If you work outside of the home and you are considering switching to working from home, you may be wondering whether you can afford to make the switch. You know how to make your family’s finances work with your current income, at least most of the time. You are wise to be wary because many home-based businesses do take a while to start making money, but the transition may be more affordable than you think.
The reason for that is that, simply stated, working from home cuts your expenses in a number of ways. For example, unless your home-based business involves a lot of driving, you will be cutting out your commute, saving both time and money. Expenses that are commonly associated with commuting to and from work include gas, tolls, bus or subway fares, and your morning coffee stop. The time that you spend commuting to and from work could be yours again, to spend as you wish.
Food is another area in which you will most likely save money when you switch to working from home. Unless you already bring a home made lunch to work every day, chances are that you spend more money on lunches and snacks at work than you would if you did eat lunch at home. As an added bonus, you will have more flexibility to decide what you will eat, which could make your lunches both tastier and healthier.
There may even be other ways that your transition from your job to your home-based business will be less painful than you think. Does your work require a uniform or other clothing or gear that it costs money to keep clean and in good repair? That’s just one possible scenario. Why not write down all of the things that you can think of. If you have been holding back on making the switch to working from home, this exercise just might inspire you to take the leap.
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