The following is a guest post. No compensation was received.
So, you want to stay home with your kids, but your family finances just don’t seem to allow for a one-income household? You might want to reconsider whether or not you can afford to stay home. By the time you eliminate things like child-care costs and other expenses that come with having a job, you might find that your budget shortfall isn’t as bad as you thought. The good news is that you can often make up the difference by starting a home business. Here are some home businesses that can offer you the flexibility to work around your kid’s schedule, and still make enough to help off-set your family expenses.
All you need is a camera, a good computer, and enough free time. Scouring classifieds and garage sales for free or very low-cost items, then turning around and selling them for a profit is a great way to make some extra cash. You may have some items in your possession already that you could part with, helping to de-clutter your house in the process.
Mommy-blogging has turned into a lucrative business for many stay-at-home moms. Most parents will have stories that others might find value in; it all comes down to how you tell it. If you’re good with the written word and can engage people emotionally about real-life parenting issues, you may be able to turn your kid’s antics into a steady stream of income.
If you’re already at home making lunches and planning activities for your own little ones, why not add a kid or two to the mix? You may have a friend or neighbor who needs reliable child care. Parents seeking flexible and affordable child-care may not be able to make use of day-care centers that have high-costs and require you to pay for full-days, even if you only need a few hours a few times a week. Offering to watch a child in your home is a fantastic way to help someone out while earning some extra cash.
Gift Basket Delivery
People will pay a premium if they need the perfect gift delivered today, usually because they forgot to get a gift. Keep several pre-made and on hand, and offer to do custom gift-baskets for special events. The materials are cheap if you shop around, and you can easily charge $75 to $100 for items that cost less than $15 or $20. Enlist the help of a cheap and reliable courier service from a sharing community site like Zoom2U, and you may not even have to leave the house to do it.
While this can be difficult work to break into, once you’ve established a strong reputation, you can really rake in the cash without investing too much time per week. Writing web-content or ghost-writing self-help books is a great way to earn some extra cash. The hours are flexible, and you only have to commit to what you’re able to handle, so when life throws you curveballs, you can back off until you’ve got the time to devote to it again.
If you excel in math or writing, you can often make good money working as a tutor for kids struggling with certain subjects. Parents will pay good money for tutors, so if you’re only looking for a few hundred dollars a month, you can easily make it with just a few hour-long tutoring sessions each week. It does involve a bit more commitment, as most parents want a firm schedule, say, every Tuesday and Thursday at 4:00. If you can commit to the hours, this is a great way to earn extra money.
If you’re an animal lover, working as a dog-walker or neighborhood pet-sitter can also help fill in the gaps in your household income. Most pet-sitting jobs involve 2-3 trips to the pet’s house each day, and if they’re local, can be done in 20 minutes or less. As with many of the other home-based jobs, you can take on as little or as much work as you need, so it can be scheduled around vacations or your family activities.
Any one of these ideas can help you find the time to stay home with your kids without sacrificing the income that you need. Many of them also allow you to break into an industry on a small-scale, and grow your business once your kids head to school full-time, increasing your earning power. Think about whether or not you could start one of these businesses before you decide that you can’t afford to stay home with your kids.
Sarah Kearns is a hard working mother of three daughters. She is a Senior Communications Manager for BizDb, an online resource with information about businesses in the UK. She loves cooking, reading history books and writing about green living.