What would it take to be a stay at home mom? How much income would it take? The answer to this question might surprise you. I was a full time mom for three years. I did the calculations and realized in the beginning it would only take $600 a month in extra income for me to be a SAHM.
How much does it cost you to work? Yes, as crazy as this statement sounds there is a lot of truth to this.
Here's a scenario. Here's an example of a mom with two children.
Total take home pay per month $2000
Childcare for two children @ $100 a wk per child. (average in my area) $800
Gas to and from work and to pick up and drop off kids $200 a month
Work clothes (let's be realistic on this one) Let's say this woman work at a bank so she needs dress clothing $100 a month
Lunches, let's say she brings a lunch twice a week and has lunch out 3 times a week. Let's say $6 a day 3x a week $72 a month
Coffee runs. Yes Starbucks adds up quickly. Let's say $5 a day $25 a week (work at home and have free, or almost free coffee) $100 a week.
Total Expenses $1,272
Actual take home pay $728
Could you set up a system where you make $728 at home? See how
much income you really need? Let's assume that you are a two income family. I am a single parent right now, but this was my life a year ago. I am still determined to make a decent income at home. Here are some of the things I have in play in order to do this.
Ebooks ( I have two published right now)see links here
http://www.amazon.com/gp/product/B00FXNCS7W?*Version*=1&*entries*=0
and
http://www.amazon.com/gp/product/B00X576F54?*Version*=1&*entries*=0
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I have several blogs including this one and I'm really getting into website design and blog design. Hoping to one day build this into a lucrative side business.
I plan on getting into consulting as soon as I am able to get my blogs and ebooks to a level where I can focus more on this.
Youtube. I know a lot of bloggers are really into Youtube and make a lot of money from youtube videos. I personally am new to this. But some bloggers I follow are Hip2save, krazycouponlady and candid mommy.
Digital downloads. This is something very lucrative that a lot of people are getting into. I have been experimenting with pattern making and PDF files. You can sell these on etsy or crafter as instant downloads! Instant payment through paypal.
Writing- Do you have a passion for writing? Why not start a blog? or write for other bloggers. There are so many websites where you can pick up work as a content writer. Sites like Fiverr, Odesk and Elance. I used to work for Ehow and made a pretty good side income until this site was sold to Demand Media and they bought all my articles.
Those are some ideas to get the wheels turning. More on this subject later.
http://www.amazon.com/gp/product/B00FXNCS7W?*Version*=1&*entries*=0
and
http://www.amazon.com/gp/product/B00X576F54?*Version*=1&*entries*=0
<
I have several blogs including this one and I'm really getting into website design and blog design. Hoping to one day build this into a lucrative side business.
I plan on getting into consulting as soon as I am able to get my blogs and ebooks to a level where I can focus more on this.
Youtube. I know a lot of bloggers are really into Youtube and make a lot of money from youtube videos. I personally am new to this. But some bloggers I follow are Hip2save, krazycouponlady and candid mommy.
Digital downloads. This is something very lucrative that a lot of people are getting into. I have been experimenting with pattern making and PDF files. You can sell these on etsy or crafter as instant downloads! Instant payment through paypal.
Writing- Do you have a passion for writing? Why not start a blog? or write for other bloggers. There are so many websites where you can pick up work as a content writer. Sites like Fiverr, Odesk and Elance. I used to work for Ehow and made a pretty good side income until this site was sold to Demand Media and they bought all my articles.
Those are some ideas to get the wheels turning. More on this subject later.
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