Clever Money-Making Tips For Stay-At-Home Parents

By BankBazaar | August 9, 2017

Clever Money-Making Tips For Stay-At-Home Parents

Taking care of a child is no child’s play! If you’re a parent already, you’ll be aware of how a kid’s presence in your life affects your finances. Here are some clever money-making tips for stay-at-home parents.

A lot of things change as you enter the world of parenthood. It’s not only about making space for the new family member in your house, you also need to adjust your finances such that it’s a smooth journey for you and for the future of the new born.

Additional Reading: How To Make Money Work For You

The most crucial part about aiming for a comfortable life of your new born is securing their financial future. With the inflation rates rising by the day, you need to plan such that they don’t suffer later. This involves saving enough for their higher education (which is getting costlier by the day), saving for emergencies etc.

Additional Reading: How To Teach Healthy Financial Habits To Your Kids

Things might be a little difficult to manage if you’re a stay-at-home parent. The biggest advantage of staying close to your kids all the time is that you get to see them grow. You don’t miss out on important stuff like their first steps, first words and other things a parent should always be around for. While there are a couple of advantages of staying at home with your kids, there’s a big drawback as well. You don’t get to earn as much as you could have. As a result, you’re more likely to face a difficult time, financially. But, don’t worry! We have some clever tricks for you to make money while getting to stay at home watching your kids grow. Excited much?

While there are a couple of advantages of staying at home with your kids, there’s a big drawback as well. You don’t get to earn as much as you could have. As a result, you’re more likely to face a difficult time, financially. But, don’t worry! We have some clever tricks for you to make money while getting to stay at home watching your kids grow. Excited much?

Here they go:

  • Online polls

Did you know that you can get paid for expressing your opinions? In case you didn’t, the good news is that you can make a couple of bucks by taking online polls. You don’t even need to step out. All you need is a laptop with internet connectivity and of course, an opinion. Most of these websites don’t charge you for signing up. That’s an added bonus, isn’t it?

Additional Reading: How To Plan Financially For Maternity Leave

  • Blogging

If you love to write, this is probably the best thing you could opt for. You can choose a segment and specialise or even try your hand at different verticals simultaneously. Be it interior designing, DIY art, music or even technical stuff; you can write about anything and everything under the sun. You want to write about your parenting experiences? Go ahead! With the right marketing strategies in place, you can strike a chord with the right audience and collaborators. That’s it! You’re done! If people love what you write, you’ll never look back! Writing is probably one of the most fun things you can do with your free time, right?

You want to write about your parenting experiences? Go ahead! With the right marketing strategies in place, you can strike a chord with the right audience and collaborators. That’s it! You’re done! If people love what you write, you’ll never look back! Writing is probably one of the most fun things you can do with your free time, right?

Additional Reading: 7 Common Financial Practices Of Closet Millionaires

  • Online teaching

Not a big fan of writing? No worries! If you love to teach, this is how you can make a few extra bucks. There are a couple of websites that let you take tuitions online. You get to do something you love and also get to help students stuck with their boring syllabus. And the best part? You get paid for doing that! How cool is that! All you need to do is explore these websites, register, go through a small teaching test and that’s it. Choose your favourite subject and get started. Let’s not forget that you also get to sharpen your knowledge in the process.

Additional Reading: Be a Finance Ninja: All about Good Financial Habits

  • Sell crafts online

If you’re an artsy person, this is your thing! You could either collaborate with an interior designer or sell crafts online on crafts websites like Etsy. Not just art websites, you can also sell on the more popular e-commerce websites like Amazon. Get the artist in you pumped up, start making some awesome stuff and start selling!

  • Click pictures

Are you into photography? What are you waiting for? Take your camera out and opt for freelance photography projects. Don’t worry if your start is small. If your work is good, you will make it big! Just keep at it. Also, focus on building your portfolio to keep a record of your best work handy. Analyse your strengths and give professional photography a shot. You might have to step out once in a while for photoshoots, but you get to work from home all the time. Set a small photo studio in your house and make a few bucks!

Additional Reading: Kickass Ways To Make Money While Travelling

Being a stay-at-home parent is the best job! You get to spend most of your day with your kids. You get to see them grow and with these tricks, you also get to make a few bucks. These might work out for you, but to fully secure your child’s future, it’s better to rely on some tried-and-tested ways. We’re talking about investing in Fixed Deposits.

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Category: Fixed Deposits Money Management

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