Career Tips – Return to work Budgeting Tips
By: Neil Nepomuceno
As we head back to working on-site, we must anticipate additional costs like parking fees, lunch outs, and dry cleaning. All of these are on top of the overwhelming gas price. Here are some tips on how you could update your budget plan and stick to it.
Be prepared for extra costs
Sure, we missed dining out with our colleagues, and this might be the first expense you should expect when you return to the office.
TIPS: Plan your eat outs and adjust your budget by scrimping on other things. Lessen your ‘I deserve this’ online shopping habits and limit your big purchases each month. Doing this can help you enjoy your lunch outs with your workmates without sacrificing your budget.
Spend Mindfully
Small things add up over time. From getting a cup of signature latte from a nearby coffee shop to swinging by the mall for a new office attire, you will likely incur more expenses with the urge to catch up with the life outside.
TIPS: Consider swapping and finding more practical alternatives like going to a vending machine for coffee or heading to a thrift shop for a new office attire.
Anticipate higher travel costs
With the recent increase in gas prices comes an increase in fares as well. Whether you’re commuting or bringing your own car, you need to find a solution to save on these extra costs.
TIPS: Carpooling with your workmates is a great way to minimize transportation costs and ensure your safety. If you’re driving to work, find the most efficient route and record your daily transportation costs to stay on track with your budget.
Consider relocating
Long commute or drive to work means excessive transportation costs. Try to find an affordable place near your workplace. Not only will it decrease your travel time, but it could also help your productivity by not having to worry about traffic jams and bad weather.
TIPS: Take the time to know your new environment before you move. It’s important to find the best one that will suit your lifestyle and budget.