We are talking about time. Time is the most important factor when you compare working from home versus working a regular 9-5 job. If you hate the day-to-day grind of working a normal job and you never worked from home you are missing out on one of life's treasures. It is so limitless only you know what you would do with it. I personally enjoy 3 mile walks with my wife and dog Rixy (the fastest Whippet around). Oh, to be perfectly honest I love golfing with my friend at his country club. The best time to go from 11am to 3pm, if you add the commute times it really takes the WHOLE day. But you what? Time doesn't matter because I make my own schedule. I work from home.

However, time is a non-money advantage. Let's look at some of the real money advantages to determine if working from home is for you. Always weigh your options before making any decision regarding your finances. We will look at some of the required actions needed to work from home in my next article.


Some Real Money Advantages: per year

1. NO MORE COMMUTE! You SAVE the GAS money: depending on the vehicle this is probably between

2. You SAVE the Wear and Tear on your vehicle. Many people don't take this factor seriously but it is serious and costly if you're not factoring it in. Most cars cost at least .25 cents per mile (runs .50 cents to $1 per mile Mercedes AMG). These can surface in repairs or depreciation (i.e.: $25,000 2002 new car price minus current value 2005 $17,000 = $8,000 depreciation). If you add the repairs and upkeep during those years for a vehicle in good working order (average $1000 per year includes, brake pads, regular oil changes, unexpected expenses etc). That's $11,000 loss for three years.

3. Ever get a TRAFFIC Ticket because of your commute to and from work?

4. Does your current employer penalize you for being late?

5. Auto accidents. Not all of us get into one. But those that do lose money on deductibles, and higher rates.

6. Insurance companies usually charge more money for longer commutes.

7. Cost of inflation. Historically between 4-10%. This means everything costs you more, but rarely do job hourly and salary keep up. You see this every time you go to the grocery store, or buy your next car, or car wash etc. Suddenly it feels like you have less money. Trust your instinct or listen to an economist, you do have less money by stores, services etc raising their prices simple translation: inflation. If you own a property this will help but beware. If you don't own a property, inflation could really hurt.

8. No need for lunch money.

9. No need for new wardrobe or keeping wardrobe clean.

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