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A side hustle provides an increased financial freedom that can not only help with getting out of debt, but it can also help with saving for a rainy day, building a future, taking care of large purchases or maintenance required around the home. It can also provide for a bit of discretionary spending in your monthly budget.

Another benefit of having a side hustle is that they allow for flexibility in workplace and working hours. Often, side hustles are solopreneurial or entrepreneurial endeavors, and when you’re the boss you get to call the shots – including when and for how long you’ll work. This can be appealing to those who feel weighed down with the rigors and expectations of a traditional 9-to-5 job.

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