If you’re considering making the leap to working from home—whether full-time, part-time or casual as a medical transcriptionist—chances are you’ve already made plenty of pro-and-con lists: more freedom, less routine. More control, less structure.

But what about the financial aspect? Here are some monetary costs and benefits of working from home you may not have considered:

Eating out

Grabbing a coffee every morning and going out to lunch with coworkers to escape the cube (or because you didn’t have time to pack a lunch) racks up big bills when working in an office.

When you’re working from home, you no longer need the convenience that comes from just buying your food instead of preparing something at home. You also need less of a reason to treat yourself/de-stress/escape your horrible boss by running out to eat. Even if you’re frugal about how much you spend eating out, it still adds up fast.

Commuting costs

The average Australian spends about 29 minutes each way commuting to and from work daily. By commuting only from your bed to your laptop, you can save considerable amounts of petrol money—not to mention extra costs like tolls, parking fees and repairs from the added wear and tear on your car.

In fact, if you’re a two-car household and you’re comfortable with the idea, you could even sell one of your cars altogether, not only saving you money on fuel and insurance fees, but also giving you a nice little windfall to put aside for something more enjoyable.


Imagine if you could drastically reduce your childcare fees simply by working from home. Not only do you get extra time with the kids, but you don’t have to worry about such a big expense. Many parents report that they cannot work full time due to the rising costs of childcare. In addition, when it comes to working full time, many people are still on call or checking emails well after office hours, which can then cut into valuable family time.

Business attire

Taking the opportunity to work from home is a great option if you don’t want to have to worry about expensive business attire. Maybe you’re not a “Skype call in my onesie” person, but you also no longer need to put on a suit and tie each day.

Whether you’re rockin’ the PJ’s, t-shirt and jeans or hoodie, you no longer need to worry about updating your wardrobe each season or paying for make-up and dry cleaning costs. You’ll still want to keep a few good pieces on hand in case you need to meet a client in person or have a video call, but if you invest in a few classic pieces that can be updated with accessories, you can make just a couple outfits fit all your needs.


When you’re working from home, you may be entitled to claim tax deductions for some expenses that are incurred when running a home office. Examples of expenses that you may be able to claim on include your computer, workstation, utility and internet bills. The Australian Taxation Office calculator can help you work out the home expenses that you might be able to claim on.

The decision to work from home means that you could avoid the unnecessary costs associated with working full time in an office. A career as a Medical Transcriptionist is a great way to transition to working from home and allows you to choose your own hours. Studying LearnMT’s Certificate of Medical Transcription means that you could be working as a qualified Medical Transcriptionist in as little as four months.

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