As England rolls out of phase two of the lockdown roadmap, part of the country has been working from home for over a year now. We published results on what consumers could have saved over 12 months while locked out, assuming they were working from home.
According to a recent YouGov survey this shows that around 32% of brits were successful in increasing their savings during the pandemic, we calculated how much the average person could have saved.
With the offices closed, the ride to the guest room or the kitchen table is free, the morning latte can be made at home instead of being purchased, and the same for lunch. No after-work drinks, no meals out, and no need to fork out for fancy party clothes. Our research also showed that 42% of consumers said they don’t plan to travel in 2021, which is an immediate savings as well.
The average person could have saved up to £ 19,372, according to our estimates.
The costs include (on average per person):
- Average cost of the trip per year £ 1,738
- Cost of a cup of coffee per day per year – £ 7201
- Cost of daily lunch at work per year – £ 1,2002
- Annual cost of gym membership – £ 480
- Annual cost of child care expenses – £ 9,594
- Mobile phone data per year – £ 60
- Average annual cost of restaurant meals – £ 1,0403
- Average annual exit costs – £ 840
- Average cost of spending on clothing – £ 1,200
- Average annual cost of vacation – £ 2,500
While some people have been working from home for over a year now, and others are now doing it indefinitely, we wanted to see what could be saved. We calculated that this averaged £ 19,372. Little things like commuting, buying a cup of coffee every day, and going out for a drink over the course of a year can add up to a surprising amount.
Obviously, not everyone will have been able to work from home or take advantage of all of these savings, but it just shows how the costs can soon add up. For those looking to save money, even making a small change to their daily routine, such a home-cooked lunch, rather than buying it, can soon save £ 1,200 over a year.
Another point to note is that these numbers also don’t take into account where people may have had to pay more – for example, additional utility bills, additional food bills, and even the exchange of coins. work clothes costs for salon clothes costs for overtime. at home.
1 £ 3 x 5 days x 48 weeks
2 £ 5 x 5 days x 48 weeks
3 £ 10 per meal x twice a week x 52