Finance
Savings from Remote Work
Estimate monthly value of remote work: commute spending wey you save plus time wey you recover, minus extra home costs.
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Result dey update as you type; no Calculate button dey. All calculation dey run inside your browser.
Monthly value of working from home
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How the result break down
| Di item | Value wey e get |
|---|
Cash saving na commute spending wey you save minus extra home costs. Time value na hours wey you recover times hourly value. The total dey combine both.
Quick look at the result
Bars dey compare the cash part with the time part. If cash saving negative, we show the cash bar at zero — the table dey show the true figure.
Value for different numbers of work-from-home days
| Case wey you wan compare | Value wey e get |
|---|
Every row dey reuse your daily commute figures and hourly value; na only remote days dey change. Home costs na fixed monthly amount, so few remote days dey look worse per day.
Formula
Monthly value = remote days × (daily commute spending + commute minutes ÷ 60 × hourly value) − extra home costs. Cash saving = remote days × daily commute spending − extra home costs.
Example wey show the calculation
Commute $45 per day, 90 minutes per day, hourly value $80, 12 remote days, extra home costs $300. Per day: $45 + 90 ÷ 60 × $80 = $45 + $120 = $165. Gross = 12 × $165 = $1,980. Total = $1,980 − $300 = $1,680 per month. For cash-only (hourly value zero): 12 × $45 − $300 = $240 per month. Time wey you recover = 12 × 1.5 = 18 hours.
Where e fit work and limits
Set hourly value to zero if you want compare cash alone. Time wey you recover no automatically turn to money wey you fit spend. If housework or rest take the time, pricing am at full hourly cost go overstate the benefit. Extra home costs na one monthly figure — put all extra heating, electricity, equipment and food costs inside, or cash saving go too high. Remove any employer subsidy from commute spending. The model no cover career, collaboration or wellbeing effects, whether good or bad.
Questions wey people dey ask often
How una calculate am?
Each remote day worth daily commute spending plus commute minutes divided by 60 times hourly value. Multiply am by remote days, then subtract extra monthly home costs.
Time value na actual money?
Na only if the time wey you recover dey earn or save money. For cash-only view, set hourly value to zero — the worked example's cash-only figure na $240, no be $1,680.
Wetin count as extra home costs?
Na extra heating, electricity, internet, equipment and food costs wey working from home cause for the month. If you for pay most of the cost anyway, no count that part.
Why few work-from-home days look bad?
Because home costs na fixed monthly costs, while savings dey increase with days. One remote day for one month hardly fit cover a full month's extra home costs with cash saving alone.
I suppose count going and coming for transport?
Yes: minutes and spending suppose cover the full trip go and come back for the day, no be one leg. If you halve either input, you go halve the daily value.
This one include wellbeing or effect on career?
No. Less commuting fit improve wellbeing and focus, while less office presence fit affect visibility and collaboration. Those na real but outside this money-and-time model.
Other tools wey relate to dis
- Cost to return to office work — mirror image: wetin office days cost in transport, food, and time
- Calculator for fuel cost — fuel part of driving to work, from distance and fuel use
- Calculator for electricity cost — electricity part of extra home costs
Results na estimates; dem no replace advice from qualified professional.