Staying at home to take care of your child might be a big lifestyle change. If you’ve had to quit your job for it, don’t worry! You can still make a big chunk of change working from home.
Taking care of a child isn’t child’s play. If you’re a parent or on the way to become one, being financially prepared is probably the first thing you thought of before you started planning. And rightly so! Everything is expensive these days and it takes a lot to raise a child. A lot changes as you step over the threshold into the world of parenthood. It’s not only about making physical space for the new family member in your house, you also need to rejig your finances and priorities so that the future is smooth sailing for both you and the new addition.
As mentioned earlier, the most crucial part about aiming for a comfortable life for your new-born child is securing their financial future. With COVID-19 and inflation rates rising by the day, you need to plan such that you can manage everything financially and are prepared for anything that comes your way. This would mean saving enough for their higher education (which is only getting progressively more expensive), saving for emergencies, and so forth.
Additional Reading: 5 Financial Steps Parents Need To Take When A Child Turns 18
Things might be a little different if you’re a new parent. Suddenly, it’s all about this new, tiny person. Your priorities have changed and so has your daily routine. One important thing you wouldn’t want to do is stay away from them. The many of firsts like their first steps, first words and other things a parent should always be around for – you want to be around for that too, don’t you?
While there are a couple of advantages of staying at home with your kids, there’s quite a big drawback as well. You may not get to earn as much as you otherwise could have. Yes, WFH is the new normal now but the pandemic won’t last forever. A lot of offices have already reopened and are trying various models which involve a mix of going to the office and working from home. So, have you decided to stay at home, take a career break and look after your child? You could still make money. Yes, the pandemic has been devastating but it’s also taught us that a lot can be done from home. Here are a few tips:
Additional Reading: Is Financially Supporting Your Earning Child A Healthy Practice?
TikTok & YouTube
Have you watched videos of Daniel Mac asking supercar owners what they do for a living? If you haven’t, you’ll be surprised to know that quite a few of them are YouTubers and TikTokers. Look up Khaby Lame, the second most followed TikToker. All he does is mock overly complicated life-hack videos without saying a single word. Is there something in your head that might have a chance of working? You won’t know until you give it a shot. You might be the next online sensation. Set? Go!
Who doesn’t like a good picture, eh? Say what you will about phone cameras being really good but they don’t quite match up to what a skilled photographer with a good DSLR camera can do. What are you waiting for? Dust off your trusty DSLR and take on interesting photography projects freelance. It’s tough work but it doesn’t require the time and commitment of a full-time job. Don’t worry if you start small. It’s all about making connections and keeping at it. Make sure your clients post reviews. Although you may have to leave the house from time to time for photoshoots, you’ll still be able to work from home fulltime. Set up a small photo studio in your house and make a few bucks!
Online All The Way
Yep, online classes are all the rage now. You can pretty much teach anything from the comfort of your home now. Students have adjusted and so have teachers. Are you a cook? Good! Start online cooking classes. So many new bakers are out there now, making really good food. Are you a musician? Good! Go ahead and share your skill with students from any part of the world. Are you an expert in finance? Amazing! Go ahead and teach people about managing their money. Are you a polyglot? You can see where this is going, right? The possibilities are endless. Just choose your favourite subject, make a few connections (helps if you have a friend with good social reach) and get started. Let’s not forget that you also get to learn a lot in the process.
If you’re into art and crafts, hello! How about making some nice masks? We all use them and probably will for the foreseeable future. Adding a nice, custom touch will separate them from those mass-produced ones and you can totally charge a premium for the art. This is just an example. Facebook and IG will open many doors for you. Organic food is in high demand these days as people are becoming more health conscious. Perhaps you could sell on Amazon? The point is, there’s really no limit to what you can achieve these days from the comfort of your home. Just do it!
Being a stay-at-home parent can be a fulfilling job! You get to spend most of your day with your kids. Not only will you be able to watch them grow up but also make some money. For emergencies, you can always keep a Credit Card handy – you may be pre-approved! Simply click on the link and get started.