Tips On How A Stay At Home Mom Can Be Financially Independent

The decision to become a stay-at-home mom was by no means an easy one. As my husband and I sat down to look through our financial situation, we realized that by me quitting my job we would need to express serious self-control with our spending if we were going to make it work. If I am being honest, needing childcare was what more-so put us in a tight financial position because before my son was born we did not have any child or childcare expenses meaning that my paycheck was actually able to benefit our home.

However, once he was born, about 80% of what I made was going to childcare making it not only not worth it, but just plain silly for me to continue working. With all of this in mind, I knew that I could not and did not spend every day at work away from my baby, especially not for just 20% of a paycheck. We unanimously agreed that it was best for him, and for me, if I was to stay home with him.

Nonetheless, when those paychecks stopped coming and our bills started piling up, we realized that 20% of a paycheck actually made quite a bit of a difference. We re-visited the stay-at-home mom vs. working-mom discussion again and without hesitation we both agreed that it was still best for me to stay home and to instead look for different ways to earn some extra income and to stay above water financially.

Here is what we came up with:

Fiverr

The first and most financially productive avenue that I found was to work for Fiverr.com. Fiverr is essentially a commission based website that allows individuals to work doing anything they know how to do at a base rate of $5. You can add extras and eventually earn more money and you can work at your own pace and produce as much or as little income as you would like. Even the $200 a month I made at first was enough to offset me not working and has built to be a huge saving grace for our family.

Coupons

While it seems redundant, couponing is truly free-money that many of us pass on because it seems daunting or irrelevant. Download the Cartwheel app on your phone for Target, cut coupons out of those annoying ads that show up on your doorstep, and stock up on whatever offers are relevant to you.

Eliminate Brand Names

Another huge way my husband and I worked together for financial independence to allow me to continue to be a stay-at-home mom was eliminating the need and desire for brand names. If you have an ALDI grocery store in your area, do your best to only shop there. Go for off-brand when you can and only purchase brand name of products that do not offer an alternative.

Budget & Cash Envelopes

Make a budget and stick to it. Pull out cash for your allotted gasoline, groceries, and free-spending money and keep them in separate envelopes. Take your envelopes with you to the store and keep in mind that when the cash is gone, it’s gone. This will help you to eliminate unnecessary spending.

At the end of the day, I get to be the one making memories with and taking care of my little instead of someone else and that is something I will be thankful for my whole life. I know that I will always be able to go back to work when my children are grown, but I will never be able to get their childhood back. So, for me, it is worth every bit of struggle involved to make ends meat.

10 Life Changing Tips for working parents to stay motivated

What really keeps you motivated ? As you enter into your parenting phase, there will be too many things to handle There are Personal and Professional goals that one sets. When that is not achieved in time…. People tend to feel depressed and have no motivation to do anything at all. Positivity & Happiness are much needed in life to feel motivated. Here are a few Tips which should help people to Stay motivated and improve their quality of life.

Decide on your goal

The First step is to Make small attainable  goals  or short term goals whether Personal or Professional. Self awareness is the key to your realistic goal setting. while setting up your personal goals, discuss with your spouse to have it realistic. Keep a diary and the first thing is the morning you should write a goal for the day and by the time you retire for bed you should strive to accomplish that goal.

How to go about Completing Goals.

Make checkpoints and track your progress. When a person sees that the goal for that particular day or week has been met with good results then he will feel more motivated to continue with the goal. Once the whole job is done, do not forget to reward yourself for it. Just in case you are not able to complete the goal set for a particular day then don’t be disappointed. This is a lesson learnt that you should finish your work before time  and use the spare time to complete other pending  jobs. There should be Clarity and Commitment to any goal set.

Determine your motivating force.

There should be  a sense of importance for the project that you want to do. Think of instances which motivated you earlier and then get on with the job in hand. Failures of the past make you more aware of the way you deal with situations in the future. Ralph Blum quoted “ The obstacles of your past can become the gateways that lead to new beginnings.” There will be negative thoughts all along. But you should keep yourself in control and think very clearly about the impending task and get on with work. Look at the bigger picture first then the nitty gritties follow.

Get Inspiration from friends and relatives

There are times when the demotivated YOU feels like giving up thinking that the task in hand is not possible. At that time you should look around you and see where you can see positive people who are near you, have failed many a times but have  still bounced back . Talk to such people who can be an inspiration to you. They may be people younger to you. But age should not be a barrier. Try to be around Positive people and take in their never say die attitude.

Get Organised

Normally when there is a big goal ahead and you are the sole decision maker you have a confused cluttered mind. Get organized by jotting down your thoughts and then deciding on what can be done.

Backup Plans – A Necessity

There are times when things don’t work out the way we want them to. And over and above that there is no time left to complete that job. To avoid all the last minute tension, there should always be not one but atleast two more backup plans which can be executed is the first plan of action does not work. This will eliminate all further tension and there will be motivation to work.

Fight the demotivated feeling

Giving in to demotivation is for losers. There is always a solution to every problem. It is a human tendency to normally go the easy way when there is a choice. You can either quit when things get difficult and remain demotivated all your life  or face the situation and emerge a winner forever as the grit in you grows..

Avoid Negative thoughts

Lots of times before you set yourself to do a task there are butterflies in your tummy . you are nervous and hence feel you will not be able to do that task. You imagine yourself doing the task and failing miserably. Learn to brush aside these type of thoughts and be Positive. Give yourself a pep talk and see the result.

Thank the Universe

A human being is never satisfied with what he has. He is always greedy for more. Practice to have an attidude where you thank the Universe and God for whatever you have.  This will make you a very positive person. So there is no place for demotivation.

Keep your mind working

Always see that you create new challenges in your task. This will keep you interested as well as motivated to complete the job. Always remember onething, Parenting is a blessing to celeberated. Have fun ! Comment your own ways and hacks to stay Positive !!