56% of Millennials had a secondary activity during the pandemic. Should you?

If it seems like half of the people you know have some sideline activity in addition to their main job, you’re probably not alone. A good 56% of millennials have struggled during the pandemic, reports MassMutual in a recent poll. Of these, 63% were motivated by the desire for extra money, while 30% wanted the opportunity to do a job they are passionate about.

At the same time, however, 80% of Millennials report experiencing some level of burnout. And a lot of it could come down to stretching too thin.

You may be thinking about getting financial help to increase your savings account balance, pay off debt, or work toward some other goal. Or, you might want a second gig to gain access to some extra pocket money that you can use on a day-to-day basis. There are many ways to improve your financial situation with extra work. But before pursuing one, ask yourself these important questions.

1. Am I good at time management?

To be successful at a side business, you need to be good at managing your time. You want to be honest with yourself before committing to any work you do in addition to your main job. If you generally have a hard time in this area, you may want to either refrain from having a side activity or limit yourself to an activity over which you have full control.

For example, if you sign up to drive with a carpooling service, you can choose when you want to work and you can work as few or as many hours as your schedule allows. But if time management isn’t your strong suit, be careful not to take on a side job that requires you to show up to a client’s house or a workplace, like a store or restaurant.

2. How demanding is my current job?

If your main job requires you to have a fairly consistent schedule that is not too demanding, then getting a sideline may be a reasonable thing to do. But if you frequently work long hours and log in on weekends, taking a second job might end up being too much for you to handle.

3. Do I really need the money?

There are benefits to getting a sideline beyond earning the extra money. Your side job could help you meet new people and potentially explore career opportunities that will put you on a better path.

But if you’re hesitant to find a second job because you’re already pressed for time and don’t really need the money, you might want to wait. There may be other ways to expand your social circle or learn work skills that don’t require you to spend as much free time at work.

What’s the right call?

If you’re about to have a sideline, a good bet is to start with a gig that doesn’t require a huge time commitment, or one with a very flexible schedule. This way, you can easily get started with this job and make sure it works for you.

Having the extra money is certainly nice. But you shouldn’t sacrifice your well-being to get it.

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