If you are a stay at home parent, then it can feel like sometimes you want to be able to offer a little more to the home that you’re doing. Of course, raising children is important and will take up the majority of your time. However, now the children are back to school or nursery, you might find that you have a little more time on your hands and want to do something more productive with your time. So here are some ways that you can contribute financially to the household, even as a stay at home parent.
Live Within Your Means
One of the best ways to help financially in the home is to not overspend. When you live within your means, you can avoid debt, which can have a massive impact on family life. So learn to budget, if you’re not already doing so, and stick to it. It can be a big change if you were used to two incomes previously. But with planning and time, you can keep things under control.
Teach Children About Money
As we learn to live within our means, it is important that we teach our children this too. If they have an understanding of money, especially as they get older, it will help them, to better deal with things later in life. Take going away to University, for example. Though it may seem a way off, preparing them for it starts now. Teaching them about money and student loans is important, or they won’t know what to do with it when it is there. As they get older, talk to them about finances and things like consolidating student debt if it comes to it. There is a lot of help online to refer to, such as studentloansconsolidation.co. But keep the conversation open about money with your children and it will help you all.
Play To Your Strengths
If you want to bring in an extra income, then you need to think about what you can be doing to make some money, but do well in it. There are various multi-level marketing companies out there at the moment, like youniqueproducts.com, for example. Regardless of your opinion on them, they take a certain kind of person to make them work. If you’re happy chatting, selling, and doing things like Facebook Live, then that could really work for you. But if you’re a bit more reserved, then no doubt you’ll be dreading doing it all so won’t do well with it. Think about what you are good at and what you enjoy, and go from there.
Make More of a Hobby
As well as your personality strengths, what are the things you enjoy doing? Do you have a hobby that could be a money maker? Music lesson, singing lessons, sewing, or making crafts to sell are all things that you can charge people for. Before you became a stay at home parent, what was your role? Could you do that freelance now you have some more time on your hands? There are plenty of possibilities; it is just choosing the right one for you.