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3 financial realities for work-at-home moms

by Meagan Francis on November 13, 2012

money rules for self-employed

I often get emails asking about how to get started as a freelancer or how to juggle life as a work-at-home mom.

But while I’m always happy to help where I can, I sometimes think that getting started is the easy part. When excitement is high, expectations seem pie-in-the-sky, and your overhead is pretty much non-existent, launching that home-based business can feel more like play than work.

At some point, though, things start to take off…and self-employed parents find themselves facing tradeoffs and realities they may not have considered, many of them having to do with finances.

Over at Babble, I’ve teamed up with CITI/Women & Co to write about some of the financial realities many work-at-home moms will eventually face:

When I speak to groups of aspiring entrepreneurial women, I tend to hear a few common concerns: work-at-home moms often worry about investing family money into their own businesses (so they try to do everything themselves), feel guilty about taking time away from home and family for their business ventures (so they shy away from hiring help or child care), or they view their income as “bonus money” – and spend it all without ever investing back into their business.

I’ve been self-employed for 10 years, and have definitely made some mistakes along the way (financial and otherwise!) But as I’ve turned my home-based business from a source of extra cash to a full-time income, I’ve learned these financial truths about working from home:

I’d love for you to read the rest of the post and let me know what you think! Are you a work-at-home parent who’s encountered some unexpected financial realities?

Want more ideas
for creating a happier home life?

{ 2 comments… read them below or add one }

Polly November 16, 2012 at 6:15 am

I’m a work at home parent and still struggling to make ends meet since my husband can’t fully support our needs. I work while taking care of the kids so sometimes my work suffers since I have to prioritize my kids. I still can’t see myself hiring a nanny to watch over them while I work. I know I’ll make a lot of money by doing so but I want to exclusively take care of them and just balance my time between the two. I just hope that I could really balance taking care of the kids and working in the next years to come.


claudia January 13, 2013 at 10:54 am

I was happy to find this site !! I know exactly how hard it is to be stay and home and juggle money and all for the family. I want to share with you ladies a bit how i make some extra money (especially when i do house cleaning or closet cleaning:) ). I sell my used and sometimes new stuff that doesn’t fit on for free. I even bought stuff from the dollar store and sold it online. Believe it or not there are a lot of people out there who never entered a dollar store…I get stuff for a dollar and i sell it for about $3-$4 (depending on what it is). I make a few extra hundred dollars each month and I am pretty pleased as long as its free.


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