Category Archives: Money

3 Jobs for Stay at Home Moms

Being a stay-at-home mom means working all day with the kids and supplementing that with some additional income. In these situations, employment must be flexible enough to work around kids’ schedules while also being steady enough to add to the household financials.

Work as a Freelancer

The work isn’t glamorous nor is it always the best paying. However, working as a freelance writer, artist, or photographer can give you the freedom to work in the field where you excel while still focusing on your family. With the rise of the e-society, freelance work has become increasingly accessible. One of the best ways to get work is to do work. For writers, Upwork is a great resource. For those with an IT background, Sologig can help you find some work. Finally, there are more generalized websites that incorporate multiple different areas where companies are looking for contract workers that fit their needs. Having a portfolio of your work available for prospective clients can also help snag that position that looks great.

Become a Children’s Party Planer

Think about all the times that you’ve wanted to have your kid’s party at your house or a park but had no interest in planning it. All moms feel this way, meaning that there’s a market for children’s party planners. If you’re already a mom, you’ve got a built-in clientele of playground friends, local friends, and school friends from which to pull. In addition, going to local libraries or kid-friendly businesses and asking to leave cards or fliers can help find clients. As a parent, you already know kids’ likes and the current kid trends. Startup costs can range depending on what services you want to provide. The good thing is that you can start out small and then move into more sophisticated services as you build a stronger clientele. Meeting with entertainers takes some work, but often local clown, magicians, and storytellers will be more than willing to work with you so that they can also broaden their connections. For people who are organized and love throwing parties, this job can be not just an income but a calling.

Open a Beauty Business

Although the beauty business is increasingly male, women still dominate the market. If you’re looking for something that is both fun and takes up little space in your home, opening a beauty business is the best route. Miskn, beauty business offering pigmentation removal in Perth, Australia, is a good example of a successful business model. Focusing on women as its main audience, independent of age and needs, the business doesn’t fall short when it comes to transforming local factors into opportunities. MIskn’s success lies in its branding. Once you source successful products like Miskn’s Lycogel and Medik8, the key is to tell your own story. Focus on public relations and marketing to build your clientele. With the ability to work after traditional business hours in a market on the rise, this might one of the least considered but most profitable options.


Being a stay-at-home mom doesn’t mean being unable to bring in an income. In order to be a successful work-at-home mom, however, you need to find the right career path for yourself that matches your family’s needs.

3 Ways to Ensure Financial Security in a Family Business

Running a family business can provide a sense of independence but can also come with financial obstacles for which you need solutions. This means that before starting a small business with family members, you want to plan for the difficulties inherent in setting up the financial side of the business.  Despite having a great product or idea, you need to assess the potential risks of your future growth and accommodate accordingly. Moreover, setting boundaries at the beginning to alleviate financial problems down the road.

Get a Business Advisor

A business advisor can help the family alleviate the hardship in personal relationships that come from a shared financial responsibility. A business advisor can help your family make the right decisions to plan for the future of your business. For example, many times the family business will have multiple generations working together. In order to segregate finance ownership and management succession without inter family arguments, a business advisor can help set up documentation to ensure equity in the ongoing management of the business. When searching out a business advisor, you need to follow a few guidelines. First, you want to have a plan for the current state of the business as well as the future of the business. Second, referrals are your friend, especially if those referrals come from other family members. Third, make sure that the professional you choose can work with all members of the business not just you. Being able to work with all the different personalities from family to key employees is a must.

Determine the Risks

Even though you have an advisor, you want to make sure that you are aware of the different kinds of financial risks that the business may create. This is why choosing the right advisor is important. An advisor needs to be able to talk to the family while also making an emotional connection. While the idea of risk management seems outside the realm of finances, the business needs to consider the monetary contingencies in the event of a founder’s death. The business advisor should be able to help create a written plan to determine where wealth would go and who would be in charge in the event of a leading family member’s sudden absence. This not only helps protect the business’s finances but can help the family members in a time of stress.

Separate Finances

Running your own business often means that there is a gray line between business finances and personal finances. Perhaps you’re out to dinner with a family member who also works for the company. If you’re talking about business, is this a private dinner or a family dinner? This is when things like intelligent financial solutions. Keeping finances separate becomes even more important in terms of protecting yourself from inappropriate use of company finances. When family members are the employees, it becomes even more important to use intelligent banking services like those provided by NextPayments so you can use one account to manage the salaries of all the employees or transfer money into your spouse’s account without worrying about being accused of misappropriating funds.


Protecting the family business’s finances is more than just a money issue. For a business that relies on strong relationships, taking the stress of money out of the interpersonal can make the professional stronger.

Six Smart Money Moves for Married Couples

The married life gets underway when the couple exchanges vows. Sound marriage advice can help newlyweds establish and maintain a strong bond with each other. When a couple first starts off, most advice will be geared towards how to love each other despite differences, how to talk and be understanding, and how to compromise where needed. But finance is one important subject that married couples cannot afford to ignore.

Have you ever noticed that books and other publications distinguish between personal finance and family finance? Finances can get especially tricky when multiple people are involved. In this article, we are going to take a look at a few powerful money tips for married couples.

Create a Written List of Money Rules

Household budgets and family goals will have a direct impact on the marriage, so it is important for you and your spouse to create a written list of money rules. These rules will help you both stay disciplined when it comes to saving money, spending money, and taking care of expenses. The list of money rules will help you and your spouse stick with realistic guidelines that will govern the household income properly.

Eliminate Debt

Marriage advice is not sound if it does not address debt. Debt is notorious for causing problems for married couples. Unfortunately, many people accumulate debt and bring their debts into their marriage. It is not unusual for one to have an outstanding student loan and outstanding credit card debt when entering a marriage.

You and your spouse should create a solid plan that will help eliminate debt surrounding your marriage. Start by transferring balances from high interest credit cards to credit cards with a lower interest rate. If the balance cannot be transferred, pay off the credit card with the highest balance or highest interest rate first. In the meantime, be sure to pay the minimum on the other credit cards.

Cutting down on unnecessary expenses can free up money that can be used toward debt. Personal finance and family finance can be mastered if couples learn how to keep their priorities in order. The beauty of being a couple is that you have each other for credibility and to keep the other in check.

Live on One Salary

Married life is not fun if you and your spouse are facing stressful money issues related to future plans. A few money issues that plague married couples are college tuition for children, retirement savings, and capital for the dream home.

Is a dual income supporting your household? If so, you and your spouse should consider living on one salary. This will help you and your mate save a tremendous amount of money for future goals.

Emergency Funds Account

An emergency can take place at any time. Creating a budget that involves putting money into an emergency funds account can help you and your spouse prepare for unexpected expenses. Many leading personal finance and family finance experts encourage married couples to deposit at least $100 into their emergency funds account every month.

Insurance Coverage

As newlyweds, you need solid protection against massive medical expenses and a long-term disability. Your employer may offer disability insurance, but make sure that it is enough to cover you and your spouse’s primary needs if you get sick or injured. There is a possibility that your illness or injury may hinder you from working for several months.

Other Income

Passive income is one route that should be examined by you and your mate. Passive income can come from assets that generate monthly revenue, or you can also get extra income from less consistent jobs. Freelance work allows people to use their skills (like writing, art or website design, or furniture-making) to make income on the side. Day trading or trading stocks can give a big return on investment in just a few hours a day when done properly. Rental properties can generate dependable monthly income for your family if you decide to invest in real estate this way. Whatever it is that you choose, remember that the decision should be made together!


When taken, sound marriage advice can help strengthen the bond of a couple. Though it’s not a light topic for the honeymoon, personal and family finances should be discussed to ensure the stability of the household—both currently and in the future. A little bit of organization and the right about of conversation can help any couple master their finances with ease.