The Benefits of Working at Home
If you are a late night television purveyor you will notice there are numerous commercials that promote "work from home" opportunities. These opportunities promise a high income through less work. Well, the high income part is correct as there are many "work from home" jobs that can yield huge income, but these types of jobs require commitment and dedication. There are no easy routes! The hard work, however, is worth it as the benefits of working from home are vast. So, if you are thinking about exploring options of working from home it becomes important to look at the benefits such work has to offer.
Probably the most common benefit would be convenience. In fact, this is the benefit people mostly concentrate on, but convenience isn't everything and is often not even the best aspect. When you look at all the broad based benefits that working from home has to offer it becomes evident that these opportunities have a tremendous amount to offer. Many times, these benefits are more ancillary that obvious. In other words, much of what you gain from working from home is not always demonstratively noticeable until you stop and look at thing closely. In order to illustrate this, let's take a look the impact that you working from home will have on your car expenses:
1.) You will drive less and this means your gasoline savings will be significant. If gasoline is $3 a gallon and you were using a mere dozen gallons a week in your commute to work you have just saved $1,872.00 a year from your budget.
2.) You will also eliminate common expenses such as wear and tear on the car, oil changes, tire replacements or potential accidents.
3.) If your car is being used in a limited manner then your car insurance premiums may very well be cut in half.
This is only the tip of the proverbial iceberg. Working from home eliminates two huge expenses: renting office space and commuting. If your office is in your home you have eradicated the need to rent an office. Instead, you simply work out of your home or apartment…which you are paying for anyway! Plus, when you eliminate renting an office you have various additional expenses such as décor, furnishing, etc that are completely eradicated as well.
But, as the legendary marketing Guru Ron Popeil once said, "Wait! There's more!" Another avenue of savings that you would acquire would be the tax breaks for the portion of your home/apartment that is used for work. Yes, there is such a thing as a work from home tax break and it is found on the IRS' Schedule C form for Self-Employment tax. If you have a desk and office set up that takes up 10% of your apartment and you work seven days a week and you pay $900 a month rent, you figure out 10% of your annual rent and may deduct it from your income tax!
Again, there are many benefits to working from home and some of those benefits are not exactly obvious. But, when these benefits finally reveal themselves the true benefits of working from home become clear.
Article written by: Craig Parker - Make Money Expert |
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