Simple Ways to Save Money when you Work from Home | #CP

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.
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"

Karl Young

Part-time daddy and lifestyle blogger. Father of 2 boys under 2. Golfer, scare-fan, tea-lover, traveller, squash and poker player. I write on the @HuffPostUK

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