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You’re excited to start planning your wedding with tips and advice from All Things Wedding Utah. But as you form your vision for the big day, you realize that your dream wedding is going to cost a lot more than you thought. The solution? You don’t necessarily have to cut big-ticket items – instead, you could build up a side hustle to bring in some extra money before the wedding! Here’s how to choose a business idea, balance your side-hustle with your full-time job, and manage your extra income properly to save for your wedding.
Consider Your Skillset
With so many possible side hustle options, it can be tough to narrow down your options and choose one business idea. To make your decision easier, think about your skillset. For example, if your friends always compliment your baking skills, you could offer custom baking goods. If you’re a great writer, you could give freelancing a try. You could also run errands for people, become a house cleaner or organizer, tutor kids, or work as a virtual assistant.
Establish an LLC
Even if you just plan to run your business as a side-hustle, not a full-time project, you can still benefit from forming your small company as an LLC in Utah. The paperwork is quite minimal, and the perks are worth it – you’ll be able to protect your personal assets and enjoy specific tax breaks! If you’re having trouble navigating the rules in your state and would rather not file by yourself, you don’t need to budget for a lawyer. An affordable online formation service is a better option.
Find Your First Clients
You’re eager to start making money from your side hustle and saving more for your wedding – but when you’re just starting out, how are you supposed to find your first clients? The Freelance Hustle recommends telling your social circle about your new business, advertising your products or services on social media and through your website, or going to local networking events. Word of mouth is a powerful form of marketing, and you never know how many of your relatives, friends, or neighbors would be interested in patronizing your business!
Manage Your Time
You’re working at a full-time job, you’re planning a wedding, and now you’ve got a side hustle going. It’s easy to take on too much and feel like you’ve overloaded your schedule. To manage your time well, Addicted 2 Success recommends blocking out specific hours to focus on your side hustle. This could mean the two hours before your full-time job in the morning, a few hours on the weekend, or an hour or two after dinner at night. Ideally, you’ll want to maintain specific boundaries between these different responsibilities.
Save Your Money
You’re starting a side hustle to create a little more wiggle room in your wedding budget, so it’s important that you don’t get too excited about the additional spending money coming in! It’s a good idea to open a bank account for your side hustle income. You can get a debit or credit card connected to the account to cover wedding expenses.
Make sure to deposit any income from your side hustle directly into this account. That way, you won’t be tempted to spend it on other items or activities that are not part of your wedding budget! And don’t forget that you’ll need to pay taxes on this income. If you don’t know how to report self-employment income on your taxes, schedule a meeting with an accountant for assistance.
When you’re planning a wedding, it’s easy to get tripped up by vendors and decor choices that cost more than you expected. Throwing a big party comes with a big price tag! But by starting a side hustle, you can afford to splurge a little when you tie the knot.
Ready to start planning your wedding? Find your vendors through All Things Wedding Utah! Check out our blog today to begin your search.