Page 35 - Work At Home Moms

One of the potential downsides of working at home comes in the lack of funding for
retirement. You can overcome this obstacle if you plan carefully and make sure to
put away for your future.

A PENNY SAVED IS A PENNY EARNED

Retirement savings is important, but so is short-term savings. If you plan on
helping fuel your family’s lifestyle or even funding it entirely, putting away cash for
a rainy day is a very smart thing to do. This is also a great way to prepare for
downtimes that can occur with any business.

Some of the options worth exploring on the savings front many of those mentioned
for retirement investments. Stocks, bonds and other investments can pay off.
For more straightforward savings, you can consider such things as:

 Traditional savings
Just open a savings account and start putting away a set amount every
week, two weeks or month. Stick with it and your nest egg will build nicely
over time.

 Money market accounts
Should you wish to earn a little more interest on your money, these can work
very well. They operate like normal savings or checking accounts, but bear a
greater amount of interest.

Earning a good living as a work at home mom is certainly possible, but it might not
be enough to cover your long-term bases. If you want to protect your earnings,
your health and your future, it is very wise to make accommodations for insurance,
retirement and standard savings.