Site icon The TurboTax Blog

Get Ahead of Holiday Spending with These Seasonal Side-Gigs

Young beautiful woman creating making christmas decorations, crafting xmas wreaths

With the holidays approaching, some people are beginning to stress out. Buying gifts can be a joy, but it can also be a huge hit to the wallet.

According to one study, the average American spent over $900 on gifts!

There’s no information on how many people budget for presents, but based on what we hear from others, a good chunk of the overspending can be due to impulse and last-minute buys.

If you’re worried about going into debt this season, we have a way you can avoid it and possibly earn some extra cash to offset any unexpected or more expensive costs that pop up.

Earn Extra Money This Season

The sharing economy, among other factors, has been a driving force in creating extra opportunities to establish an income stream.

The beauty of side hustles – even seasonal ones – is that they open up options you didn’t have before. You can use the money to supplement your spending over the next few months and/or save up for an important goal you have coming up next year.

With so many options out there, you can find one that fits your needs and suits your work schedule.

6 Superb Seasonal Side Gigs

Ready to earn some more money, but not sure where to start? Here are six side gigs you can try out this season!

Track Your Extra Income

As awesome as extra money in your pocket sounds, you want to make sure things are all settled and organized come tax time.

Many side gigs don’t withhold your taxes, so it’s up to you to make sure you’re being smart about what you may owe when it comes time to file. Apps like QuickBooks Self-Employed help you easily keep tabs on your income and expenses year-round. Your information can easily be imported to the TurboTax Self-Employed product to be ready for tax time.

After entering your basic information, it also lets you know how much you need set aside for taxes.

Thoughts on Side Gigs

We’d love to hear from you – what side gigs are you picking this season? How will you spend the money?