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Working full time at ajob with good potential down the road, but just not having the pocket $ I would like. Considering taking on a side job in the evenings just to make a little mad money. Is it worth it? or should I just pull back on savings to enjoy life a bit more. I would consider the second job a temporary thing until my "career" takes a step forward.
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I think it depends on your situation. Are you having any difficulty paying your bills? Are you behind on anything? Do you have any outstanding debt like credit cards, student loans, etc? If so, then I think boosting income is critical. If not and you just want more "blow" money, then a 2nd job is more of a lifestyle choice than a financial necessity. Also, look at how much you are currently saving. Are you putting 15% toward retirement? Are you saving for other future needs? If not, that makes the 2nd job that much more important.
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going. |
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If you're young, single, on top with your bills, and already saving, I say go for it. My motto is I'd rather be making money, than spending money. Is it worth it? Thats all on you for priorities with time, family, friends, sanity, etc. Or if you can make money off a hobby or an interest you enjoy, even better. Just don't burn yourself out as I've done in the past.
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3 questions: as a percentage of your take-home pay (after tax)...
- how much do you spend on housing? (rent + renter's insurance, or mortgage + taxes + insurance) - how much is your car payment? (if any) - how much goes to other debt payments? (student loans, credit cards, personal loans, etc.)
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-JPG `It is more blessed to give than to receive.' Acts 20:35b |
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Things to avoid:
Working a second job that tires you to the point that your performance suffers at job #1. It's not worth a little extra money to potentially delay career advancement. Working a job that sacrifices other priorities like time with family/friends when the money is not needed for necessities. Ideas for 2nd job: Find something that has few hours so that you have time to enjoy the extra money you're earning. I teach GRE prep classes on the side. I get paid a good hourly rate, but only work a few hours, some weeks its zero because I'm between classes, others is 3-6 hours/week if I've got 1 or 2 classes running. Not enough to interfere with my day job or take away all my free time, but still decent money. |
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Any extra $ is a good buck. No one would turn their heads away to an open opportunity to earn extra. We have to admit, we all need it. I myself has accepted that getting a part time job besides the normal 9 to 5 day job is pretty much rewarding. You just have to take time to choose what you would do.
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