Basic IncomeBasic Income
BonusBonus
CommissionCommission
Direct DepositDirect Deposit
Earned IncomeEarned Income
Exempt vs. Non-Exempt StatusExempt vs. Non-Exempt Status
Fringe BenefitsFringe Benefits
Gross IncomeGross Income
Gross PayGross Pay
Incentive PayIncentive Pay
Living WageLiving Wage
Merit IncreaseMerit Increase
Net IncomeNet Income
Net PayNet Pay
Pay FrequencyPay Frequency
Pay StubPay Stub
Payroll DeductionPayroll Deduction
Profit SharingProfit Sharing
Salary NegotiationSalary Negotiation
Salary SlipSalary Slip
Side HustleSide Hustle
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Side Hustle

Definition

A part-time job or gig that you do in addition to your regular job to earn extra income and explore new opportunities.

What to consider

  • Balance extra work with your main job to avoid burnout.
  • Track your additional income to improve budgeting accuracy.
  • Evaluate the sustainability of the gig over time.

Real world scenarios

  • Ana bakes custom cakes after work, generating extra cash that eventually helps her launch a full-time bakery.
  • Thomas drives for a ride-sharing service on weekends, using these funds to pay off student loans more aggressively.
  • By juggling a blog that earns ad revenue, Bianca’s side hustle complements her day job and expands her writing portfolio.

Related terms

Payroll Deduction
Pay Stub
Salary Negotiation
Basic Income
Gross Income

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