A
lot of people think that working from home is easy. This isn’t true at all, in
fact, sometimes it can be just as, if not more draining than working 9-5. On
top of that, you will also have expenses to pay for as well, and if you are not
careful then you may find that they mount up far more than you realise.
Save on Travel Where you Can
Sometimes working from home does
mean travelling to meet clients. If you want to save money here, then it helps
to buy an annual travel pass. This means that you can get on the bus, train or
any other type of public transport at any time. You won’t have to worry about
paying the peak price either, so if you find that you are constantly running
errands, it may be cheaper for you to invest in something like this. It may
also help to find a cheaper car insurance policy if you do own a car, as this can really help you to save
money.
Food and Drink
If you work from home, then you may
find that your food bills drop massively. This is of course unless you decide
to have lunch delivered to your home every single day. If you want to help
yourself here, then it helps to get your shopping delivered for the week, also
spend the minimum amount. When you do, you will soon see that the cost of
living drops dramatically and that you never have to worry about going out at
the last minute. If you need coffee to function, then why not consider investing
in a coffee machine? This will save you a substantial amount of money on coffee
runs.
Focus on Claiming your Tax Expenses
You really would be surprised at
how much you can claim for when you are a business owner. You can claim for
part of your rent, phone bill, furniture, business equipment and even heating
allowance too. The only thing that you have to do is keep the receipts, and
also make sure that you only claim for expenses that relate to your business.
Energy Efficiency
When you work from home, you may
find that you have your heating on full-blast at all times. This can easily
become expensive, and although you can claim for part of it, you may find that
you still end up footing a huge bill. If you want to change this then the best
way for you to go about that would be for you to wear layers and for you to
also invest in a portable heater. Energy efficiency is crucial here, so replace your boiler with a better model if
possible.
Equipment
Think about it, do you really need
to invest in top of the range equipment for your home business? Probably not.
If you want to save money here, then it’s a good idea for you to buy your items
second-hand. When you do, you can easily cut down on your expenses.
*This post was written in collaboration with a third party, the words expressed are my own"
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