Londoners could save up to £14,000 commuting cost if we keep working from home

Londoners could save up to £14,000 commuting cost if we keep working from home

08/14/2020

For many of us, working from home in lockdown has been a welcome departure.

While some have struggled with rubbish internet connection, the stresses of living with housemates, or juggling childcare with work, others have thrived in the comfort of their own home.

And one benefit of working outside the traditional office has been saying farewell to the commute, saving us both time and money.

If we were to continue on like this, Londoners could save £14,309 over the course of their career, says a new report from Totaljobs, which also found that 27% of citydwellers have been able to pay back debt or their mortgages using the money they’ve saved just by missing their usual commute.

A whopping 67% have also been able to add to their savings pots, which is an amazing albeit sad illustration of city life.

This was all worked out by our average work travel costs, which were £124 a month on average in 2015, and will average at £103 in 2020.

It might seem like a paltry £21 a month, but really adds up when you consider a 47-year-career.

It’s not just money we’re saving either. According to the research we could win back four months of our lives just sitting (or standing) on the tube. Grim.

Despite all this, only a third of Londoner ‘do not miss their commute at all’ compared to 52% of people nationwide.

The top reasons for missing the commute include listening to music and podcasts, reading books, catching up with news, and relaxing before and after work.

Not sure if anyone’s told you lot, but you can still do all that without being forced into a stranger’s armpit on a packed train.

Totaljobs commented on their findings: ‘With the future of work still to be defined, Londoners have started to shape what their future may look like.

‘Not all workers will abandon their daily commutes, but exodus from the capital city is accelerating, and millennials are aiming for a better quality of life, further away from the busy city centre.’

If it takes a pandemic to get us that work/life balance we so crave, then perhaps that’s one small silver lining.

Do you have a story you’d like to share?

Get in touch at [email protected]

Source: Read Full Article