Working From Home While Staying Within Your Budget

Work from home

Have you recently got the opportunity to work from home for your company or launched your own business? Working from home is becoming more popular than ever before. In fact, in just 12 years, it has risen by 159 percent! Working from home can be quite convenient and has numerous advantages.

However, when it comes to your money, there are benefits and drawbacks to working from home. Let's look at how working from home can help you save money and how it can also cause you to spend more.

The benefits and drawbacks of working from home on your budget

While working from home can help you save money, there are some situations where you'll wind up spending more. The benefits, on the other hand, are quite appealing, and it is feasible to save money and stay to your budget. So, let's look at how working from home can help you save money.

Benefits of working from home

Who doesn't like to make a little more cash? When you work from the comfort of your own home, you have the ability to save a significant amount of money in some areas of your budget.

Cost of commuting

Working from home has a number of advantages, one of which is not having to commute to work! You will save money on gas because you will not have to drive to work every day. The average cost of commuting to work in the United States is $2,000-$5,000 a year.

Additionally, if you use your car less, your vehicle's maintenance costs are likely to be lower. If you don't drive and instead take a different mode of transportation to work, you can save money on public transit. Not to mention the money you'll save on tolls and parking if you have a long commute to work.

Make-up and clothing

If you're anything like me, you'll shun video calls in favour of audio-only or phone calls. If I have to participate in a video chat, I put on a decent shirt but keep my sweatpants on.

After all, why spend all that time in the morning getting all dressed up if no one at work is going to see what you're wearing?

While you shouldn't work in your PJs all day, it is true that working from home allows you to wear more casual or loungewear. Working from home and not wearing suits or fancy gowns has the advantage of reducing the number of items you need to purchase.

Every year, this might save you hundreds, if not thousands of dollars. The average household spends $1,866 per year on clothes and services, according to the latest statistics from the Bureau of Labor Statistics Consumer Expenditures report.

The same may be said for cosmetics. Is it really necessary to put on all of your makeup? Is a little blush and lipstick all you need? Working from home allows you to save money on clothing and cosmetics.


If you're working from home more often, you're not commuting as often, which means you're stopping at fewer coffee shops. Did you know the average American woman spends $2,327 on coffee each year?

Instead, invest in a high-quality coffee maker and prepare your own coffee at home to save money in the long term. For the price of one latte, you can get coffee beans that will last up to a month. Another benefit of working remotely is that you may escape the temptation of coffee shops on your way to work!

Going out to eat

Working from home may result in fewer trips to the restaurant. That means you'll save money over time if you don't eat those $12 sandwiches for lunch every day. "Americans spend an average of $2,746 a year on eating lunch out!" according to a Visa poll.

Instead, you can go to the store and get the ingredients you'll need to prepare your own meals at home. If you budget properly, this will end up costing you less in the long run.

Consider meal planning and meal preparation ahead of time. After all, if you spend less time commuting to work, you'll most likely have more time to cook.

Remember that treating yourself to takeout is fine once in a while, but you don't want to make it a habit. Another benefit of working remotely is that you eat out less, which saves you money!


Working from home has another advantage: you might possibly save a lot of money on child care. Working full-time at home while your children are present is surely not simple. It does, however, save you money, especially if your children are old enough to be self-sufficient and complete schoolwork on their own.

Though you need child care even if you work from home, you can save money by limiting the number of days per week that you utilise it. That way, you can keep working full-time while just paying for child care part-time.

The expense of going to the gym

Do you have a gym membership that you don't utilise nearly as much as you'd like? Instead, try exercising at home.

With a stationary bike and some weights, you can set up a good at-home workout station for a few hundred dollars. This will be less expensive in the long term than a monthly gym membership.

While you may miss the social aspects of going to the gym, seeing your training equipment at home may provide additional motivation to work out and save you money.


Another advantage of working from home is that you may be able to deduct a portion of your mortgage, rent, or utilities from your taxes, especially if you are self-employed. If you utilise a room or a specific area of your home solely for work, it may be deductible as a business cost.

Working from home has its drawbacks.

While working from home can save you a ton of money, you may find that the costs of working from home start to creep up in other categories. Below are some costs that could increase. Be sure to make a plan to accommodate them in your budget.

Increased utility expenses

One of the most expensive aspects of working from home is the expense of utilities. You'll expend more energy if you spend all of your time at home. To connect to your workplace tools and video conferencing services, you'll generally need a quicker internet connection.

As you use the lights and stove more frequently while teleworking, your household utilities will climb as well. Your water bill is also likely to increase.


As you can see, this category encompasses both the benefits and drawbacks of working from home! You're also more likely to run out of household supplies sooner, which means you'll have to buy them more frequently.

Toilet paper, sugar, coffee milk, and even hand soap will almost certainly be used more frequently. You could be motivated to try out new recipes now that you don't have to commute.

While you may not dine out as frequently, your grocery bill is sure to increase as you spend that money on other necessities. Having said that, we have some excellent suggestions for halving your shopping spend.

Temptations of online purchasing

If you take a break from work by browsing your favourite websites, you'll encounter a lot of adverts if you're online all day. As a way to reward yourself for working from home, you might be tempted to buy that latest game or cute purse that was on sale.

While it's fine to treat yourself every now and then, be cautious of going over budget and overspending when buying online. One of the most significant downsides of working from home is the temptation to shop online.

Office equipment and technology

If you work from home on a regular basis, your kitchen table might not be enough, and you'll want to invest in a good workspace. That means investing in things like a good desk or a better back-supporting chair. You might also require office materials such as pens and post-it notes.

Before you start getting inspired on Pinterest, make sure you budget for these costs of working from home. Getting ideas from those lovely photographs might be costly.

Stay on track with your budget and save money while working from home!

Working from home has both pros and downsides. Working from home will alter your budget, but it does not have to be a negative experience. With a little forethought, you might save hundreds of dollars per year!

Keep track of your money using budgeting templates and tools to ensure that, even if your budget changes, your financial goals remain unaffected.