At a Glance

Debt can feel like a deadweight that’s impossible to shake off. But with the right side hustle, you can quickly raise money and get out of debt. Side hustles are a great way to make money on the side and provide an opportunity to pay down your debt quickly and gain better financial freedom. Let’s explore the top side hustles and how they can be used to tackle debt.

In this article, you’ll learn:



The average monthly income from side hustles.

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Best side hustles that can help you pay off debt

Whether you’re looking to pay off credit card debt, student loans, or any other financial obligations, here are some of the best side hustles that can help you achieve your goal:

1. Freelancing:

Freelancing is a versatile side hustle that allows you to leverage your skills and work on projects in your spare time. Whether you’re a writer, graphic designer, programmer, or social media manager, numerous freelance opportunities are available online. Websites like Upwork, Freelancer, and Fiverr connect freelancers with clients seeking their services.

2. Online tutoring

If you have expertise in a particular subject, online tutoring can be a lucrative side hustle. Many students and parents are willing to pay for personalized tutoring sessions. Platforms like and VIPKid offer opportunities to connect with students and teach them remotely.

3. Renting out your space

If you have a spare room or property, consider renting it on platforms like Airbnb or Vrbo. This side hustle allows you to generate income from an underutilized asset while meeting new people worldwide.

4. Virtual assistance

Many entrepreneurs and small business owners need help with administrative tasks, such as scheduling appointments, managing emails, and data entry. Becoming a virtual assistant can be a flexible side hustle that offers a variety of tasks and the opportunity to work remotely.

5. Delivery services

With the rise of on-demand delivery services like Uber Eats, Postmates, and DoorDash, becoming a delivery driver can be a convenient way to earn extra money. You can choose your own hours and work as much or as little as you want.

How to choose a side hustle for you

When selecting a side hustle, it’s essential to consider your skills, interests, and available time. Here are some factors to keep in mind:

  • Skills and interests: Choose a side hustle that aligns with your skills and passions. This will make the work more enjoyable and increase your chances of success.
  • Time commitment: Evaluate how much time you can dedicate to your side hustle. Some side hustles require more time and commitment than others. Find a balance that suits your lifestyle and existing commitments.
  • Flexibility: Consider the flexibility of the side hustle. If you have irregular working hours or other unpredictable factors, opt for a side hustle that allows you to work on your own terms.
  • Income potential: Research the earning potential of different side hustles. While some may offer higher rates, others may provide more consistent work opportunities.

How to pay off your debt

While a side hustle can provide the extra income needed to pay off debt, it’s important to have a strategy to effectively manage your finances. Here are a few tips to help you pay off your debt faster:

  • Create a budget: Assess your income and expenses to create a realistic budget. Prioritize debt repayment by allocating a portion of your side hustle earnings to pay off your debt.
  • Set achievable goals: Break down your debt into manageable chunks and set achievable milestones. Celebrating each milestone will keep you motivated and on track.
  • Reduce expenses: Look for areas where you can cut back on expenses. Consider adopting frugal habits, such as cooking at home, canceling unnecessary subscriptions, and finding ways to save on utilities.
  • Pay more than the minimum: Whenever possible, pay more than the minimum payment on your debts. You can reduce the principal amount and the interest accrued by making larger payments.

Learn more: How to Pay Off Debt?


The fastest way to pay off debt is to increase your income while reducing expenses. This can be achieved through side hustles, budgeting, and disciplined financial habits. You can accelerate the debt payoff process by allocating extra income towards debt repayment and adopting a strategic approach.

Learn more: How to Pay Off Debt Fast?

Getting a second job can be an effective way to pay off debt faster, especially if you have the time and energy to dedicate to it. However, it’s important to weigh the pros and cons. Consider the impact on your work-life balance, overall well-being, and the potential for burnout. Alternatively, exploring a flexible side hustle that aligns with your skills and interests can provide a similar income boost without the rigid schedule of a second job.