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5 Things I'd Cut From My Budget to Keep Working From Home

October 7, 2015

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Are you thinking of working from home? Here are the 5 things I'd cut from my budget to work from home! via @shoeaholicnomore

I never want to come off like I’m bragging about my life and work situation these days, because I’m so thankful about where I’ve come from and every job I’ve had in the past. Even though I didn’t always enjoy them, I learned a lot about life and about myself along the way. These lessons made me so much more appreciative of what I do now.

I love working from home and I love what I do and I really don’t want to ever give it up and go back to the 8-5 lifestyle. But I have thought quite a bit about what might happen if things don’t work out with my business. If I fail and find myself running short of fulfilling my financial obligations, what would I do?

Of course if I had to, I could always get another job. But first I’d try to trim my budget.

Seeing as how I’m not very frugal, it might seem like I should have already given up these things in the name of becoming debt free, but I haven’t. I’ve cut back on my spending A LOT from where it used to be pre-blog. But I know I could cut back on it more if I meant the difference between continuing to work from home or going out to get a job. Here are 5 things I’d cut from my monthly budget so I could keep working from home.

Eating Out and Entertainment

This would be the first thing I’d cut out of my budget in order to keep working from home. It’s hard for me to say this one because I seriously love eating out (and that’s what most of my “entertainment” budget goes toward). Going out to eat with my friends has been one of the weak points of my budget from day 1.

Luckily it’s gotten a lot easier now that my friend S moved away and I spend most of my time at home in my pajamas. The motivation to go out to eat is a lot less since I’d probably have to put on real pants so I don’t look homeless. Just keepin’ real! #truth

Netflix or Hulu

Even though I cut my TV subscription a few months ago, I could still save more money in the TV category. Currently I pay $7.99/month for Hulu and $16.64 for Netflix. The Netflix gets me 1 DVD at a time and online streaming. The reason I decided to keep getting DVDs from Netflix is because some of the shows I want to watch are not available on instant streaming. That said, I’m thinking about cutting that anyway because most of the time I’m too lazy to get up and take DVDs in and out of the machine anyway, so 99.99% of my TV viewing is via instant streaming of Netflix or Hulu.

If it got to where I needed to cut my expenses, I could cut this down to one service or the other and I could cut the DVD portion of my Netflix subscription for sure. In fact, I might do that anyway.

Less Hair Cuts

Having short hair is amazing. It only takes me about 5 minutes to do my hair everyday, which means more time for sleeping! I seriously love it, except that I have to get it cut every 6 weeks in order to keep it looking decent.

If I had to lower my expenses, I might be able to stretch my hair cuts to 8 weeks or I could grow my hair out again. 🙁

I have already cut my hair maintenance budget a lot as I used to get my hair colored or touch-up colored every 6 weeks as well. Not my salon cost is about $35/6 weeks instead of $100+/6 weeks. I do still hate my natural hair color though, so there’s that.

My Cleaning Lady

This one is pretty far down the list. I love having my cleaning lady come every 2 weeks. She leaves my house sparkling and smelling amazing. It’s not too expensive in relation to what I get out of it: a clean house and saving a whole day’s worth of wasted time. When she cleans, she’s able to get my house cleaner than I can and in far less time. This expense is totally worth it to me and I’d hate to cut it from my budget.

Shopping or My Smartphone

When I got ready to talk about the last thing I’d cut from my budget I had a hard time deciding between shopping or my smartphone.

I love both of these things a lot. I know it would be hard for me to cut anything on this list, but these two would be EXTREMELY hard for me to cut.

Ultimately it would make more sense for me to cut shopping instead my having a smartphone. I could down grade to a dumb phone, but I use my smartphone quite a bit for business purposes and I’m able to write off some of the expense.

Shopping doesn’t benefit my business or my tax situation, so it should be the thing I cut.

Of course, I hope it never comes down to making these decisions so I can keep working from home. That’s why solopreneurs can never quit hustling! Even though I feel like my business is exploding right now and I have more than enough work, I’ve still always got my eyes open for new opportunities.

One thing I’d never want to cut though is Freshbooks. Freshbooks has been the best thing for my business because it makes it easy for me track my invoices and expenses.

If you work from home, what would you cut in order to keep working from home? If you don’t work from home, will you be cutting something to lower expenses so you can work from home or work your business full-time?

Are you thinking of working from home? Here are the 5 things I'd cut from my budget to work from home! via @shoeaholicnomore

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22 responses to “5 Things I'd Cut From My Budget to Keep Working From Home

  1. This was a great list, Kayla!! However, something tells me in a few months/years you’ll be able to ADD stuff to your monthly expenses (if you want)! 🙂

    I would cut out eating out (though I don’t do this often anyways) and my random Saturday shopping trips (Bath and Body Works candles, anyone?!). Our miscellaneous expenses are pretty low already which allows us to save a good amount each month!

    Great post!! Hope you have a good day 🙂

    1. Thanks Sarah! I hope I can get to the point that I don’t have to worry about cutting things from my budget to make it work. That would be awesome! I love B&B candles too 🙂

  2. If I had a cleaning lady I would be totally reluctant to let her go. It’s great that you have already started game planning for if something huge were to happen financially, but I really don’t think you have anything to worry about. You’re rocking it!

    1. I just have to. Even if I just wear my PJs I have to fix my hair. Otherwise it looks like J$’s but not in a good way. 🙂

  3. This is a good list! I’ve been actually thinking backwards and am currently trimming the fat now so I can work from home. I’m hoping to cut expenses now and then slowly add things back into my budget. Dining out/coffee and entertainment seems to be a category I can always improve on though. No matter how hard I try, this expenses always hurts each month.

    1. I did cut some things before I quit my job to work from home, but I’m always thinking of what I could/would give up to keep working from home if I had to.

  4. Hi Kayla,

    Were you laying in bed one night thinking about this? 🙂 This seems like a list I would come up with if I was having a hard time falling asleep. Forget the sheep, let’s think worst case scenario!

    Joking aside, I think it’s important to have a backup plan. I hope you never have to cut back, but if you do, it’s nice to know there is a plan in place.

    When Jacob and I were starting our frugal living lifestyle, I decided I would learn to cut my own hair. (Apparently I like to live life on the edge.) Little did Jacob know, but I was awakening my inner cosmetologist. Now I do my own hair: cut color, highlight, everything. So, it can be done if you’re willing to be a little brave. Although, your hairdresser might comment on the color when you go to get your trims. ha!

    1. I think cutting my own hair would be a nightmare to keep me up at night, haha. 🙂 I’m glad it worked out for you though.

      Yes, I like having a back up plan, though I hope I never have to use it!

  5. Oh good, I’m so glad I’m not the only one who loves her cleaning lady 🙂 It seems like such a not ok PF blogger expense, but I LOVE my cleaning lady and, like you said, she does a better job in a shorter amount of time, plus she saves me hours of boring work. I like my lady so much, I’d love to bump her up to weekly… she’s only twice a month right now.

    For better or worse, we’re hiring her on weekly when we put our house up for sale, because the house has to look good and I’m too busy to keep it clean (and forget about the fiance, he’s just too lazy). I think I’ll like having her once a week, but I can’t get used to it! 🙂

    1. Mine is every other week too and so I do “touch-up” on the weeks she doesn’t come so it doesn’t get icky. But I wish I could have her come weekly!

  6. I would give up eating out & maybe my gym membership (but that is what keeps me sane most days). Hair coloring is definitely not going!! I’m not ready to embrace my gray hair yet 🙂

    1. Giving up getting my hair colored was so hard! I love getting it done, but it’s dang expensive! I might bring it back once I can afford it again.

  7. I love my home office and I’m always plotting and scheming to make sure that it stays this way. We already cut quite a few things so that we can continue to save, so I think our last two big budget items are our food budget (both take away and grocery are included here) and travel. We don’t do a TON of the latter but we do spend more than average when we do for amenities like pet friendly hotels (or pet boarding if Seamus doesn’t get to come along).

    1. I have already cut quite a bit from my budget too, so it’s hard to find more things to cut out. I do spend a bit too much on going out to eat and shopping. Those are my 2 main struggles every month.

    1. Thanks! You can check out some of my more recent posts where I answer Q&A’s about business and getting started, or check out my ebook and resource library by signing up to be one of the VIPs on my email list. 🙂

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