Working remotely has its perks: no annoying getting stuck in traffic, you work at your pace, you can work from anywhere you want, and you can manage your time to do other important things in your life. Since most people who work online are freelancers, there are times when the earnings come in torrents and times when things slow down.
If you do not save money when you are doing well, you may have a hard time when the rain starts beating you down. Here are great and simple ways to save money when working 100% remotely.
Change Your Car Insurance to a Low Mileage Rate
Since you are working from home, your movement may be limited to the mall and probably a weekend excursion. Most of the time, your car will be parked. Talk to your insurance agent and see if they can change your insurance to a low mileage rate. You may not save much here, but it will be a win for you. You may also consider selling your car and getting a bike.
Eat at Home
Eating at home will certainly save you a lot. Learn how to cook and prepare delicious meals at home. If you want to free up more time, you can consider batch cooking, and your weekends will be free to do other leisure activities. Eat leftovers for lunch, and do not waste any food.
Save on Day Care Costs
If you have little children, you can save on daycare/nanny costs when working from home. In some countries, these costs could amount to a little fortune. Find a way to create a healthy work-life balance so as to take care of your kids while delivering your mandate on time.
Save On Clothing Expenses
Now that you are not moving around as much, you may not need to buy fancy clothing. Most people who work from home love being comfortable. Most work in t-shirts and pajamas. You will save a lot of money you would have spent on buying clothing if you were working from a physical office.
Look For Cheaper Hobbies
A quick jog around the neighborhood in the evening, several minutes in the local gym, and finding other ways to entertain yourself at home (such as playing video games) instead of going out can help cut costs tremendously.
Save on Time
There are no hours wasted in traffic jams, and you can set when to work and when not to. You can take as many breaks as you need when you feel overwhelmed without someone breathing down your neck.
Cut Down on Subscription Services
You do not need to pay for a dozen streaming and subscription services for entertainment while working from home. How much TV and movies can you watch anyway? Remember that even though you are working from home, you have targets and deadlines to cover. Find one streaming service you love and cancel the others.
Negotiate Internet and Phone Call Packages
You will be using the internet a lot when working from home. Take your time and shop around before you commit to one company. Chances are that you can get a discount or a better package if you try to negotiate with them. Ask the cellphone company to review your monthly rate since your phone will mainly be connected to wifi while working from home.
Find an Additional Remote Job Part Time or Full Time
People who work from home have a higher chance of finding and comfortably managing two remote jobs. As long as you deliver your projects and hit your expectations, you can work for more than one company. This means an increase in the revenue.
Find a Side Hustle
Besides looking for another job, you can find a side hustle that puts extra money into your pocket. Look for something you love to do and figure out how to transform that into a business. For instance, if you love baking, you could offer baking services for weddings and events as a side hustle.
Batch Your Errands and Make One Trip
Unless it is an emergency, try to batch your errands and make one single trip to the mall to fulfill these errands. This saves more on gas costs and gets you a change of scenery.
Save Money on Heating and Electricity
Keep the temperature in your home set lower for heat and higher for AC. A fan or space heater can help just cool the room you work in without heating or cooling the whole house. If you have off-peak utility rates, use your major appliances when the rates will be lower.
Save On Grooming and Hygiene Products
Since you are working from home full-time, you do not need to wear makeup, hair gels, or deodorants unless you hold an official online meeting. Some of these beauty products are quite pricey, and working from home may help you dodge that bullet.
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