• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Moms are Frugal
  • Home
  • About
    • Disclaimers
    • Disclosure Policy
    • Contact
    • How To Have a Guest Blog Spot
  • Family
    • Holidays
    • Parenting
  • Homemaking
  • Homeschool
  • Life Styles
    • Clean Lifestyle
    • Frugal Lifestyle
    • Organized Lifestyle
    • Work At Home Mom
  • Suburban Homestead

Frugal Home Streams Of Income

March 3, 2021 By Michelle Knight 1 Comment

The old saying of putting all of your eggs in one basket can be hazardous. Well, I do believe that can be true. Frugal home streams of income will elevate a normal, everyday person to become extraordinary in their businesses. I firmly believe when you own your own business success is more valuable.

Working hard everyday and seeing that your bottom line is affected is the best motivator. Going to a job everyday is earning a paycheck. But, someone else determines your salary. Safety in financial resources is important, and so is a little risk taking adventure. Follow along on a few ideas that I have thrown together.

 

Frugal Home Based Businesses

Frugal home based businesses are started on a shoestring, and in a closet. Th location is not the determining factor, but the desire behind the business. The absolute control of your own financial destiny is the fuel for most home businesses.

My cleaning company was started from this fire within me to make my own schedule and paycheck. No one was going to tell me that I could have quarter raise once a year. My raise would come from my hard work. I grew my business each year. Instead of becoming a struggling single mom depending on a check, I was an independent single mom.

Frugal home based businesses are derived from a hobby. Do what you love and the money will follow. Following money will not make a successful business.

For example, I love to clean my home. I don’t like to work on cars. Therefore, my business focused on what I love to do. Not, on what I don’t like to do, but may bring money.

Brainstorming a list of businesses that align with your personality, and interests is the first step in a starting a frugal home based business. Furthermore, a home based business is a stream of income once established.

Create A Product

After deciding what business to start, creating more of a passive income that will bring in a residual income is the next step. Understanding the concept that streams of income are set up to keep all of your eggs separated.

Simultaneously, they will bring in a substantial income that will change the wealth bracket of the family. Taking the effort to put in work now, a lot of work now that will pay off later builds the streams of income. Diversify.

The home based business is the working stream of income. A product is the the hobby. What is something everyone needs? Find a solution to a problem or build off a current product. For example, knitters can design a new style with some creativity for a new dishcloth.

How will this dishcloth change a busy mom’ s kitchen? Asking questions and researching this new product is essential. This step is going to take time, but in the end all of the up front research will pay off.

Investments/Savings

Finally, another phase in the streams of income is an account that will pay you. This income will build until needed. Each week money will be set aside into this account so that when other streams of income are complete this will be beneficial.

The three tiers of income are first, a working income that we do daily. Second, a residual income that is set up to bring in an income on its own. The second stream of income is self regulated to be updated and replenished through an online store or a business. Third is the income source from our working income. Again, this account will build. Savings and investments are to build and feed into the other two frugal home streams of income.

I hope that this advice will give a visual of how to set up a system that will work for you and not the other way around. Following these steps will ensure a secure future and retirement. Discipline and desire will play a large part, but in the end will pay off.

Sign up for my newsletter to get more posts delivered to your inbox!

Related Posts:

  • 2c079d73-a4e8-437f-a49b-a228b93f4a45.png
    New Sources of Income for Frugal Homemaking Moms
  • Personal Finance for A Tween Homeschooler
    Personal Finance for A Tween Homeschooler
  • Cloth Diaper Service Passive Income for frugal Moms
    Cloth Diaper Service Passive Income for Frugal Moms
  • Frugal Moms Plant Delivery Service
    Frugal Moms Plant Delivery Service
  • Personal Shopper Home Business for Frugal Moms
    Personal Shopper Home Business for Frugal Moms
  • Suburban Homestead Case Lot Purchase for a Pantry
    Suburban Homestead Case Lot Purchase for a Pantry

Filed Under: Work At Home Mom Tagged With: homeschool mom, lifestyle

Previous Post: « Your the Star Blog Hop
Next Post: Your the Star Blog Hop »

Reader Interactions

Comments

  1. Esther MacDonald

    May 26, 2013 at 2:29 am

    Great advice about babysitting! I agree wholeheartedly. Kids thrive on a schedule and trying to clean up while active play is going on is crazy!

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

God’s simple plan of salvation… John 3:16

For God so loved the world that he gave his only begotten son, that whosoever believeth in him should not perish, but have everlasting life.

moms are frugal author

Grocery Budget Makeover

Your the Star Blog Hop

Your the Star Blog Hop

Not Consumed

 

Copyright © 2025 · Moms Are Frugal