Launching a Side Hustle to Help Pay for Your Wedding
Launching a Side Hustle to Help Pay for Your Wedding
Does your dream wedding exceed your budget? At Simple Marriages, we know that compromising on your wedding day isn’t ideal. Simple weddings can be beautiful and intimate, but they’re not for everyone. Instead of scaling back, consider working a side gig to bring in some extra cash so you can fund the wedding you want! Here are a few steps you will need to take to get started with your own side gig.
Consider Side Hustle Ideas
You can make money doing almost anything these days. Assess your marketable skills and come up with a side gig that monetizes your strengths. If you’re a great writer, for example, working as a freelance copywriter or blog writer could be a good way to earn some money. If you have a flair for drawing or painting, graphic design might be up your alley. You could also open an Etsy shop, tutor people online, launch a pet sitting business, or work as a virtual assistant online. You could even turn a hobby into a business!
Start Your Own Business
If you decide to start your own business, consider forming a separate business entity. This will make it easier to manage your finances, keep track of expenses, and prepare for tax time. And if you structure your new business as an LLC, you can protect your personal assets in the event of business-related lawsuits or other legal issues. Make sure the name of your business is available before registering your business. You can find more information about this, as well as the filing fees and requirements specific to your state, from online formation services.
Advertise Your Services
Marketing is essential for finding customers and earning money with your side hustle. If you’re on a tight budget, stick to free marketing methods like social media and content marketing. Launch an Instagram page for your business and start spreading the word. As HubSpot explains, Instagram is a fantastic marketing tool due to its visual nature. Consider an Instagram post generator using templates to create eye-catching posts that align with your branding. Just choose an Instagram post template and customize it with your own text, fonts, colors, designs, and photos.
Track Your Finances
Keeping track of your business finances is essential for saving money on taxes and avoiding fines. Even if you intend on using your business profits to fund your wedding or replenish your personal savings after the big day, it’s a good idea to keep your finances separate. Open a dedicated bank account for your business for easy financial tracking. Pay business expenses out of your business checking account and personal expenses out of your personal accounts. You can transfer business profits to yourself as needed, but try to keep some capital in your business for future investment.
Prioritize Your Wedding Spending
Budgeting is important regardless of how much money you have to spend on your wedding. Start by prioritizing items that you have your heart set on. The last thing you want is to run out of money and have to cut things that really matter to you. The Aisle Guide suggests creating a list of must-haves that you need to cover before spending on other items. If money is still tight, think about scaling back your guest list so you don’t have to compromise on your decor and entertainment.
If, on the other hand, your business winds up making more money than you need for your wedding, plan to manage this along with your wedding gift money. Consider putting the money in a joint account that you can use to build your new life together!
Don’t feel discouraged if you can’t afford the wedding of your dreams. Picking up a side hustle is a great way to earn some money so you can bring your big ideas to life! Monetize your existing skills, launch an official business, and start advertising to customers. Don’t put this off—your wedding day will arrive before you know it!
Are you dreaming of a simple, uncomplicated wedding? Simple Marriages can help you plan a small, romantic ceremony that won’t break the bank. Take a look around our website to learn more about our services!
