ISmall-Business.net

Intelligent Business Solutions

  • Home
  • Strategy
    • Small Business Strategy
      • Combining Niches to Maximize Profit Potential
      • High Ticket Versus Volume Niche Selection
      • How to Know When to Cut a Business or Niche Loose
      • Never Put All Your Eggs in One Basket
    • Sales Strategy
      • Facebook Networking Versus Paid Advertising
      • Brainstorming a Successful Sales Funnel
      • Best Practices for Profitable List Building
      • Backend Sales Strategy Tips
      • A Better Way to Use Webinars for Profits
      • Creating a Welcome Email That Makes Money
    • Production Strategy
    • Human resource strategy
  • Management
    • Business action plan
      • 7 Things to Send JVs to Get Them Onboard
      • Don’t Make JV Promises You Can’t Keep
      • How to Host a Challenge and Maximize Profits
    • Small Business Management
      • Putting Profit Tasks First During Time Management
      • How Self Doubt Sabotages Your Financial Success
      • Repurpose Your Content to Save and Make Money
    • Business Management Topics
      • Fighting the Stigma of Failure
      • Figuring Out the Perfect Launch Date and Time
      • Bonus Creation That Catapults You to Leaderboard Domination
      • Do Customers Prefer Video or Text Courses
      • Minimize Your Risk of Refunds with These 5 Tips
      • How Often Should You Email Promo Material
      • Narrow Niche Domination
      • Perfecting the Launch Process for Increased Profits
    • Business Management Blogs
      • Nobody Expects a Perfect Expert
  • Ideas
    • Find business ideas
      • 5 Lucrative Non IM Niches
      • 6 Niches That Are Hot on Social Networks
      • Are PLR Stores a Viable Way to Make Money
      • How to Know If a Membership Site Is Right for You
    • Idea feasibility
      • How to Make Money Off a $7 Product
      • Recurring Income Options
    • 10 top business ideas
      • Could Coaching Bring in More Money Than Products
      • Individual Coaching Versus Group Coaching Profits
      • Building a Reputation as a Powerful Affiliate
      • Pinterest Profit Niches
    • Low cost business ideas
      • Making Money Off eBooks and Reports
  • Valuation
    • Business Valuation
    • Increase business valuation
      • Making Wise Investments in Tools to Further Your Business
    • Business Valuation Methods
    • Understand business valuation
  • About
    • About Me
    • Blog
    • Contact Us
    • Sitemap
    • Privacy Policy
  • Strategy
  • Supply Chain
  • Customer Focus
  • Entrepreneur
  • Biz Opportunities
You are here: Home / Biz Opportunities / 4 Financial Benefits of Becoming a Remote Worker – Business

4 Financial Benefits of Becoming a Remote Worker – Business

July 19, 2022 by Asif Nazeer Leave a Comment

[ad_1]

Featured image by fizkes

The pandemic has changed the world forever. A lot of people have lost loved ones, scarring them emotionally and leaving a hole in their families. Others have lost their jobs and had to change careers. This revelation has forced many employees to evaluate the other skills they possess. They find there are other work opportunities available, including becoming a remote worker.

Whether you had to find a different job or you were lucky enough to retain the one you had, you probably ended up working remotely for a long period of time. This caused many businesses to change the way their employees work. The abrupt change caused everyone to see that productivity can still be high from home.

There are a lot of financial benefits of being a remote worker as an employee. For example, car insurance when you work from home becomes a lot cheaper. You no longer have to worry about buying new dress clothes when you have a big presentation in front of your colleagues. You may even get some tax breaks if you are a freelance contractor.

We’ll discuss these perks and a few more. This will let you see the bright side of the remote working environment.

Say Goodbye to Restrictive Clothing as a Remote Worker

Being behind a computer screen for work has been very convenient and comfortable for employees. You often get to dress more casually as a remote worker. Many people have to spend hundreds of dollars a year to replace old dress clothes and garments for work, but this is no longer an issue.

Looking professional is still a thing for remote work, but it is much cheaper to only buy shirts. Nobody can see what you have below the belt when you are on Zoom. If you want to take it a step further and skimp on other methods of self-care, that will go over easier, too.

Women no longer have to put on all their makeup if they are going to be in front of a spreadsheet instead of their boss. Men don’t have to shave or put gel in their hair. You can skimp on these methods of hygiene and upkeep if you feel tired. This can save you money on the products that go along with these routines.

These tips don’t apply to everyone, obviously. Use good judgment when deciding how much your coworkers are going to see of you from behind your screen. If you are a teacher, for example, it’s probably a good idea to still look teacherly for your students.

Kids already feel confused about this remote school environment. Maintaining your familiar attributes for the class will make the atmosphere as normal as possible.

Say Hello to Tax Breaks for Contractors

This benefit usually only applies to those who do remote work as contractors or are self-employed in other ways. When you work as a freelancer, you can get several tax breaks depending on your working environment.

If you have a specific room you work from, and you have a computer that is only used for your job, see whether the IRS will give you a break on some expenses. These are items that are normally paid for by your employer. If you have to buy extra supplies for your job as a remote worker, it’s only fair that your employer reimburse you for those expenses.

There might be some loopholes for those who are working from home temporarily, but only if you communicate with the IRS. You are going to have to prove you are working for an extended period of time. You are also going to have to show evidence that remote work has been a financial hardship for you before getting a tax break on those extra purchases for work.

As a Remote Worker You Can Limit Your Driving

When you have to go into the office, one of the most tiresome aspects of the experience is driving in congested traffic. This part of a worker’s day is very stressful and adds a lot of wasted time to your schedule that could be better off used on more productive activities.

This is not only emotionally depressing but also damaging to a person’s finances. We often don’t realize how much cash we put into all the aspects of driving. For example, putting gas in the car is an obvious hit to the wallet. If you have a 50-mile round trip every day, you’re going to be filling up frequently. Working from home will save you thousands of dollars over several years.

A not-so-clear benefit of being a remote worker is that you can also apply for cheaper auto insurance rates. If you aren’t on the road very often, there is less of a chance you will get into an accident and have to file a claim. Make sure you let your insurance agent know about this lifestyle change so you can negotiate a more realistic rate you deserve.

There are also all the extra expenses that hang out on the fringe of the driving experience. You can say goodbye to going to the car wash every other week after spilling coffee on the seats. You also don’t need to buy the cellphone holder you had been thinking about putting into your car for your morning commute.

RELATED ARTICLE: HOW TO CHOOSE THE BEST CELL PHONE HOLDER FOR YOUR CAR

Let Daycare Become a Distant Memory

Getting to work from home allows you to spend more time with your family. If your kids want to eat lunch with you or roughhouse a little during a break, have at it. This will create lasting memories that both of you will cherish for years to come.

It also means you don’t have to worry about spending money on daycare or alternative methods of watching your children. So many households no longer have a stay-at-home parent. This presents financial hardships. Who is going to watch your kids when they get home from school? As a remote worker, that answer can now be you.

Society’s digital transformation keeps you right in front of your kids and away from the expenses of third-party care. This will save you an enormous amount of money over time. You should be warned that this may take your attention away from your job, though. Make sure your productivity is still good while multitasking as a parent and a worker.

RELATED ARTICLE: DIGITAL TRANSFORMATION: A ROADMAP TO SUCCESS

Nothing is perfect, but the pandemic’s push for remote work has been happening for almost two years now. Hopefully, you have seen some upsides to this experience, especially as they pertain to saving money. Continue to find these small (or large) savings whenever you can, and maybe even ask to keep working remotely after your job goes back to the office.

About the Author

Shawn Laib writes and researches for the auto insurance comparison site, AutoInsurance.org. He wants to help families understand how they can save money in a variety of ways throughout the pandemic and the remote working experience.

[ad_2]

Source link

Filed Under: Biz Opportunities

About Asif Nazeer

My current sphere of interest is Internet Marketing - Worked for many years in finance and banking. I now consult for small businesses and starts ups. Also involved in venture capital for new companies.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sign up for our newsletter and receive a free EBook on how to boost productivity






Find it

Blog By

Small Business Consultant and Accountant helping grow your small business Read More…

Follow us online

  • Email
  • LinkedIn
  • Twitter

Recent Posts

Unlock Small Business Triumph: Your Definitive Guide to Success

Small Business Topics: A Comprehensive Guide for Success As a … [Read More...]

  • Why the F&B Sector Needs Streamlined Payment Methods – Business
  • The Rise of AI in Ecommerce Outsourcing – Ecommerce
  • The Benefits of Turnkey Tech Solutions for Forex Brokers – Business

Archives

  • December 2024 (1)
  • March 2024 (2)
  • February 2024 (3)
  • January 2024 (1)
  • December 2023 (3)
  • November 2023 (1)
  • October 2023 (3)
  • September 2023 (6)
  • August 2023 (1)
  • July 2023 (5)
  • June 2023 (16)
  • May 2023 (1)
  • April 2023 (2)
  • March 2023 (4)
  • February 2023 (2)
  • January 2023 (5)
  • December 2022 (5)
  • November 2022 (8)
  • October 2022 (7)
  • September 2022 (6)
  • August 2022 (6)
  • July 2022 (13)
  • June 2022 (11)
  • May 2022 (7)
  • April 2022 (8)
  • March 2022 (12)
  • February 2022 (8)
  • January 2022 (11)
  • December 2021 (9)
  • November 2021 (10)
  • October 2021 (11)
  • September 2021 (3)
  • August 2021 (10)
  • July 2021 (12)
  • June 2021 (5)
  • May 2021 (10)
  • April 2021 (17)
  • March 2021 (40)
  • February 2021 (39)
  • January 2021 (58)
  • December 2020 (66)
  • November 2020 (59)
  • October 2020 (34)
  • September 2020 (47)
  • August 2020 (37)
  • July 2020 (2)
  • May 2020 (1)
  • April 2020 (1)
  • March 2020 (33)
  • February 2020 (25)
  • January 2020 (20)
  • December 2019 (27)
  • November 2019 (28)
  • October 2019 (34)
  • September 2019 (38)
  • August 2019 (13)
  • July 2019 (44)
  • June 2019 (40)
  • May 2019 (58)
  • April 2019 (51)
  • March 2019 (43)
  • February 2019 (44)
  • January 2019 (43)
  • December 2018 (47)
  • November 2018 (43)
  • October 2018 (58)
  • September 2018 (44)
  • August 2018 (60)
  • July 2018 (49)
  • June 2018 (58)
  • May 2018 (54)
  • April 2018 (39)
  • March 2018 (46)
  • February 2018 (48)

Topics Covered

business consulting business growth business management business marketing business strategy business topics small business small business success small business topics

Biz Opps

[ad_1] Featured image by Blake Wisz on … [Read More...]

[ad_1] Are you looking for the best ways … [Read More...]

[ad_1] Featured image by … [Read More...]

Customer Focus

[ad_1] First published in Exchange, the magazine … [Read More...]

Entrepreneurs

[ad_1] Uptown Cheapskate is a resale … [Read More...]

[ad_1] A team of neuroscientists in the … [Read More...]

[ad_1] This article was translated … [Read More...]

Strategy

[ad_1] If you buy something through our links, we … [Read More...]

[ad_1] In helping celebrate Black History Month, … [Read More...]

[ad_1] ZOHO started its current Email Marketing … [Read More...]

Supply Chain

[ad_1] Although managing inbound shipping can be … [Read More...]

© Copyright 2015 iSmall-Business.net · All Rights Reserved · Powered by ISmall-Business.net · Admin