Job-Related Expenses Cost Employees Thousands

 
 
By Dennis McCafferty  |  Posted 2016-07-14 Email
 
 
 
 
 
 
 
 
 
 

We often think about how much we get paid to work, especially when it's time for the annual review. But have you given much thought to how much you actually spend on job-related expenses? A recent survey on this topic from CareerBuilder may raise eyebrows, as findings reveal that professionals shell out thousands of dollars a year on average. Business clothing, for example, amounts to a triple-digit budget item every year, while commuting requires hefty payouts at the gas pump, bus stop or train station. So where can you cut corners? You can start by packing a lunch and drinking office-supplied coffee. When you buy coffee and constantly eat out or order lunch in, you spend hundreds of dollars a month in unnecessary expenses. "The cost of work is often what the rest of your budget is centered around," said Rosemary Haefner, chief human resources officer at CareerBuilder. "Knowing how much it amounts to can help you trim costs and make different lifestyle choices if need be. You can vow to carry lunch to work every day, stop buying coffee out, look for cheaper business clothes, etc. Managing those costs can help account for other expenses—like commuting and childcare—which won't subside." More than 3,030 workers took part in the research.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.
 
 
 
 
 
 

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