Financial independence is hard enough for single people without children – achieving financial freedom as a stay-at-home mom is exponentially more difficult. Your income options are more limited than someone who can commute to work, and you have to manage employment while also being a full-time parent.

However, there are plenty of ways you can be a stay-at-home mom with financial independence. With a little bit of planning and a commitment to finding creative income sources, you can stay at home with your children and have a successful financial future.

How to Be a Stay-at-Home Mom with Financial Independence

stay at home mom financial

You probably already know how to be a stay-at-home mom – we don’t need to give you advice on that. What we do understand, though, is how challenging it can be to take care of work-related tasks while you’re raising the next generation.

Here are three tips for being a stay-at-home mom with a job:

  • Get organized: Consider organizing your digital files to make your time on the web more efficient.
  • Stay connected: Communication is critical when you work from home. Stay connected with your employer or clients, as well as your support system.
  • Schedule tasks: You can use a desk or wall calendar, or you can use a web-based calendar to stay on top of your schedule.

With the right time management and organizational skills, being a stay-at-home mom with a job can lead to financial independence without the stress.

Stay-at-Home Mom Financial Independence: 3 Things You Can Do to Achieve Financial Freedom

If you want to achieve financial freedom as a stay-at-home mom, you’ll need to get creative with how you complete your work, communicate with colleagues, and earn your income.

1. Start Your Own Business Working from Home

Starting your own business is one path to financial independence as a stay-at-home mom. While it’s certainly the riskiest option, it also offers the most flexibility and income potential if successful. If you start your own business, you’ll need to figure out how you want to approach benefits for yourself.

You can start a business from home that relies exclusively on the internet, such as consulting, or something that allows you to work out of your home. Childcare or tutoring in your home are great ways to earn an income while being a stay-at-home mom. Your network is a great source for clients.

2. Find Remote or Work-at-Home Employment Opportunities

The proliferation of technology makes it easier for people to work from home. For stay-at-home moms that want financial independence, employment with an organization that offers remote opportunities can provide a stable source of income. They may also come with benefits like health, life, and short-term disability insurance.

You can use most major job search platforms to find remote work opportunities. Some companies list positions as “remote” and others list theirs as “work from home.” You may also look for jobs that are labeled as “virtual.” Depending on your needs, you may be able to find part- or full-time remote work.

3. Create Income Using Web-Based Platforms

Beyond starting your own business and finding remote work, you can use web-based platforms to create income from home. This can include using ecommerce platforms to sell products or services you offer, as well as using mobile apps to offer digital content like videos and blogs.

If you are an artist or creative maker, you can use websites like Etsy to sell products you make at home. If you are a stay-at-home mom with excellent writing skills, you will find various blogging platforms that you can monetize. There are even stay-at-home moms who make a living from Instagram.

3 Stay-at-Home Mom Jobs That Can Build Financial Independence

Being a stay-at-home mom with financial independence is more than just finding a job you can do from home. You want a job that goes beyond paying the bills and frees you from the stress of a 9-to-5 job.

Financial independence means you need to build your wealth. Here are three jobs stay-at-home moms can do to secure your financial future:

  • Data scientist: If you have a strong background in computer science, engineering, math, or statistics, you can get training to be a data scientist and make an average of $129,806 per year working from home.
  • Software engineer: Stay-at-home moms that have a firm command of C++, Java, JavaScript, Python, and/or SQL may be able to find work as a software engineer. This position can pay an average of $107,273 per year.
  • Senior business analyst: For stay-at-home moms who have solid time management skills and a thorough understanding of business needs, being a senior business analyst can bring in an average of $102,936 per year.

In addition to having a job that pays well, you need a financial plan that covers your short- and long-term goals.

Want to know how to secure your financial future as a stay-at-home mom? Contact Mooney Lyons to see how you can benefit from working with a financial professional.