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Affording the Work From Home Lifestyle

Working from home is a growing trend among the working class. It offers many advantages compared to the typical 9 to 5 office employment. While there are also some disadvantages, you can work through many of them and enjoy the freedom that comes with this lifestyle.

Making Enough to Support Your Lifestyle

The idea is to work from home and make the same amount or more than you did. Venturing out on your own pursuing your passion is your dream. Thankfully, many professions now support the work-from-home platform. Consultants, real estate agents, bookkeepers, and graphic designers are a few. Many people also have lucrative careers as writers, editors, and tutors.

Making Use of Your Resources

When you work from home, not every month is fruitful. If you have a tight month you can bring in additional money from other sources. Clean out the basement, garage, and attic and have a yard sale. Go through collectibles and inherited items such as antique furniture, antique rings, old coins, or stamps and check their value with an appraiser. 

Saving for Paid Time Off

Unlike a typical job where you work for a company when you work from home, you are the boss. This means that it’s up to you to establish a savings account to enjoy time off. Taking a portion of your weekly earnings and allocating it to a savings account will ensure that when you need down time, you can get away.

Healthcare and Retirement

Healthcare is something you need not only for yourself but also for your family. With healthcare costs rising, it can be difficult to secure a plan that provides all the benefits previously enjoyed. However, there are ways to find adequate coverage. Most states offer affordable health care plans for those who work from home, work part-time, or have no benefits through their employer. Medicaid is another option available. For your retirement, a personal 401K or Roth IRA is something that you can set up now and contribute to weekly or monthly. This way when you reach your retirement age you’ll have a sizable nest egg. 

Unpredictable Income

Most people that are self-employed have months that are lucrative and months that fall short of their goals. One way to remain in control and maintain a healthy credit report is to take the average for the year and divide it by 12 months. This way you’ll have the money each month to keep your bills current and avoid paying additional fees for late payments. 

Saving on Expenses

When you work from home your commute is a few steps down the hall. If you’ve previously had a commute of 30 to 45 minutes, you’re saving $50.00 weekly on gas. Additionally, you won’t need to change the oil very often and your tires will last for a few years instead of one season. You also don’t have the morning coffee stop or lunch out which can add another $50.00 or more easily. On top of that, you no longer have to update your wardrobe with professional attire, another huge savings. All in all, you can save $500.00 and more in a single month. 

Available to Enjoy Living

When you work 9 to 5 Monday through Friday, you have to alter your life. You no longer have to schedule doctor’s appointments late at night or over the weekend. You have time to attend school functions, family events, and make dinner on your schedule. If a child becomes ill, you are there to tend to their needs. You can spend your lunchtime any way you want. You control your life. 

Working from home provides many opportunities that you won’t have working in an office. However, before you give notice, make sure to factor in things like healthcare, vacations, and retirement. 

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