There are many benefits to staying home with the kids until they are school-age, or until they graduate from high school. Whether you stayed at home to bond, save money, or both—there is much to consider when returning to work full-time.
If you aren’t ready to return to work yet, but see a return in the next couple of months or years—build your resume now. While you may not have the time for full-time employment, consider part-time work, volunteering, taking online courses, or attending industry conferences to stay up-to-date. We know it’s challenging enough keeping up with family and friends, but you must stay connected to your professional networks as best as you can—even if only on LinkedIn.
The goal is to maintain a professional network. This will look good on your resume, provide you with current references, help you develop or retain skills, and will even help you to feel more confident when it’s time to get back out there.
Consider A Career Change
If you had a clear career path prior to staying at home with the kids, now is the time to consider if that is still the career you want. Since you have a fresh start, now may be the time to pursue other interests or skills. In fact, only about 39% of stay at home parents return to the same position or field they worked in previously. Sometimes, this is because parents require a less demanding career; sometimes, it is because it is simply a better professional fit.
Consider Being Your Own Boss
If you are ready to return to work but still need the flexibility to spend quality time with your family, consider freelancing. Unlike launching your own business, freelancing allows you to work by contract. Sometimes you will work on-site, but most often from the comfort of your own home.As of 2016, freelancers make up 35% of the workforce, and the demand keeps growing.
Practice Makes Perfect
Many at home parents have always planned to return to work, but are surprised at how intimidating if feels—even if it’s only been a few years. This means it is time to brush up on professional skills, learn about new industry technology and trends, and do a mock interview or two. If you have a trusted friend or former colleague who still works in your industry of choice, contact them for mentorship and advice.
Make Sure You Are Financially Prepared For Your Return To Work
Last but not least, you need to make sure you are financially prepared for your return to work. Saving for college, retirement, general savings, and simply creating more breathing room in your budget are sure to be contributing factors as to why you are returning to work. However, going back to work will come with a few new expenses. This could include:
Professional electronics and tools
Calculate these costs ahead of time, as they are an excellent way of determining the salary you need to achieve or the value of the benefits that come with your new job.
Reach out to Linden Oak Wealth Partners today to ensure you take a strategic approach to your increased income. We can help you and your family determine the best ways to maximize your additional income, by advising on education planning, retirement planning, debt management, tax planning, investment management, and more!
Linden Oak Wealth Partners offers fee-only financial advising customized for women, in particular, women in transition. Our goal is to create an environment where financial planning is efficient, simplified and easy to understand. We want clients to feel empowered and engaged every step of the way. Please contact us to schedule an initial consultation today.
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