I've worked from home for 9 years - and I've saved $30,500 in lunches, gas, business attire, and coffee
- Working from home can save you thousands of dollars each year.
- Some of the biggest savings come from cooking at home, not having to buy dress clothes, and not spending money on commuting.
- Costs of working from home include using your own internet and electricity - plus, navigating a new type of work-life balance.
- I've been working from home for nine years, and it's helped me save about $3,400 per year, or more than $30,000 total.
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After working in the entertainment industry for a number of years, I switched to writing full-time in my late 20s. I have been a self-employed writer for nine years now, working from home five days a week, most weeks out of the year.
At first, adjusting to self-employment came with plenty of struggles. There was the process of getting myself on a manageable schedule, the balancing of the home as both my residence and my workplace, and of course there was the hustle to find enough work to make my new arrangement worthwhile.
One thing I appreciated right from the start, however, was the money I saved by using my own home as my residence. Assuming you are a remote employee or that as self-employed professional you have already factored in costs traditionally covered by employers, like insurance benefits and paid time off, working from home can markedly cut your expenses.
I estimate that working from home saves me $3,389.30 per year. That comes out to an astonishing $30,504 for the full nine years I've been working remotely.
Read on to see how those savings break down.