Side incomes ≈ expenses in the last 12 months

[beee]

Just noticed that in the last 12 months my side hustles + various incomes (tax refund, cashbacks, etc) almost covered all of our expenses:

[beee]

Although I stilll need to pay taxes from some of those incomes and it will ruin the math. So let's not think about them till the tax season :)

[ketchup]

Although I stilll need to pay taxes from some of those incomes and it will ruin the math. So let's not think about them till the tax season :)

Just say that "We only go to work so we have enough income to pay our taxes." :P

Good for you!

[HipGnosis]

Please share your side hustles

[beee]

Although I stilll need to pay taxes from some of those incomes and it will ruin the math. So let's not think about them till the tax season :)

Just say that "We only go to work so we have enough income to pay our taxes." :P

Haven't thought about work from this point of view. Interesting :)

Please share your side hustles

I have a link to a couple of them in my signature

[Onion]

What is honey money

[marty998]

Ahh I will still say congrats, but note that a tax refund is not income. It's simply overpaid tax from the previous year :)

[soccerluvof4]

Ahh I will still say congrats, but note that a tax refund is not income. It's simply overpaid tax from the previous year :)

+1 and with no interest

[kpd905]

Yeah I wouldn't count the tax refund either, otherwise you could just start withholding an extra $500 a paycheck in 2019 and have huge "side income" in 2020.

The only exception would be someone who gets a huge refund from EITC, bringing their total tax paid into the negative.

Right now our side income covers daycare expense and maxing out a 529 for the state tax benefit, with a couple thousand left over (~$20k or so total).

[beee]

What is honey money

Check out my signature.

a tax refund is not income

Yeah, I know, but I track it as income. So don't ruin my celebration :)