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Work from Home Savings Calculator
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This business case outlines the benefits of moving from a work
arrangement where the majority of time is spent on site (e.g. 15-20 days per
month) to less time on site (e.g. 5 days or less / month).
Option 1 is your 'Mainly
On-site' baseline. It assumes you spend most of
your time on-site and incur these expenses to generate your annual
income.
Option 2 is your 'Mainly
at Home' option. This can be used for a 100%
remote position or a hybrid option where you only spend a few days per week
or month on-site.
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Instructions: Fill in the 'Yellow' fields, then review the
'Business Case Summary' tab
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General
information for the calculator
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How many days per month will you commute when…
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Work mainly on-site?
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Work mainly from home? (enter 0 days if you are 100% remote)
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How many daily minutes do you spend…
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Getting ready for on-site work
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Getting ready when working from home
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Commuting round-trip for work
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Any one-time expenses for your remote work setup?
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Home office furniture
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Renovations
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Technology purchases
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Other home office items
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Do you commute with Public Transit or Ride Share?
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Driving and Vehicle Details
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Do you have a vehicle?
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Do you own the vehicle?
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Estimated vehicle value
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Preferred unit to measure vehicle efficiency
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*Average
non-work-related driving is about 3000 km or 1900 miles.
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Estimated annual maintenance spend
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Will you sell your vehicle if you work at home
more?
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Proceeds from your vehicle sale
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Monthly payments saved (if applicable)
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Gas or Hybrid engine fuel costs
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*Example: A Toyota
Corolla 4-cylinder engine efficiency is about 7.5 L per 100 km, or 33 Miles
per Gallon.
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Electric Vehicle motor costs
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Home Charging Cost (¢) per kW hour (8-15
cents is avg)
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*Example: The Tesla
Model 3 efficiency is about 7.3 Km per kWh, or 4.55 Miles per kWh.
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Comparison information for the calculator
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Option 1
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Option 2
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Public Transportation Spend (Monthly)
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vs.
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Monthly transit passes and tickets
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Public Transit Parking
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Rideshare (Uber, Lyft, Taxi)
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Other services
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Vehicle and Driving Expenses (Monthly)
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vs.
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Monthly Public charging estimate
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Monthly vehicle insurance premium
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Monthly parking pass or fees
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Monthly toll road charges
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Annual Depreciation Rate*
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*The annual average depreciation rate is 15-20%.
Adjust based on your car's make, model, mileage, and condition. When driving
less, your annual depreciation may be lower as well.
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Food, Social, & Tech Spend (Monthly)
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vs.
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Coffee and beverages
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Meals, snacks, restaurants
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Wardrobe refresh
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Dry Cleaning
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Grooming costs
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Internet or other tech subscriptions
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Other activities / social
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Family and Child Care Spending
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vs.
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School year child care
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Summer child care
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Other family related spend
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Assumptions that apply to both options
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Changes in Gas Prices
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General Inflation
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Average Tax Rate
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Alternative Investment Options or Discount rate
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Work-from-home
Savings Summary
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Year 1 Expense Comparison
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1. Public Transportation Spend
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2. Vehicle and Driving Expenses
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3. Sale of vehicle if no longer
required
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4. One-time Setup Expenses
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5. Food, Social, & Tech
Spend
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6. Family and Child Care
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Total Year 1 Expenses
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Full details are
available in the 'Detailed Results' section below.
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Get a free copy and
join the newsletter!
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Enter your e-mail below and click the green 'Submit' button at the
bottom banner.
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Info@BusinessCaseGuy.com | www.BusinessCaseGuy.com
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