10 Money-Making Tips For Stay at Home Moms
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Raising children and housing costs continue to rise, and many stay-at-home moms are searching for ways to make money from home. If you're a stay-at-home mom, you probably want to make some extra cash to cover unexpected expenses. Things like a broken water heater, video games for Jimmy's birthday, t-shirts for a chorus concert, or new soccer uniforms are all things that stay-at-home moms need to have extra money for.
There are a lot of ways that you can earn money while being at home with your kids. Whatever you do, just remember to set aside some time each day to work on your business.
Renting out your home or car
If you are a stay-at-home mom, you can rent your home or car to earn extra cash. Airbnb and VRBO are great options to turn your home into a short-term rental. You can also check out TURO to rent your car if you live in a tourist location.
While this may not seem like a money-making tip for stay-at-home moms, renting out your home or car can be a great way to earn extra cash without leaving your home. These websites even offer insurance up to $1 million in liability. However, don't forget to factor in costs like insurance premiums to cover any damages, nonpayers, and even Apartment Cleaning Services to keep the place clean between guests or once you vacate the premises prior to guests checking in.
Participating in a paid survey
As a mom, you may seek to earn extra money while caring for your family. If so, you can try out sites like Survey Junkie. These websites allow you to take surveys on your mobile phone or desktop. After completing 500 surveys, you can cash your points for gift cards, PayPal, or even direct deposit to your bank account. According to this Survey Junkie review the site is a legitimate way to supplement your income. While you don't want to use it as your full-time income, you can earn $25-$40 per month with consistent use. Survey Junkie also boasts a stellar reputation, making it one of the best-paid survey sites.
Teaching yoga
Teaching yoga is an excellent choice if you're looking for a side hustle that allows you to set your schedule. In addition, it will enable you to make a reasonable amount of money while staying home with your children. Some yoga teachers earn upwards of $8K a month! And you don't need much equipment to begin. The only expenses you may incur are a yoga mat and a few yoga classes. Many yoga teachers are self-employed, earning a living as independent contractors. The more money you make, the bigger your client base will grow. In addition, you can spread your message to a much wider audience by charging a fair rate for your classes.
Say your yoga business really flourishes. There’s no stopping where you can go, especially if you choose to open your own studio. To ensure your money still works for you, look into approaching the very best suppliers. This ranges from the flooring and the equipment to the utilities. For your utilities, consider enlisting the help of a cheap commercial electricity advisor Texas to get the best deal for your studio.
Investing in stocks
If you're a stay-at-home mom, investing in trading can be an excellent way to earn money without the stress of a traditional job. According to this Motley Fool, stock investing has several benefits, including minimal start-up costs and legal requirements. All you need to begin is a personal computer and an internet connection. Most other forms of investment require more capital and other preconditions. The low setup fee also gives you the confidence to trade without fear.
While stay-at-home moms may not have the time to devote to a full-time job, investing can be a great way to earn extra income while staying home.
Selling handmade items online
If you have the skills to create beautiful things, selling handmade items can be a great way to earn extra money. Some women sell their creations online, and others sell their products at local farmers' markets. Crafty moms can sell crocheted items, paint pictures, or even create custom gifts for special occasions. Another option is to bake a cake or prepare meals for events.
Online travel agent
If you want to become a home-based online travel agent, you may need a license. These requirements differ from state to state. Six states have strict rules about who can sell travel. But this could be a great option if you want to make money from home as a stay-at-home mom.
You must network and tap into local businesses as a work-at-home travel agent. According to Glassdoor, the average salary for a travel agent is between $28-33K. So even though you'll be working odd hours, you can make a few thousand dollars a month. You can join various travel agencies, some of which are free, while others require a small start-up fee.
Freelancing writing
Freelancing writing for money can be an excellent option for stay-at-home moms who need extra money for their families. This type of job is flexible but requires you to work hard. You must set daily, weekly, and monthly goals and stick to them.
The first thing you should do if you want to get started is to know what you are good at. Next, you should write down your skills and search for jobs related to your area of interest. Otherwise, you may find yourself bouncing from job to job and may not be able to establish a smooth relationship with your clients.
Bookkeeping job
You may not have the time to work at a traditional bookkeeping company, so you might want to start a home-based bookkeeping business. The benefits of this type of business can be substantial, especially if you can set your schedule. You may want to consider getting training in accounting from a professional, but you don't necessarily need prior experience. Courses available can help you learn the business and build wealth and flexibility.
Investing in long-term real estate
Investing in long-term real estate is a great way to supplement your income while staying home with your kids. While it does require some initial work, there are many benefits. By renting out your property, you can get a monthly rental income and hedge against the possibility of a one-income household.
One of the best ways to get into investing is to focus on an extensive residential rental portfolio. These properties are ideal for people who don't have a construction or landlord experience.
Starting a blog
One of the best ways to make money as a stay-at-home mom is to start a blog. Blogging is an excellent way to earn additional money and spend more time with your kids. However, you must follow specific guidelines when starting a blog.
First, write down your blog ideas. Then, ensure you have a topic that would interest your target audience. This way, you can get started faster and make more money!
There are many ways to make money as a stay-at-home mom. The benefits of this job are that you can pick and choose what you want to do and earn money for it. You won't have to worry about your income anymore, and you can even turn your hobbies into a business.