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Instructions: Save your own copy of this sheet by clicking File > Make a Copy. Record your monthly incomes and expenses in the chart below. Your total income, expenses and profits will automatically be calculated.
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Brought to you by Accredited Debt Relief
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Monthly IncomeMonthly ExpensesMonthly Side Hustle ProfitsTime
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Use this section to record your monthly side income. In our example, we've included three separate freelance assignments, participation in one research study, and a weekly babysitting job. You can list your monthly earnings as you best see fit - feel free to get creative! Use this section to keep track of any expenses associated with your side work. Do you have to buy materials to make the goods you sell? Do you have a yearly web domain fee? Does your side work come with travel expenses? Include any expenses you may have here. Additionally, your side income may be taxable - set aside a monthy percentage so that you're prepared for tax season!Is your extra work paying off? Subtract your monthly expenses from your monthly income to see how much you're making from your side hustle.Do you have the time to pursue your hustle? Use this tool to calculate your average weekly commitments and determine how much free time you have left over.
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Monthly Income$865.00Hours in one week168
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Side Hustle IncomeMonthly Expenses$30.20Sleep (8 hours/night)56
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Freelance Article - Acme Co.$250.00Side Hustle CostsMONTHLY PROFIT$834.80Primary Job Hours40
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Freelance Blog - The Deal Store$200.00Travel Costs$24.00Chores and Errands10
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Freelance Email - Cindy's Cookies$80.00Supplies$0.00Secondary Job Hours10
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Thursday Night Babysitting (4 hrs and $65/week)$260.00Subscription Fees$5.00Other Commitments3
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Virtual Focus Group (12/19/2020)$75.00Website Fees$1.20School or other Coursework4
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$ Set Aside for Taxes (15.3%)$0.00TIME LEFT OVER
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Other$0.00WEEKLY45
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DAILY6.4
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TOTAL MONTHLY INCOME$865.00TOTAL EXPENSES$30.20
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