Welcome to Part-Time Money. Since 2007, we’ve been trying to help people do more with their money.

To make it easier for someone new to the site to take in all the information here, we’ve put together a list of our favorite articles and resources:

Favorite Articles

Part-Time Job Help

Side Hustle Ideas

Small Business Tips & Ideas

Passive Income & Investing

“Best” Business and Personal Resource Guides

The Accidental Landlord Guide

The 5 Takeaways of Personal Finance

Healthy personal finances are the foundation for your success in business, investing, and real estate. Make sure you’re doing these things before you get started scaling your side hustle.

1. Don’t Carry High-Interest Consumer Debt

If you’ve got this kind of debt on a credit card or personal loan it’s costing you. Therefore, it’s a good move to try and get rid of it ASAP. If you ever have to use credit cards to finance something, make sure you pay it off completely before the end of the month.

2. Avoid Future Debt by Saving Money in a High Interest Savings Account

So that you don’t have to go into debt in the future because of an unexpected (job loss) or expected (vacation) expense, set up a free savings account at one of the online high-interest savings accounts and set aside some money every month. Do this automatically and it will be easier.

3. It’s Important to Get Term Life Insurance

If you’ve got people dependent on your income (and they will be for quite a while) it’s likely a good idea to get life insurance on yourself. Term life insurance is the best choice for most people. You can get an adequate policy for less than the cost of your cell phone plan.

4. Open up a Tax-Advantaged Retirement Account

Saving for retirement has never been easier. There’s plenty of good options out there to help you achieve retirement savings success. Most people have a 401K they can contribute to. Contribute enough to get your employer match every month. If you don’t have one, open a Roth IRA and begin automatically contributing. Shoot for the max every year. Like short-term saving above, this works best if you set it up automatically.

5. Know Where Your Money is and Where it Goes

At least once a month, take some time to review all of your checking, savings, and retirement accounts. Also review your credit and loan accounts. Do this all at once using a tool like Empower. Also, you might want to make sure all your credit accounts are in good standing by reviewing your credit reports for free at AnnualCreditReport.Com.

For the latest posts, be sure to subscribe to the email list: