Family DayCare. I am going into this, it's the perfect choice for the SAHM, you get to do all the Mummy things still with your child while making money doing it with someone else's. You get to pick your own days and hours, do it part or full time, take holidays when you want, charge the rate you want (if people will pay it), and the schemes usually have playgroups, toy libraries and resources for you to use.

In my area you can have up to 4 under 5s in your care (including your own) and up to 7 total (not including your own school aged children), so I can look after 2 under 5s and 3 before and after school care kids daily. At around $5-ish an hour per child, that works out to be pretty good money.

I get to do all the fun and games with my own kids, they get to have playmates around, I don't have to put my girls in daycare for them to interact with other children, and very importantly (to me), I get to have a hand in getting at least a couple of kids out of institutional daycare for a couple of days a week and look after them in an at home environment.

HTH