There are many benefits to working from home: the commute is ditched, you can wear whatever you like and there’s no boss hovering over your shoulder when you’re trying to have a sneaky peek at cat videos.
Aside from all these things that make working from home a joy, there’s also the added bonus that it saves you money.
Here are five ways you can save money by working from home:
1. No travel expenses
Unless you have a small child who’s decided to set up a kiosk at the top of the stairs and charge you a toll to go downstairs or to the spare room, your commuting expense will be zero. Whether you usually take the train, the tube or you drive to work, you’re going to save a lot of money on travel.
In fact, you might find that, after taking into consideration the cost of petrol, car insurance and maintenance, you can live without a car and sell it instead. That way, you’ll not only save money but you’ll make money too. Bonus.
2. No more ‘work clothes’
We’re not suggesting you work naked (although what you do in the privacy of your own home is, of course, entirely up to you) but even if you weren’t required to go into work suited and booted, you probably had clothes you wore for work and clothes you wore at other times.
Working at home allows you to wear whatever you want to wear without having to buy a whole separate wardrobe for work.
3. No more expensive sandwiches
‘Aha,’ you say, ‘I didn’t have expensive sandwiches – I used to buy a Tesco Meal Deal and they’re only three quid.’ Indeed, Tesco Meal Deals are a bargain but even that three quid can add up to over £700 a year if you have one every day. Not such a bargain now, eh?
And if you had a delicious but expensive sandwich from Pret-a-Manger each day… well, let’s not think about how much that would have cost you. You may now be yearning for some financial discipline when you return to the office.
Not having the expense of buying lunch every day will not only save you money but will also save you from piling on the pounds gained by giving into the temptation of crisps and chocolate at the till.
4. No more childcare expenses
Unfortunately, school opening times don’t usually coincide seamlessly with the average full-time job. This means that, even if you started work late enough that you could drop your child off at school before you left for your commute, you wouldn’t be back in time to pick them up at the end of the day.
Working at home allows you to be more flexible with your working hours, meaning you can look after the school run yourself without paying someone else to look after your child while you’re at work ironically earning enough money to enable you to pay someone else to look after your child.
Also being in the workplace also carries a high spending social scene with after work drinks for leaving dos and birthdays. This offers an easy way to keep your social life on a budget by going to the important events you want to go to.
5. Time is money
We’ve all heard the saying ‘time is money’ (which, fact fans, originated in an essay by Benjamin Franklin). This saying means that wasting time is also wasting money. So, if you take into consideration all the time you spent travelling, your average working day could shrink from 10 hours to 7 hours, leaving you with a much healthier hourly rate and work/life balance.
As you can see from the above, working from home can save you a great deal of money. It’s like getting a pay rise without any awkward conversations with your boss.