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5 holiday side hustles to boost your end-of-year budget
Yahoo Finance· 2025-10-31 18:44
Core Insights - The average consumer plans to spend $890 on holiday-related expenses this year, indicating a significant financial commitment during the holiday season [1] - The holiday season presents opportunities for side hustles, which can help individuals generate extra income to manage holiday expenses [2] Side Hustle Opportunities - **Gift Wrapping**: Professional gift wrappers in the U.S. earn an average of $18 per hour, with various service options available [4][5] - **Grocery Delivery**: Workers can earn between $15 to $25 per hour after tips by delivering groceries for services like Instacart and Amazon Fresh [6] - **Pet Sitting**: Pet sitters can connect with clients through apps like Rover and Wag!, with the potential for higher earnings by working directly with referrals [8][9] - **Seasonal Retail**: Retailers hire seasonal workers for increased demand, offering positions such as cashiers and stock associates, often with the possibility of full-time employment post-holidays [10][12] - **Selling Goods Online**: Crafty individuals can sell handmade items on platforms like Etsy or flip thrifted items on eBay and other marketplaces [13] Considerations for Side Hustles - Earnings from side gigs are taxable, and individuals should set aside 25% to 30% for estimated quarterly taxes [14] - It is essential to check for any noncompete clauses with primary employers that may restrict side hustle activities [15] - Individuals should assess the impact of a side gig on their overall situation, considering time management and potential upfront costs [16][17]