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Boss Lady, Motherhood · February 29, 2024

Earning Extra Money as a Mom (While Also Looking at the Bigger Picture)

While we are all looking for ways to earn extra money as parents, it can be very tough because we need to work around our kids. This is why you’ve got to be so careful when you’re applying for a job because you need that flexibility that gives you the opportunity to prioritize your children until they’re old enough to look after themselves while also retaining your mental health in the process. This is why we’ve got to find the right ways to earn extra money. Here are some wide-ranging approaches that can help you:

Babysitting or Childcare

Of course, this is the first thing so many of us think of, and it’s a very logical option because we’re already looking after our own children. Providers such as Care.com allow you the opportunity to sign up as a childminder, and for many parents, it is the perfect way to actually fine-tune their skills as a parent because you’re looking after other children who you don’t have that same emotional connection with. 

When you provide childcare services, it can be a flexible way to earn extra income, but it also might inspire you to set up your own childcare provider service, especially if you find that you have the knack for doing it. There are also other things you can do, such as being a foster parent, and this can be an amazing way to earn money by very simply caring for others. You may check the care.com reviews to see what agency workplaces are available, and which ones are the most trusted.

Freelancing

There are many different ways to be an effective freelancer, and it can be a tough one to get right when you’re a busy parent. Remotify.co offers advice for moms who want to freelance, but it’s about finding the right type of job that offers flexibility. Writing is one such example, but many people do this by setting up a blog. 

Blogging can be a way to earn money through selling products, being an affiliate, or through ads on your website, but it’s important to be realistic because it may take a few years to build up your web traffic, so it may not be an instant money-spinner. However, if you start early enough, but also more crucially think about the tools to market yourself properly, you can instantly separate yourself from the others. 

A very good marketing tool to understand is search engine optimization, which is basically the skill of hitting the top of a search engine results page through specific search terms. So if you conduct keyword research to find out the types of search terms you kind of up for, you can then organically incorporate these into your blogs, and you could see an increase in your web traffic.

Renting Options for Extra Income

Real estate rental properties offer an excellent way of earning extra money, catering to different preferences and markets. Long-term rentals provide you with a secure income stream, as tenants sign lease agreements for six to 12 months, giving you reliable earnings while eliminating frequent vacancy issues. Short-term rentals such as Airbnb can bring greater returns, especially in areas with vibrant tourism scenes. You can capitalize on peak seasons and events while being flexible to meet different guest schedules. No matter if it is for long-term income or short-term rentals, understanding local market and legal requirements are crucial in order to maximize returns from investment properties. When searching houses for sale remember that not only will this generate extra money but it will also become an asset that will appreciate in value over time.

Data Entry

There are websites like Appen that hire people for various short and long-term data entry projects, with the benefit of these being that you are not on the clock, and you get paid for what you complete. 

These could involve tagging certain search engine queries or transcribing things. This can be an invaluable way to boost your budget while also being incredibly flexible.

You can, of course, sell items that you own, but earning extra money as parents is not just about finding the right roles but also about recognizing how to best set yourself up for the long game as parents who want to stay at home.

Smart Household Savings

Earning extra money is not just about taking on new roles but also about making the most of what you already spend. For example, knowing the best time to shop for electricity can reduce your household bills and free up cash for other priorities. Find sites that explain how rates can vary depending on the time of year or month, so planning your energy use and shopping strategically can make a real difference in your budget.

Parents looking to earn extra money have a mix of options, from flexible jobs like babysitting and freelancing to leveraging existing assets like property or household energy planning. The key is to find approaches that fit your lifestyle while allowing you to stay present with your children.

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In: Boss Lady, Motherhood · Tagged: Extra Money, Motherhood, Side hustle

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