Make extra money with a side hustle
Money might not buy happiness, but it’s always nice to have a little more of it. The average pay check usually goes straight towards the necessities – buying groceries, paying bills, or perhaps funnelling away funds for a first home deposit. By the time you’ve divided up your earnings, there’s not a lot left to treat yourself with. Enter the side hustle.
What is a side hustle?
A side hustle is all about making a little extra money on the side to help you reach your financial goals sooner. Rather than taking up another part-time job, it’s more about turning a hobby, passion or skill into something that can make money and be done in the evening at home or weekends outside of your regular 9-to-5.
Reasons to start a side hustle
It might come as a surprise, but there are a variety of different reasons why people choose to start a side hustle.
To pay off debt
Paying off a debt can feel overwhelming, especially if it’s a hefty one. Between HECS repayments, personal loans, chipping away at the mortgage and managing credit-card repayments, it can be difficult to make ends meet and still have cash left over for everything else. By starting a side hustle, you can ease the pressure by contributing extra earnings towards repayments.
To save for something special
Whatever you’ve got your sights set on, additional funds generated from a side hustle could help make those more indulgent spends far more doable and easier to justify.
To prepare for the unexpected
Car accidents. Broken washing machines. A freak injury at training. When something goes wrong, the last thing we need to worry about is how to cover the cost. A side hustle can bring in extra money you can bucket into an emergency expenses account so that when the unexpected happens, you’re prepared.
To feel empowered
Money aside, there’s the feeling of accomplishment for a job well done or starting a new small business that actually takes off! Using your skills to serve others – be it altering people’s garments or building websites for small business owners – can be both a personally rewarding and lucrative endeavour.
Our top 10 side hustle jobs to consider
Keen to start cashing in but not sure where to start? Here are a few popular side hustle ideas to get you started.
Video editing
If you’re a post-production whizz, the world’s your oyster. Whether you create your own YouTube channel or Instagram account to generate passive income from ads and sponsor deals, or edit content for other businesses, you could be in for quite the pay check.
Writing
Got a knack for the written word? Freelance writing could be your calling. There’s solid demand for writers to whip up social media content, SEO web copy, blogs and articles. Keep an eye on LinkedIn, opens in new window for opportunities.
Photography
Turn your hobby snapping photos into a profitable side gig. Make extra cash on weekends shooting weddings or sporting events, or by selling framed or canvas prints at community markets.
Tutoring
If you know the French Revolution like the back of your hand or can speak Italian with stunning fluency, perhaps you could help students study for exams as an after-hours tutor to earn some extra income.
Sell crafts on Etsy
When it comes to creative side hustles, there’s no looking past Esty, opens in new window. Whether you’re crocheting cute little critters to sell or custom-made ceramics, selling your works online could prove to be a great way to make money on the side.
Housekeeping/Organising
If you read The Life Changing Magic of Tidying Up by Marie Kondo and suddenly found the same passion for decluttering as the Japanese legend herself, consider offering your time to help people organise and clean their homes for a set fee.
Put your handyman skills to use
From fixing dripping taps to assembling flat-pack furniture, if you’ve got a handy skill, you should put it to use. Websites like Airtasker, opens in new window are the perfect place to score some cash helping people with odd jobs around the home.
Buy, fix and resell
Calling all carpenters, mechanics and builders! If you’re after a little more money on the side of your 9-to-5, flipping furniture, restoring cars or renovating property could be the ultimate side hustle for your skills.
Babysitting
New uni textbooks can cost a fortune. If you’re a student looking for some easy money to help make ends meet, consider babysitting for busy families on the odd Friday evening or working as a live-in nanny while you’re on semester break.
Dogsitting
Help pet owners ease their pup’s separation anxiety by dogsitting while they’re away. Not only do you get paid, you also get to play with a cute fluff ball for a few hours.
Starting a side hustle the right way
If you’re ready to take the next step, take a look at our checklist for starting a new business. And if you are starting out and looking to get your own business account, take a look at our NAB business transaction accounts. You may also like to consider why you should open a separate business bank account.
Thinking about starting a business? We have tips, tools and solutions to back you.
Request a call back or call us on 13 10 12
What is a side hustle?
A side hustle is all about making a little extra money to help you reach your financial goals sooner. Rather than taking up another part-time job, it’s more about turning a hobby, passion or skill into something that can make money and be done in the evening or weekends outside of your 9-to-5.
Reasons to start a side hustle
It might come as a surprise, but there are a variety of different reasons why people choose to start a side hustle.
To pay off debt
Paying off a debt can feel overwhelming, especially if it’s a hefty one. Between HECS repayments, personal loans, chipping away at the mortgage and managing credit-card repayments, it can be difficult to make ends meet and still have cash left over for everything else. By starting a side hustle, you can ease the pressure by contributing extra earnings towards repayments.
To save for something special
Whatever you’ve got your sights set on, additional funds generated from a side hustle could help make those more indulgent spends far more doable and easier to justify.
To prepare for the unexpected
Car accidents. Broken washing machines. A freak injury at training. When something goes wrong, the last thing we need to worry about is how to cover the cost. A side hustle can bring in extra money you can bucket into an emergency expenses account so that when the unexpected happens, you’re prepared.
To feel empowered
Money aside, there’s the feeling of accomplishment for a job well done or starting a new small business that actually takes off! Using your skills to serve others – be it altering people’s garments or building websites for small business owners – can be both a personally rewarding and lucrative endeavour.
Our top 10 side hustle jobs to consider
Keen to start cashing in but not sure where to start? Here are a few popular side hustle ideas to get you started.
Video editing
If you’re a post-production whizz, the world’s your oyster. Whether you create your own YouTube channel or Instagram account to generate passive income from ads and sponsor deals, or edit content for other businesses, you could be in for quite the pay check.
Writing
Got a knack for the written word? Freelance writing could be your calling. There’s solid demand for writers to whip up social media content, SEO web copy, blogs and articles. Keep an eye on LinkedIn, opens in new window for opportunities.
Photography
Turn your hobby snapping photos into a profitable side gig. Make extra cash on weekends shooting weddings or sporting events, or by selling framed or canvas prints at community markets.
Tutoring
If you know the French Revolution like the back of your hand or can speak Italian with stunning fluency, perhaps you could help students study for exams as an after-hours tutor to earn some extra income.
Sell crafts on Etsy
When it comes to creative side hustles, there’s no looking past Esty, opens in new window. Whether you’re crocheting cute little critters to sell or custom-made ceramics, selling your works online could prove to be a great way to make money on the side.
Housekeeping/Organising
If you read The Life Changing Magic of Tidying Up by Marie Kondo and suddenly found the same passion for decluttering as the Japanese legend herself, consider offering your time to help people organise and clean their homes for a set fee.
Put your handyman skills to use
From fixing dripping taps to assembling flat-pack furniture, if you’ve got a handy skill, you should put it to use. Websites like Airtasker, opens in new window are the perfect place to score some cash helping people with odd jobs around the home.
Buy, fix and resell
Calling all carpenters, mechanics and builders! If you’re after a little more money on the side of your 9-to-5, flipping furniture, restoring cars or renovating property could be the ultimate side hustle for your skills.
Babysitting
New uni textbooks can cost a fortune. If you’re a student looking for some easy money to help make ends meet, consider babysitting for busy families on the odd Friday evening or working as a live-in nanny while you’re on semester break.
Dogsitting
Help pet owners ease their pup’s separation anxiety by dogsitting while they’re away. Not only do you get paid, you also get to play with a cute fluff ball for a few hours.
Starting a side hustle the right way
The important thing to keep in mind about making money on the side is that you need to set yourself up appropriately for the kind of jobs you’ll be doing. This could mean applying for an ABN, opens in new window or ensuring you have the right licence or permit to grow your side business, opens in new window.
If you’re ready to take the next step, take a look at our checklist for starting a new business.
You might also be interested in
Business transaction accounts
Whether your business is getting started or growing, we've got the right transaction account for you.
Turning a hobby into a business
How Mari-Mar Walto combined her hobbies to create a niche travel agency.
Do I need a separate business bank account?
Find out why it’s a good idea to keep your business and personal banking separate.
Seven steps to starting a successful tradie business
Use our checklist to check you’re still on the right track.
Starting a new business
Tools, tips and resources to help you with planning and setting up a small business.
Top 10 easy side hustles you can start now
NAB Easy Tap
Learn how the NAB Easy Tap app can turn your Android device into an EFTPOS reader.
Get in touch
Contact us
Visit our business banking contact page for how-to-guides and FAQs, as well as contact numbers.
Visit a NAB branch
Our business bankers are located all around Australia.
Important information
Apologies but the Important Information section you are trying to view is not displaying properly at the moment. Please refresh the page or try again later.