--- title: How to Handle Your Side Income description: Here are some tips on how to handle your finances if you have a side income or side hustle. image: https://blog.accesscu.ca/hubfs/How%20to%20handle%20side%20income.jpg --- #003B49 [![AccessCU\_Horizontal\_Colour\_pws-1](https://blog.accesscu.ca/hs-fs/hubfs/AccessCU_Horizontal_Colour_pws-1.png?width=199&height=50&name=AccessCU_Horizontal_Colour_pws-1.png "AccessCU_Horizontal_Colour_pws-1")](https://www.accesscu.ca/) Open main menu Close main menu [Tips & Advice](https://blog.accesscu.ca/tag/tips-advice) [Finances](https://blog.accesscu.ca/tag/finances) # How to Handle Your Side Income ![Access Credit Union](https://blog.accesscu.ca/hs-fs/hubfs/Access_LogoMark.jpg?width=45&name=Access_LogoMark.jpg) [Access Credit Union](https://blog.accesscu.ca/author/access-credit-union) [Share this blog post on Twitter](https://twitter.com/intent/tweet?text=I+found+this+interesting+blog+post&url=https://blog.accesscu.ca/how-to-handle-your-side-income) [Share this blog post on Facebook](http://www.facebook.com/share.php?u=https://blog.accesscu.ca/how-to-handle-your-side-income) [Share this blog post on LinkedIn](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.accesscu.ca/how-to-handle-your-side-income) ![](https://blog.accesscu.ca/hubfs/How%20to%20handle%20side%20income.jpg) Extra income from a side hustle is very exciting and can feel like a nice bonus. Discover our tips for making your side income work for you. For many reasons, side hustles are on the rise. Whether a side business is necessary to make ends meet, or a hobby turns into an extra income stream, it is important to create a budget and set financial goals. A purposeful plan for your finances can help you build savings and invest in yourself, even if you’re starting small. It can be tempting to treat income earned from a side hustle as extra income on top of a day job with few strings attached. While it’s nice to feel the freedom of extra cash on hand, without a plan, you might miss out on important goals or [opportunities](https://www.accesscu.ca/en/personal/saving). Remember - you worked for that money. It’s worth taking the time to [make it work for you](https://www.accesscu.ca/en/personal/investing). When starting to earn side income, build a budget for your ongoing expenses, save for taxes and future investments in your business, and set some short- and long-term goals. Start by building a rainy-day fund and make a plan to meet your goals. Financial planning is empowering and provides peace of mind. It’s easy to fall into the trap of treating a side income as a bonus, but you can turn it into a tool to help achieve your goals with a little bit of planning. Make it count! For help with managing side income, talk to a [wealth advisor](https://www.accesscu.ca/en/wealth/in-branch-wealth-management) or [visit your branch today.](https://www.accesscu.ca/en/contact/branch-atm)  ## Related Articles [![](https://blog.accesscu.ca/hubfs/Young%20couple%20lying%20on%20the%20floor%20with%20laptop%20booking%20holidays.jpeg)](https://blog.accesscu.ca/the-holidays-on-a-budget) [Saving](https://blog.accesscu.ca/tag/saving) [Tips & Advice](https://blog.accesscu.ca/tag/tips-advice) [Budgeting](https://blog.accesscu.ca/tag/budgeting) ### [The Holidays on a Budget](https://blog.accesscu.ca/the-holidays-on-a-budget) ### Yes, you can have a credit-free holiday season! ![Access Credit Union](https://blog.accesscu.ca/hs-fs/hubfs/Access_LogoMark.jpg?width=45&name=Access_LogoMark.jpg) [Access Credit Union](https://blog.accesscu.ca/author/access-credit-union) [Read More](https://blog.accesscu.ca/the-holidays-on-a-budget) [![someone finds money on the ground](https://blog.accesscu.ca/hubfs/Someone%20finds%20money%20on%20the%20ground.jpg)](https://blog.accesscu.ca/finding-money-to-save-money) [Saving](https://blog.accesscu.ca/tag/saving) [Tips & Advice](https://blog.accesscu.ca/tag/tips-advice) [Budgeting](https://blog.accesscu.ca/tag/budgeting) ### [Finding Money to Save Money](https://blog.accesscu.ca/finding-money-to-save-money) ### When you're busy, it's easy to lose sight of where you could be over-spending. Here are some ways you could find extra money in your day-to-day [budget](https://www.accesscu.ca/media/3457/budgetinghandout85x11.pdf). ![Access Credit Union](https://blog.accesscu.ca/hs-fs/hubfs/Access_LogoMark.jpg?width=45&name=Access_LogoMark.jpg) [Access Credit Union](https://blog.accesscu.ca/author/access-credit-union) [Read More](https://blog.accesscu.ca/finding-money-to-save-money) #### Connect with Access Credit Union Follow Access Credit Union on social media for financial advice and news from our member community.  [![facebookwhite\_64x64](https://blog.accesscu.ca/hs-fs/hubfs/facebookwhite_64x64.png?width=45&height=45&name=facebookwhite_64x64.png)](https://www.facebook.com/AccessCreditUnion) [![linkedin](https://blog.accesscu.ca/hs-fs/hubfs/linkedin-6-64.png?width=45&name=linkedin-6-64.png)](https://www.linkedin.com/company/access-credit-union)[![instagramwhite\_64x64](https://blog.accesscu.ca/hs-fs/hubfs/instagramwhite_64x64.png?width=45&height=45&name=instagramwhite_64x64.png)](https://www.instagram.com/accesscreditunion/)