Even though many companies have been transitioning back to in-office work, remote and hybrid working models aren't going anywhere. Just over 21% of Americans work remotely some or all of the time, according to the latest data from the Bureau of Labor Statistics (BLS). Working from home comes with a host of benefits, from being able to sleep in later, avoiding long commutes, and ditching your business casual attire.
But it can also come with more expenses, like higher utility bills and more expensive grocery runs. So, how can you keep your work-from-home expenses low? Here are some cost-cutting measures to try.
One of the benefits of working from home is avoiding the many costs of office life: commuting, meals out, professional clothes, child or pet care, and more. In fact, full-time office workers spend an average of $863 per month on work-related expenses, according to a survey by video conferencing solutions company Owl Labs. But there are also expenses associated with working from home.
Although remote workers spend about half as much as office workers ($423 per month, on average), these costs can still put a strain on your budget. For example, spending more time at home can increase your energy costs due to increased water and electricity usage. It can also lead to a more expensive grocery bill if you're eating more meals at home (and maybe eating more in general thanks to a fully stocked kitchen nearby).
Plus, there are costs for setting up and maintaining an at-home workspace, which can be expensive depending on the furniture and supplies you need. The good news: There are steps you can take to reduce the expenses associated with working from home and put more money back in your pocket. Working from home might mean skipping pricey work lunches with your coworkers.
However, it also means your grocery bill could increase as you transition to preparing more meals and snacks at home. Buying coffee, snacks, frozen foods, pantry staples, and other frequently used items in bulk from a wholesale club can lower your cost per serving (and reduce the temptation to order takeout during the workday). For example, say you're planning to make your own coffee at home every morning.
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