How Nannies Can Make Money From Home During COVID-19

Nannies dedicate their professional lives to caring for clients’ children. As coronavirus sweeps through the country, many parents have shifted to remote offices, keeping their kids at home under their care. 

Social distancing or shelter-in-place orders don’t mean you have to survive without income. Take a look at Benzinga’s guide to learn how nannies can make money from home during COVID-19.

VIPKID: How to do Find a Star (FAS) Reward System? -

1. Tutor Remotely

Continue your passion for nurturing children by teaching English with VIPKid  — a global education company that provides online English immersion learning. You’ll join more than 100,000 teachers to help the company stream over 5 million classes every month.

Teachers can make up to $22 per hour. All lesson plans are provided for you and sessions are always 1-on-1. You can sign on for a 6-month minimum and choose your own flexible hours.

VIPKid requires you to have a bachelor’s degree and be eligible to work in the U.S. or Canada. Teaching or tutoring experience of some kind is preferred, and teaching certification is even better. 

2. Deliver Groceries

Groceries are still essential as we weather COVID-19, so you could be of service to families and make some cash as an Shipt delivery employee. 

Shipt is an online service that provides same-day grocery delivery. Sign up through its app to become a Shipt shopper and delivery person. You can choose a local client’s grocery order in the lineup  — then complete the shopping and drop it off. Shipt requires no set hours. Like Uber, you just open the app and work when you’re available.

You can bring in $10 to $17 per hour. The company encourages tipping  — $5 or 20% is recommended — whichever is higher. 

If you choose to sign on with Shipt, be sure to think about how you’re going to approach sanitation during COVID-19. Clean your cart with the store’s wipes or bring your own kit. Wash your hands before and after shopping. It’s also a good idea to sanitize your car and carry hand sanitizer. 

Right now, Shipt clients can choose a “Leave at My Door” delivery option. This option is meant to serve as additional protection for both you and the client.  

Shipt employees must be at least 18 years old and eligible to work in the U.S. You need consistent access to a reliable vehicle and the ability to lift 50 pounds. 

Best For
People looking for a convenient, secure way to sell their items

3. Sell Your Old Stuff

Even if you’ve decided you’re not leaving home, you can make money selling your old media and tech items through Decluttr.

Decluttr makes it easy to trade old phones, computers, CDs and video game systems for cash. Send at least 10 media items or 1 tech item to get started. Then, search your items on Decluttr’s site or app for the valuation. For the best experience, Decluttr recommends downloading its free app. To make a sale, your total valuation must be at least $5. 

Your items hold their valuation for 28 days. When you choose to sell, Decluttr will send you a free shipping label. You just need to box up your items and find the nearest UPS drop point. 

Decluttr lets you choose how you receive payment — through PayPal, direct deposit or a check in the mail. If the world has you feeling philanthropic, you can even donate your proceeds to the charity of your choice.

4. Get in Touch with a Financial Advisor

Nannies are usually self-employed, often without health benefits or a retirement plan. Self-employed people can have a harder time accessing COVID-19 relief. If your financial situation has you feeling overwhelmed, it could be a good time to speak with a financial advisor. 

Check out SmartAsset, a financial tech company that provides the best personal finance advice on the web.

Enter your ZIP code to get connected with up to 3 financial advisors who are already vetted by SmartAsset. The site’s questionnaire drills down your personal needs to make the perfect recommendations. You can also continue with SmartAsset to book your in-person appointment with the advisor of your choice.  

In addition to advisor recommendations, SmartAsset has free tools to help you understand the implications of your financial decisions. Its automated financial modeling technology includes calculators for you to weigh choices like renting versus buying. The site does include recommended providers for financial products. 

5. Get Creative

Culture has changed drastically and quickly. The needs of homebound families are different from the needs of the overextended families of just a few weeks ago.

Spend some time thinking about how families’ new needs might be met with your skillset. Odds are good you can make some money.

As a nanny, you could provide online learning opportunities for parents trying desperately to work at home full time and sustain a homeschool environment. DIY craft kits are in demand, and parents are ready to shell out for virtual field trips and more. 

6. Trade Stocks

Maybe you’ve spent your days teaching nursery rhymes or orchestrating playdates — that doesn’t mean trading stocks is beyond your reach. Anyone can trade stocks online. The best part is you can begin to make money now and continue to trade stocks for a passive income stream once you’re back with the kids. 

Want Real Time Gainers? Start a free 14 day trial

Gainers

Session: Jun 23, 2022 4:00 pm – Jun 24, 2022 3:59 pm
Symbol Open Close Change Change % Volume
STAF
Staffing 360 Solutions
0.67 6.88 6.21 926.86% 15.12K
USAK
USA Truck
14.58 31.00 16.42 112.62% 2.72M
BNTC
Benitec Biopharma
0.74 1.21 0.47 63.49% 94.92M
TBLT
ToughBuilt Industries
1.74 2.67 0.93 53.44% 175.74M
WISA
WiSA Technologies
0.60 0.86 0.26 42.69% 44.08K

Losers

Session: Jun 23, 2022 4:00 pm – Jun 24, 2022 3:59 pm
Symbol Open Close Change Change % Volume
RESI
Front Yard Residential
5784.26 11.98 -5772.28 -99.80% 0.15K
HOTL
Kelly Strategic ETF Trust Kelly Hotel & Lodging Sector ETF
4023.92 12.64 -4011.28 -99.69% 2.53K
XDNA
Strategic CRISPR & Gene Editing Technology ETF
3075.80 10.68 -3065.12 -99.66% 0.87K
TENX
Tenax Therapeutics
0.58 0.27 -0.31 -53.15% 45.05K
PBLA
Panbela Therapeutics
1.07 0.64 -0.44 -40.63% 30.56K

Check out an online brokerage to set up an account quickly. Add some money and you’re ready to find companies to invest in. Try to go in with an idea of which stocks you’re interested in. A little online research will go a long way. 

To complete the buy, fill out your broker’s form, and choose the order type — the 2 most common are market and limit. A limit order is a safer bet because you’ll never pay more than what you enter on the form, and your stocks will also never sell for less than that. Set your time frame to finish up and enter the buy. 

Online courses about trading stocks are readily available if you want to learn the basics first. 

Make Money From Home Today

The onset of COVID-19 can make your financial situation feel dire, but today is the day to take action and start making money. Anyone can get started with Decluttr, and if you’re venturing out of the house, Shipt lets you bring in some income and serve your neighbor.

No doubt the children and families you work with are missing your care. As COVID-19 continues to spread, Benzinga will provide live updates so you’ll know when the risk subsides and you can get back to caring for the kids. 

Disclosure * Only Entity (non-Institutional), IRAs, Individual or Joint equities and futures accounts with the correct promotional code entered and funded with New Assets (as defined below) greater than $499.99 are eligible for this cash offer. To qualify, you must enroll your existing or new account (the “Account”) either by entering the promotional code on your new account application or by requesting to enroll, via telephone, with a TradeStation Representative. You must fund the Account with New Assets within 45 calendar days of Account enrollment. New Assets is defined as cash or securities held at a financial institution other than TradeStation (assets transferred from an existing TradeStation account do not qualify). Your Account will not qualify for the cash offer if you withdraw or transfer assets from your Account, then redeposit them into the Account. New Assets will be aggregated during the 45-calendar day period following the enrollment date to determine the amount of your cash offer. TradeStation will calculate your eligibility to receive a cash offer by adding all New Assets deposited or transferred into the Account during the Promotional Period, reduced by any withdrawals or transfers from the Account during the 270-calendar day holding period following the last day upon which you funded your Account with New Assets during the Promotional Period (“Qualifying Assets”). Asset fluctuations (up or down) do not affect the calculation of Qualifying Assets. The cash offer will be determined based on Qualifying Assets in the Account as follows: Less than $500 – cash reward of $0; $500 – $24,999 – cash reward of $50; $25,000 – $99,999 – cash reward of $250; $100,000 – $199,999 – cash reward of $400; $200,000 – $499,999 – cash reward of $800; $1,000,000 – 1,999,999 – cash reward of $3,000; $2,000,000 or more– cash reward of $5,000. Your one-time cash reward will be deposited into the Account the month following the end of the 270-calendar day holding period. Customers who receive promotional offers from any TradeStation affiliate may be subject to IRS Form 1099-MISC reporting requirements should the total value of those items exceed $599 in a calendar year. Please consult a tax professional. This promotional offer does not apply to charges associated with overnight fees, regulatory fees or other account fees and charges, including margin interest, if any. Your account will be considered and approved or disapproved based on all relevant factors, including your financial situation and trading experience. Prices, fees, costs and terms are subject to change. This offer cannot be combined with any other offers. Only one offer per client on one qualifying account. Clients who received previous cash offers from TradeStation are ineligible. Additional restrictions apply. TradeStation reserves the right to terminate this offer or change the terms and conditions at any time.

Related content: HOW RESTAURANT EMPLOYEES CAN MAKE MONEY FROM HOME DURING COVID-19