The Savings Behind Being a Work-at-Home Mom

Working from home saved this mom a ton.

When I found out that I was pregnant, I made the decision to transition from my traditional job to working from home, focusing on my blog. Now, after being a work-at-home mom for over a year, I have realized that there are several ways that I am actually saving money with this setup. Here are just a few.

Read More: Side Hustle to Full-Time: How I Became a Six-Figure Freelancer

Childcare Expenses

Working at home gives me the flexibility to set my own work schedule. In reality, I work whenever I find the time. This means pounding out blog posts during nap time, and returning emails late at night.

The flexibility of my work schedule allows me to be at home to care for my son while my husband is at work. If I had a traditional job, my son would need to be enrolled in a daycare full time. A year of full-time, center-based daycare averages out to $12,370 in our home state of New Jersey, according to a 2017 report by Child Care Aware of America.

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Estimated Savings: $12,370 annually

Coffee and Lunch

When I was working outside of the home it was common for me to grab a coffee and lunch on the go. Sure, some days I would pack my lunch to bring to work, but buying lunch was simply more convenient.  Now that I work from home, I make my own coffee and lunch daily. At a (quite conservative) estimate of $4 a business day, my savings would come out to just over $1,000 per year.

Estimated Savings: $1,000 annually

Related: 5 Major Companies That Allow You to Work From Home

Commute Expenses

I was thrilled to say goodbye to my two-hour daily work commute. Now, all I have to do is open up my laptop when it is time to work. By ditching my commute entirely, I save on gas, tolls, and wear and tear on my car. Looking at past years’ expenses in these categories, I’m easily saving a couple thousand dollars.

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Estimated Savings: $2,000 annually

Work Attire

Working from home means no dress code. I can — and do — work in my pajamas. Not having to maintain a wardrobe of work clothes equate to some major savings. I was spending quite a bit to maintain a professional wardrobe each year.

Estimated Savings: $500 annually

More on Working From Home: 50 New, Easy Ways to Make Money From Home

Tax Savings

Furthermore, working from home means that I am able to deduct certain home expenses on my taxes for added savings. Specifically, I deduct a portion of my internet and cell phone bill, since I use them for work regularly.

If I had a dedicated home office, I would be able to get even more tax savings.

Estimated Savings: $200 annually

Total Estimated Savings: $16,070 annually

While I might be earning less than I did at my traditional job, when I take the $16K I am saving by working from home into consideration, it helps to close that gap. Of course, the flexibility and convenience of working from home don’t hurt either. But most importantly for me, working from home means being able to stay at home with my son, which is something you just can’t put a price tag on.

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Click through to find out why this expert ditched her corporate job to become a (working) stay-at-home mom.

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About the Author

Jaclyn Shimmel

Jaclyn Shimmel, busy mother and lifestyle blogger at Crayons & Cravings, has covered everything from money-saving tips to frugal crafts on her blog over the past seven years. With a background in education, Jaclyn enjoys sharing enjoys her passion for personal finance and living a debt free life with her audience. In addition to covering frugal living, Jaclyn covers food, crafts, DIY, and parenting topics as well.

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