6 signs your side hustle needs a business bank account Bankrate 1/18/2021
Many Americans have a side hustle.
Popular Searches
Whether you make money in your spare time writing, walking dogs, delivering food or groceries, driving passengers, or some other way, you re not alone. According to a 2019 Bankrate survey, Americans with a side hustle earned $1,122 per month on average. That means a side hustle that s year round could bring more than $13,000 of income in.
Launching a side hustle can help you achieve your financial goals, such as paying down debt or saving for a down payment on a home. But if you re not careful, it can cause you problems later on, especially at tax time. That s where a business bank account can help.