Most people would agree that staying at home with young children is one of the most important and challenging jobs a person can have.
It’s also one of the most undervalued. While it’s true that stay-at-home parents do contribute in many ways to their families and society as a whole, they often don’t receive financial compensation for all their hard work.
There are several ways that stay-at-home parents can make money for the house budget.
Here are six of them.
Start a Blog
If you’re a stay-at-home parent, chances are you have some valuable insights and observations about parenting that other people would love to read about. Why not start a blog?
Not only is blogging a great way to make some extra money, but it’s also a great way to connect with other parents and get your name out there.
You can start a blog for free using platforms like WordPress or Blogger. Once you’ve built up a following, you can start earning money through advertising, affiliate marketing, or selling products and services.
Trading and Brokerage
If you have some extra money to invest, you can start trading stocks or forex. Trading can be a great way to make some extra money, but it’s important to remember that it’s also a risk.
Make sure you do your research before getting started and never invest more than you can afford to lose.
You can also start a brokerage account and earn commissions on the trades you make. Brokerage accounts require more money to get started, but they can be a great way to generate passive income.
The most important thing is the platform you use, as it will define the conditions under which you trade. You can check this etoro exchange review, to see what one of the most used platforms looks like and what are the conditions.
You should also take a look at the fees involved, as they can vary significantly from one platform to another.
Start a Childcare Business
If you love children and have some extra space in your home, you can start a childcare business. This is a great way to earn some extra money while also getting to spend time with kids.
Just make sure you check with your state and local regulations to see what you need to do to get started.
For example, in some states, you’ll need to get a license and pass a background check. You’ll also need to have liability insurance. Once you’ve taken care of the legalities, you can start marketing your business to parents in your area.
Sell Your Stuff
We all have stuff that we don’t need or use anymore. If you’re looking to declutter and make some extra cash, why not sell your unwanted items? You can sell items online using platforms like eBay or Craigslist, or you can have a yard sale.
You might be surprised at how much money you can make by getting rid of stuff you don’t need. And the best part is, that you’ll declutter your home in the process!
Additionally, selling your stuff is a great way to teach your kids about money and the value of hard work.
Start a Home-Based Business
If you have a skill or talent that you can monetize, you can start a home-based business. This is a great way to earn some extra money while also being able to stay at home with your kids.
Let’s say you’re a great baker. You could start a home-based baking business, and sell your goods to friends, family, and neighbors.
You can also start an online business. This is a great option if you’re looking for flexibility and want to be able to work from anywhere.
There are several online businesses you can start, such as an e-commerce store, a blog, or a service-based business.
E-commerce is especially popular right now, as several platforms make it easy to set up and run an online store. Shopify is one popular option, and they offer a 14-day free trial so you can try it before you buy. You can also improve your online store especially the sales with the help of Aftersell.
E-Commerce allows stay at home parents the flexibility to work around their busy schedules whilst still building a lucrative career. Alyssa, a stay at home mum turned online business owner says she started her store Cheeky as a side project which now has become the full time employment for herself and her husband.
If you enjoy writing, why not put your skills to use and start freelancing? There are several platforms you can use to find writing gigs, such as Upwork, Fiverr, and Freelancer.
You can also reach out to businesses and websites in your niche and see if they’re looking for writers. For example, if you’re a parent, you could write for a parenting website or blog.
The great thing about freelancing is that you can work as much or as little as you want. This makes it a great option if you’re looking for flexibility.
Additionally, you can often set your rates, which means you have the potential to earn a lot of money if you’re good at what you do.
There are several ways that a stay-at-home parent can contribute to the house budget. These include starting a business, freelancing, or selling unwanted items.