Visions of working in ones pajamas are easily conjured up by many who yearn for the freedom to work from home. At a glance, it seems that the question of if money will be saved by working this way is trivial. Of course, you will save money on commuting, on business attire, expensive lunches, and even the giving of corporate gifts, etc. The question of saving money from working at home is so-o-o-o obvious (and if said by my teenager would be accompanied with a roll of the eyes!).
Before you start bankrolling those savings for a cruise, I want you to again, stop, and see if you can take the concept of saving money which you will to the reinvestment of money which you will.
It is prudent to sit down and go over your budget for the past six months to a year. What you are trying to separate out is the money you spend on work-related things in your life. You want to look at the money you spend on the following items:
– Travel, transportation (including tolls/parking/tipping of lot attendants); include also a portion of your cars depreciation and maintenance.
– Clothing Business attire including shoes/haircuts/makeup, etc.
–...
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