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1 |  |  | 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. | ||||||||||||
2 | Brought to you by Accredited Debt Relief | ||||||||||||||
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4 | Monthly Income | Monthly Expenses | Monthly Side Hustle Profits | Time | |||||||||||
5 | 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. | |||||||||||
6 | Monthly Income | $865.00 | Hours in one week | 168 | |||||||||||
7 | Side Hustle Income | Monthly Expenses | $30.20 | Sleep (8 hours/night) | 56 | ||||||||||
8 | Freelance Article - Acme Co. | $250.00 | Side Hustle Costs | MONTHLY PROFIT | $834.80 | Primary Job Hours | 40 | ||||||||
9 | Freelance Blog - The Deal Store | $200.00 | Travel Costs | $24.00 | Chores and Errands | 10 | |||||||||
10 | Freelance Email - Cindy's Cookies | $80.00 | Supplies | $0.00 | Secondary Job Hours | 10 | |||||||||
11 | Thursday Night Babysitting (4 hrs and $65/week) | $260.00 | Subscription Fees | $5.00 | Other Commitments | 3 | |||||||||
12 | Virtual Focus Group (12/19/2020) | $75.00 | Website Fees | $1.20 | School or other Coursework | 4 | |||||||||
13 | $ Set Aside for Taxes (15.3%) | $0.00 | TIME LEFT OVER | ||||||||||||
14 | Other | $0.00 | WEEKLY | 45 | |||||||||||
15 | DAILY | 6.4 | |||||||||||||
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20 | TOTAL MONTHLY INCOME | $865.00 | TOTAL EXPENSES | $30.20 | |||||||||||
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