love to hear your thoughts and stories. How many of you have taken on seasonal work? How did you use the extra money? What has been your favorite gig?