Work From Home Moneysavers - Close That Wallet

There is a great deal of flexibility and satisfaction from being able to work from home.  It can bring a nice full or part time income and help you to avoid many hassles of a remote job including commute time and having to be away from your family more than you might like.  These can result in some great work from home moneysavers.  Here’s how.

If you are able to work from home, you can avoid the costs to commute to a job.  This includes gas, oil, tolls, and the wear and tear on a vehicle.  If you work from home and are married, you may even be able to get by on one car and save a great deal of money.

But even if you have a second car, the savings in fuel, tolls, etc. can be substantial.

And by avoiding a potentially long commute, you now have a lot more time available to spend on productive tasks.  Many people have a daily commute of one hour or more so you can certainly expect to gain many more hours you to spend on productive and profitable tasks.

Or even if you decide to use the time to spend with family and friends, this time is better used in this way than sitting in traffic.

By maintaining an office at home, you may be able to deduct many of the expenses associated with this kind of space for tax purposes.  You may also be able to deduct the expenses for Internet and phone service.  And most of the expenses associated with office supplies might be expendable as well.

It is best to check with your Accountant for his/her recommendations on this. 

If you have young children, you may be able to arrange your work at home tasks so you can take care of your kids and save on child care.  These expenses can be substantial so you’d end up potentially recovering a good deal of money.

And don’t discount the fact the for the most part, you don’t have to get dressed up for a stay at home job.  Unless your job entails being on a video, no one knows what you look like.

You can also avoid having to purchase all kinds of business attire and spend the day in much lower cost casual wear.  Or you can use the money you save to buy some really great looking outfits just for fun.

But as you can see, there are certainly substantial cost savings which can be realized through a work at home job.