Tag Archives: income

Don’t Be So Cheap You Choke Your Business

Pinching pennies can be a very good thing–with a business budget to contend with, it is important that you keep a close eye on expenses and make sure that you are not just throwing money out the window. But, like all things, too much of budgeting and penny pinching can actually stifle and choke your business. There is some truth to that old adage that you have to spend money to make money… A good, working business budget should include an accurate projection of expenses and revenue. But, if you underestimate your expenses, and do not allow for spending when … Continue reading →

You Are the Money–Taking Charge of Your Business Income

Many of us are drawn to entrepreneurialism and running our own home businesses because we want autonomy; we want to be in charge of our own destiny and our own income. After a while, the reality of all the things we cannot control may get to us and we may forget that we really are in charge of our own business revenue… In a traditional job, we go to work for someone else and we agree to do x, y, and z tasks in return for a certain amount of money. But, I am of the opinion that even in … Continue reading →

Coping With a Loss or Drop in Business Income

It would be lovely if we were in a constant upward trajectory in our home businesses and each month, quarter, or year our income just went up and up and up. But, unfortunately, the world of business just doesn’t work that way. For a person who is used to getting a steady paycheck or salary that is regularly adjusted for cost-of-living increases, the fluctuation of cash flow in a home business can be a tough pill to swallow. It can take some adjustment to regroup when there is a loss or dip in income. Planning can help, and preparing for … Continue reading →

Wives Who Work From Home – Bringing Home the Bacon

Posted on by

A couple of days ago, we talked about the fact that yes honey, I do have a job and we heard from wives who are facing this same problem with their husbands. One reader asked the question of how do you communicate this message to them. I gave a response in the comments section, but I thought it deserved a little more discussion here. Bringing Home the Bacon When we as wives, work from home, we do so for a variety of reasons. For myself, personally, it has to do with the fact that I want to be here for … Continue reading →

Marriage Fights: Money

Posted on by

Money fights are one of the biggest problems in marriages today. Financial counselor Dave Ramsey teaches that this is because how we spend our money reflect our values, and whether or not we have the same goals. For instance, if one spouse values saving for retirement while the other would rather have a new boat now (and spends the money intended to go into the retirement account), there is an obvious conflict. And since a large portion of LDS families are larger than the national average, with more stay-at-home moms (and thus tighter budgets), it is easy to understand why … Continue reading →

Do You Need to Increase Your Income?

There may come a point when you have cut back all possible expenses, but you still do not have enough to make ends meet. This may be as a result of a job loss, some type of unexpected accident or injury. If this is the case you will need to find some new ways to generate income temporarily until you are able to find a better permanent solution. There are several options available to you. 1) You could get a second job, or a temporary job if you just lost yours. If you can work somewhere you can earn tips, … Continue reading →

Evaluating the Value of Your Time

It is up to us to figure out how best to utilize and distribute our work time and efforts in our home businesses—we have to decide which tasks are worth our while to focus on, and which ones are not. For many of us, this doesn’t necessarily come as second nature. Still, it can be important to evaluate our tasks and our time and determine if the results are worth the effort. You might consider keeping a log or a spreadsheet of your time broken out by category or task. For example, a freelance writer might have a column for … Continue reading →

Someone Owes Me $200,000

In May of 2006, Salary.com released an annual market valuation of a mother’s work. After interviewing hundreds of stay-at-home and working mothers, they calculated the 10 most common tasks mothers do and the market valuation for those tasks. According to their findings, the average “SAHM” (Stay at Home Mom) would earn $130,000 plus per year for working more than ninety hours per week. More recently Salary.com valuated the “earnings” of a working mother which was over $80,000 annually for the “mom job” portion of their work. That’s in addition to their actual “work job” salary. So, considering these findings, wouldn’t … Continue reading →

Earn More! Top Paid Jobs with Growth Potential.

One of the best ways to bring yourself some financial freedom is to earn more money. You’ve looked at jobs in your career field, but the prospect are dim. So you’ve thought about going back to school, and you’ve invested in a 529C college fund for yourself. The nest egg is growing and its time to get some new education toward a new career. How do you decide what new degree to get? Perhaps you’ll make your decision by looking at the top paying jobs with the most growth potential in the USA. According to MSN – Money Magazine, the … Continue reading →

So, How Much do you Make?

It happened again this week…twice. I was talking with a friend of mine about my home-based businesses. It didn’t take long before she asked, “so, are you guys doing okay?” What? Doing okay? Was someone ill? Did I sound sad? Clearly confused…I asked, “what do you mean, am I doing okay?” She answered, “oh..I mean, financially.” Later that week, I was excitedly telling another friend about my writing endeavors. Without hesitation she replied, “so…what do you actually make?” I have been a work-at-home mom for five years now and it seems like every-time I talk about my various “gigs” someone … Continue reading →