pennyboosters

Side Income checklist

15 steps to start a side income the right way, from picking a gig to setting aside money for taxes.

Track your progress with a free accountGet the free Side Income Tracker

Choose well

Before you sign up for anything.

  • Write down your goal and weekly hours Guide
  • Compare a few gigs that fit your skills and time Guide
  • Check your day job's rules on outside work Guide
  • Learn the red flags of side-gig scams Guide

Set up properly

Thirty minutes that save hours later.

  • Open a separate account for side income Guide
  • Start a mileage and expense log Guide
  • Call your insurer about business use Guide
  • Set your rate to cover costs and taxes Guide

Handle the money

Taxes first, then the fun.

  • Set aside a share of every payment for taxes Guide
  • Put quarterly tax dates in your calendar Guide
  • Know which 1099 forms to expect Guide

Review and improve

Every three months.

  • Work out your true hourly pay for each gig Guide
  • Ask happy clients for reviews or referrals Guide
  • Drop the gig that pays least per real hour Guide
  • Check your hours still fit your life Guide