Menu

5 lucrative strategies that will earn you an extra $1,000 a month, mama

Consider starting a service for a passion of yours, like teaching music or tennis lessons.

5 lucrative strategies that will earn you an extra $1,000 a month, mama

What would an extra $1,000 per month mean to you? Would it mean an early retirement? More travel? The ability to save for a house or pay for your kids' college expenses? No matter what your lifestyle goals are, earning extra money is a great way to reach them, but earning extra money can be a daunting task.

However, if you're willing to put in a little extra work or find that you have extra time in the evenings, you can earn an extra $1,000 per month. These are some money making strategies to consider.

1. Negotiate a raise

If you're a valued employee at your company, the best way to make an extra money each month is to negotiate a raise. To do this, write down your accomplishments and research salary data on Glassdoor.com. Then schedule time with your manager to discuss a raise.

Your manager may make it seem like it's not possible to get a raise outside of the annual schedule, but that is not always true. Great companies want to retain their best employees, and if you've proven yourself, leverage your value to earn more money.

Most people avoid asking for a raise because they do not like confrontation, but a few minutes of discomfort can yield a substantial income boost. If you utilize data and tact to request a raise, most companies will offer a raise if they're able.

2. Change companies

If you're an excellent employee, but you can't negotiate a raise, consider searching for new jobs if possible. The easiest time to earn extra money is when you switch companies as you have more leverage because you know that the potential employer wants you on board.

In general, when you switch companies, you can expect a 10-20% raise in base salary whereas annual raises tend to be around 2-5%. Job searching might stress you out, but a few weeks of effort can allow you to earn an extra $1,000 per month.

3. Take on a weekend job

If you've maxed out your earnings in your day job, consider taking on a weekend job if your schedule allows it. Because you're trading time off for money, you want to be sure that the job is worth it, so target jobs that will allow you to earn $25 per hour.

You may be surprised how many weekend jobs yield that type of pay. For example, some car dealerships hire weekend employees to be salespeople or your favorite store could look for some extra hands. Taking a job like childcare isn't a bad idea either, especially if you're already taking care of your little and they could benefit from having others around. Although those jobs won't necessarily equate to an extra $1,000 per month (unless you work a ton), they may lead to other opportunities.

4. Start a side business

If you want to earn an extra $1,000 per month, but you want to do it on your own terms, consider starting a side business. If you've got house repair skills, you can start a handyman business; if you're an accountant, you can take on some bookkeeping clients on the side.

Consider starting a service for a passion of yours, like teaching music or tennis lessons. If you're price conscious, you can find items to flip on eBay, or you can start a business selling products via Fulfilled By Amazon.

If you've got a business idea, bring it to life on the nights and weekends. Although starting a business tends to be a slow path to extra income, the upside potential is tremendous. In time, a successful side business can allow you to earn well in excess of $1,000 per month.

5. Freelance

If you work in an in-demand field, you can earn extra funds by freelancing. Becoming a freelance consultant will allow you to charge a premium rate for your services while you take on just one or two extra projects a month. Small businesses who don't need full-time services may pay two or three times your typical rate if you produce results for them.

Switching from a traditional employment situation to freelancing may also yield a big income boost, but before you make the jump be sure your extra income isn't eaten up by paying for your own benefits, such as taxes or startup fees.

Originally posted on Financial Gym.

You might also like:

These new arrivals from the Motherly Shop are *so* good you need them all

Noodle and Boo, Mushie and Plan Toys—everything you need, mama.

Motherhood is hard work—finding great products and brands to make the journey easier doesn't have to be. Each week, we stock the Motherly Shop with brilliant new products we know you'll need and love from brands and makers that really care.

So, what's new this week?

Noodle and Boo: Holistic baby skin care

Through working with chemists who specialize in natural and holistic skin care, Noodle and Boo has developed exclusive formulas that nourish, replenish and protect especially delicate, eczema-prone and sensitive skin—including laundry detergent. Their signature, obsession-worthy scent—which is subtly sweet, pure and fresh—is the closest thing to bottling up "baby smell" we've ever found.

Mushie: Kids' dinnerware that actually looks great

We're totally crushing on Mushie's minimalist dinnerware for kids. Their innovative baby and toddler products leverage Swedish design to marry both form and function while putting safety front and center. Everything is created in soft, muted colors from BPA-free materials.

Plan Toys: Open-ended toys that last

Corralling and cleaning up the toys becomes less stressful when you bring home fewer, better, more beautiful ones. Plan Toys checks all the boxes. Made from re-purposed rubber wood, they're better for the planet as well.

Not sure where to start? Here's what we're adding to our cart:

Mushie silicone baby bib

Mushie silicone baby bib

There's no going back to cloth bibs after falling in love with this Swedish design. The pocket catches whatever misses their mouths and the BPA-free silicone is waterproof and easy to wipe down between uses.

$13

Mushie kids' square dinnerware plate set

Mushie kids' square dinnerware plate set

We're totally crushing on the soft muted colors that flow with our table aesthetics and the thoughtful high-sided design that helps babies and toddler who are learning to feed themselves.

$15

Noodle and Boo nursery essentials kit

Noodle and Boo nursery essentials kit

Stocked with everything a new mama needs to care for her little one's delicate skin, Noodle and Boo's nursery essentials gift set is the perfect way to create a holistic and natural skin care routine from day one.

$45

Plan Toys doctor set 

Plan Toys doctor set

Ideal for quiet time and imaginative role play, we love the gorgeous planet-friendly doctor kit from Plan Toys. The rubber wood stethoscope, blood pressure cuff, thermometer, syringe and reflex hammer pack up neat and tidy into the red cotton case should they need to dash off on a rescue mission.

$30

Noodle and Boo instant hand sanitizer

Noodle and Boo instant hand sanitizer

Since we're buying and using hand sanitizer by the truckload these days, we're thrilled Noodle and Boo has made one we can feel good about using on little ones who cram their hands in their mouths 24/7. Not only does it kill 99.9% of germs, but it also leaves hands moisturized as well.

$10

Plan Toys natural wooden blocks set

Plan Toys natural wooden blocks set

A toy box isn't complete without a set of blocks—and this set is one of our new favorites. The sustainable, re-purposed wood is eco-friendly, comes at a relatively affordable price point and are certain to last well beyond multiple kids, hand-me-downs and even generations.

$30

Noodle and Boo family fun pack cleansing set

Noodle and Boo family fun pack cleansing set

Because their products were developed for delicate and eczema-prone skin, Noodle and Boo's full line of skin care has become a favorite among those with sensitive skin of all ages. This set is the perfect way to pamper the entire family.

$48

Mushie kids' round dinnerware bowl set

Mushie kids' round dinnerware bowl set

No need to sacrifice safety or design with the sustainable dinnerware from Mushie. Their minimalist, functional dishes are perfect for serving up meals and snacks to your tablemates who might hurl it to the floor at any point. They're made in Denmark from BPA-free polypropylene plastic mamas can feel good about and dishwasher and microwave-safe as well.

$14

Plan Toys geo stacking blocks

Plan Toys geo stacking blocks

The best engaging, open-ended toys are the ones that are left out and available, inviting little (and big!) ones to play. These beautiful gem-like blocks make for addicting coffee table play for the entire family.

$30

Plan Toys wooden green dollhouse

Plan Toys wooden green dollhouse

Energy-efficient design isn't just for grown-up real estate. This green dollhouse includes a wind turbine, a solar cell panel, electric inverter, recycling bins, a rain barrel, a biofacade and a blind that can adjust the amount of sunlight and air circulation along with minimalist furniture we'd totally love to have in our own houses.

$250

We independently select and share the products we love—and may receive a commission if you choose to buy. You've got this.

Shop

This incredibly soft comforter from Sunday Citizen is like sleeping on a cloud

My only complaint? I've slept through my alarm twice.

When it comes to getting a good night's sleep, there are many factors that, as a mama, are hard to control. Who's going to wet the bed at 3 am, how many times a small person is going to need a sip of water, or the volume of your partner's snoring are total wildcards.

One thing you can control? Tricking out your bed to make it as downright cozy as possible. (And in these times, is there anywhere you want to be than your bed like 75% of the time?)

I've always been a down comforter sort of girl, but after a week of testing the ridiculously plush and aptly named Snug Comforter from Sunday Citizen, a brand that's run by "curators of soft, seekers of chill" who "believe in comfort over everything," it's safe to say I've been converted.

Keep reading Show less
Shop

In Montessori schools, parents are periodically invited to observe their children at work in the classroom. I have heard many parents express shock to see their 3- or 4-year-old putting away their own work when they finish—without even being asked!

"You should see his room at home!" or, "I ask him to put his toys away every day, and it's a battle every single time" were frequent comments.

Keep reading Show less
Learn + Play