Every self-respecting thrifty man with a business (or even a side-hustle) should have a home office. It doesn’t need to be much, thankfully. You don’t need to dedicate an entire room to it and you don’t even need a computer (through a laptop really does help!). However, as we utilize our home offices, we can start to add up the expenses. Whether it’s the cost of stationery, computer repair bills or even software we need to purchase, it can start getting really expensive. To save money on your home office expenses, consider following a few of these useful tips that we’ve compiled in this article.
Replacing the morning coffee run
Let’s face it, getting your daily fill of tea or coffee can add up in price especially if you’re heading off to your local coffee shop to buy it. But coffee can make you happy and the daily coffee run can be a lot cheaper if you simply invest in a coffee machine or even just instant coffee. However, there is an exception to this: free coffee refills. Some generous coffee shops and bars offer the holy trinity of self-employed productivity: a tranquil environment, great drinks and free WiFi. Simply take your work laptop around and look for places that do free refills on drinks and you’ll usually find that it’s a pleasure to work in (assuming your work can be done from your laptop!). Some people find it strange to work at a coffee shop or a bar, but it’s surprisingly relaxing and you can get a lot of work done once you get used to it.
Buy wholesale and look for deals
Office supplies can quickly add up in price. Whether it’s cartridges and toners for your printers or packaging materials for the products you send out, office supplies can quickly add up in price and make a huge dent in your budget. Instead of going out to your local store or even ordering them from regular stores online, take a look at wholesalers or budget-oriented stores that offer the supplies for less. For great deals on printer ink and toner, visit Cartridge People and for wholesale packaging materials, you may want to search around for a local supplier that can ship large orders of items like packing foam and flat pack boxes to you.
Remember your tax deductions
Keep in mind that many of your home office expenses can be tax deducted. If you record all of these expenses and compile them before you have to send off your self-assessment, you’ll have a much easier time calculating just how much money you can shave off your tax contributions. However, you won’t be able to do this if you’re officially employed, but if there are home office costs involved with working from home, then you may want to speak with your employer and ask them about what expenses they’re willing to cover.
In short, working from home is a fantastic career choice but you can’t neglect the costs of running your business from home or even just working at your own pace. Follow these tips and you’ll find that you can easily handle the expenses and even save some money in the process.