Working from home has been common for some people and lately, even required for many more. There are pros and cons to every type of workspace. One of the positives of working from home is the ability to save money. Here’s a few tips to put that hard-earned money back in your pocket.
- Make your own coffee
The temptation to buy your coffee every day is much easier to resist when you’re not leaving the house. You may need to buy the syrup, milk, cream or sugar to replicate your favorite coffee house brew, but it’s still cheaper to buy the supplies and make it at home.
- Spend less on lunches
Similar to making coffee at home, it’s easier to eat in when you don’t have coworkers inviting you out to lunch. The $10-$15 per meal you spend every time you eat out really adds up over the course of a year.
- Save on gas
Getting to work – whether by public transport or your own car – costs money. Some work from home employees find they only need to fill their car with gas every few weeks instead of every few days. And although not a monetary savings, your commute to your home office is sure to be shorter than a commute to the office. Find some creative ways to use that extra time!
- Spend less on clothing
Investing in a work wardrobe, even over time, can be expensive. Working from home tends to be more casual. To save even more, try buying second-hand clothes.
What do you do with the money you’re saving? It’s always a good idea to contribute to your emergency savings fund. Read our tips to get started.
This information is presented for educational purposes only. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.