The face of telecommuting has drastically changed in the span of 5 weeks. Prior to the social distancing requirements created to combat the spread of Coronavirus, only 7% of the workforce in the United States had the option to work from home on a regular basis. Telework was typically a benefit reserved for corporate executives, managers and other private-sector staff whose compensation fell in the top quarter of earnings (generally, $30 per hour or more). Although working from home has major advantages, there is one factor that is not being addressed. The hidden fees.
As we continue to follow stay at home mandates and work remotely, here are a few expense categories that you will probably see rise:
Utilities - Since we're home, we will be using more electricity. Between keeping laptops, tablets and phones charged, keeping the Netflix marathons going and the fact that we are turning the lights on during times when historically, no one would be home and cooking, the dial on our electric meters are spinning all day. We are also using more water than before. Not just in the form of additional hand washing (which we should all continue to do), but now that we are eating at home more, that means there are more dishes, pots and pans to wash. In terms of tips to save in these areas, unplug devices that are charged and power them off when not in use so the batteries keep their charge. Unplug appliances that are not in use. Use energy efficient bulbs. As a germaphobe, I can’t offer any tips on the water usage because I was washing my hands excessively before the pandemic, so you can only imagine how I’m rolling now. I wash dishes before and after use so I can’t help there either.
Groceries - So the majority of us are not dining out at restaurants, but we are eating at home. Groceries are less expensive than dining out, so there’s an instant savings there, but some of us are overeating. Over the past week, I found myself doing a lot of snacking. I stepped on the scale and noticed I had gained 5 pounds. Many of us are eating out of boredom or other emotions that we are not addressing. Our kids are also eating at home more. For those who need and are able to get food assistance from school meal programs, I recommend taking advantage of it. The Supplemental Nutrition Assistance Program (SNAP), which is the largest federal nutrition assistance program may also be of benefit to your family. Set pride aside and do what’s best for the long-term.
Household Goods - Many of us know how difficult it was to get our hands on basic toilet paper. I myself waited in line at Costco to get a brand that was unfamiliar to me and now that we are using it, leaves me totally unsatisfied, but I guess it’s doing its job. 😕 In any event, since we’re home all day, the increased usage means increased expenses. In addition, we’re using household cleaners, paper towels and other household goods more often so we will see those as added costs to our bottom line. Look for vendor and store coupons. Purchase items while they are on sale. With inventory in high demand for these goods, it may be difficult to get your hands on them. In instances where it is feasible, buy what you think your family will need for the next 30 days. It’s better to have these items on hand than to need them and not have them. You can always share with others and serve as a blessing to them.
Of course the additional costs that are incurred while you work from home are offset by those things that have been eliminated - commuting costs and costs to launder or dry-clean your work wardrobe. The convenience of working from home also comes with the added bonus of spending time with our families. We can eat together, speak with each other throughout the day and even give each other those much needed hugs and kisses. That can’t be priced.
Staying at home is how we fight the spread of this virus and I’m committed to doing my part and pray that you are committed to doing yours. These adjustments we are making to our daily lives are well worth it in the long-term.
Head over to https://www.benefits.gov/ and see what benefits you may be eligible to receive. Any assistance can help alleviate financial burdens and stress caused by this economic downturn. You can also find a list of more resources at https://www.facingfinances.com/covid19.
Blessings to you and your family!