Pro-tip: Open a separate checking account for your business so you can track the expenses.
in the U.S. say that their side hustle served as their primary source of income over the past year.
If your business idea requires overhead, you may be wondering how you can bridge the gap from where you are now to a steady stream of new income — and more financial freedom. The good news is, if you look in the right places, there are a few simple ways you to get started.It’s easy to buy supplies and materials when cash is flowing freely, but right now, this isn’t the case for most of us.
Consider applying this concept to your personal and side-hustle-related bank accounts to maximize your savings from numerous income streams and invest in scaling your side gig.Co-mingling of funds happens when your personal and business transactions are taken from the same account. This is generally frowned upon, as it can lead to tax and legal issues down the road.
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