When You’ve Given Up Your Day Job: Income Boosts for Stay At Home Parents

Posted on Feb 19 2015 - 12:25pm by Johnny B

So you’ve given up – or rather, changed your day job. The choice to become a stay-at-home parent is a difficult one, particularly from the financial point of view. While caring for your child full time can rate 100% for job satisfaction, it tends to be a drain on the finances rather than making gains. That said, starting up a small business from home can be a great way to generate some extra income, with hours that fit around your (and your little one’s) busy schedule.

Cooking

CC image credit to Iryna Yeroshko

CC image credit to Iryna Yeroshko

If you are a keen cook, you could use your skills in a whole variety of ways! By selling your baking and decorating skills in the local area, you could be on your way to having your own business creating custom treats for people – you can manage the orders as and when you want, and set your own rates. If catering is more your style, especially if you have previous experience in the industry, you could join a temping agency and work as a chef for events according to your own schedule.

Enterprise

Many young people and parents alike have turned to entrepreneurship to generate extra cash from home. With sites such as Etsy and Ebay, e-commerce is incredibly easy to start, and perfect for selling a variety of goods including handmade crafts, clothes, furniture and art. You name it, you can sell it. Moreover, with a variety of shipping services available, you don’t even need to leave the house to drop off items to sell, when they can be collected and delivered for you for a low flat rate – perfect for when leaving the house is a time-consuming group effort.

Tutoring

CC image credit to US Department of Education

CC image credit to US Department of Education

Depending on your level of education and experience, you could rake in the extra income through tutoring. A variety of tutoring agencies will freely advertise your profile: all you have to do is enter your qualifications and what you are willing to teach. You can specify whether your students visit you, or if you go to them, and after a couple of good reviews can expect a boom in business. Don’t be put off if academia isn’t your strong point! There are many people who are willing to pay for tuition in a variety of hands on or creative skills such as knitting, cooking, or languages.