Even if you’re planning a small wedding, you might be surprised by just how quickly the costs add up. Between catering, rentals, attire, and more, you and your partner could easily spend thousands of dollars even with a minimal guest list.
If wedding planning and budgeting have left you both stressed and overwhelmed, consider starting couples therapy with 3Cs Counseling Center. Furthermore, here’s how to minimize your financial worries by launching a side hustle and forming an LLC for extra cash!
Choose a Side Gig
To choose a side gig, think about your skill set, interests, and lifestyle. For example, if you travel frequently, you might not want to become a dog walker, but you could offer social media management services remotely! If you’re stuck for ideas, Reader’s Digest suggests tutoring students online, working as a freelance writer or proofreader, baking custom cakes for holidays and celebrations, or offering home maintenance and repair services.
Promote Your Business
You’re excited about your new business, and now, you just need to make your first sales! To start promoting your side hustle and land customers, The American Genius recommends asking your friends and family to spread the word, creating free social media accounts for your business, and publishing positive reviews from your first patrons.
Establish an LLC
To get paid for your services, you can set up an account with a basic payment processing service - this will allow you to invoice your customers, see income reports, and more. Remember, you’ll still need to pay taxes on the money you earn through your side hustle. Thankfully, you can qualify for special tax breaks by setting up an LLC in Michigan.
Your state will have its own set of requirements for this process, so double-check which documents you need to submit. If you’re too busy with wedding planning to file on your own, you don’t have to pay for a lawyer’s assistance - instead, you can save money by working with an online formation service.
Set Up a Separate Bank Account
You might be worried that you’ll be tempted to spend your side hustle cash on fun outings, shopping trips, travel, or expensive dinners out. To ensure that all of your side hustle income goes to wedding expenses, you’ll want to register for a separate business bank account exclusively for this purpose. Once you’ve set up the account, you’ll want to connect it with your payment processing application of choice so that you can directly deposit payments from your customers.
Make Time for Romance
Wedding planning is time-consuming and stressful. When you add a side hustle to the mix, it can feel like you have very little downtime. But while you’re managing all of these different obligations, it’s still crucial to prioritize your relationship. You don’t want to put romance on the backburner during your engagement!
If you and your partner are both working full-time, contributing to your side hustle, and pitching in with wedding planning, you’ll need to be proactive about scheduling date nights. Pick one night per week when you can disconnect from the rest of the world, set your wedding planning binder aside, and simply focus on each other. Whether you want to enjoy a home-cooked meal, go to the movies, or visit a local museum, spending time together is essential!
Getting married can come with a steep price. Even if you’re planning a DIY wedding, you’ll inevitably have to shoulder some unexpected costs. By picking up a side hustle, registering for LLC status, and saving carefully, you and your partner can afford the wedding of your dreams!
Do you and your partner need more emotional support as you plan your wedding? 3Cs Counseling Center can help. Visit our booking page to schedule a couple's therapy session.
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