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    Navigating Finances of Your Side Hustle

    54 minutes ago

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    Starting a side hustle can lead to significant income, but it's essential to manage finances properly. Experts advise setting up a separate bank account and tracking all income and expenses. If earnings exceed £1,000, registration with HMRC is necessary. Common pitfalls include lifestyle creep and overspending. Consulting an accountant is recommended for those making substantial income.
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