{"id":34051,"date":"2018-07-29T13:54:33","date_gmt":"2018-07-29T17:54:33","guid":{"rendered":"https:\/\/sciencebusiness.technewslit.com\/?p=34051"},"modified":"2018-07-29T13:54:33","modified_gmt":"2018-07-29T17:54:33","slug":"how-much-is-your-job-costing-you","status":"publish","type":"post","link":"https:\/\/technewslit.com\/sciencebusiness\/?p=34051","title":{"rendered":"How Much Is Your Job Costing You?"},"content":{"rendered":"

– Contributed content –<\/em><\/p>\n

\"Behind<\/a>
(Jeshoots, Pexels.com)<\/figcaption><\/figure>\n

29 July 2018.\u00a0 Here\u2019s something that you may not have thought of before: how much is your job costing you? We\u2019re used to thinking of the amount of money that a job brings in, but there are always expenses attached to having a job. We all need clothes to wear, after all! In most cases, these expenses are incidental, and don\u2019t affect your finances all that much. But in some cases, the opposite is true: your job could be hurting your finances, and not in a small way, either. Below, we take a look at the ways in which employment can cost you money. If you\u2019re affected by four or more ways, it might be time to begin looking for new work.<\/p>\n

Overly loyal<\/b><\/p>\n

Corporations aren\u2019t all that loyal to their workers, so should you be loyal to your employer? Not always. Research has shown that people who switch jobs end up earning more money than those who stay with just one employer. Of course, sometimes you like your company, they\u2019ve been good to you, and so on – but there\u2019ll come the point whether they\u2019re really worth taking a several thousand dollar pay cut just to work there. Look for another company, and you should be able to negotiate a higher wage,<\/p>\n

The commute<\/b><\/p>\n

Unless you\u2019re working from home, you\u2019re going to have some sort of commute. In an ideal world, that would mean a gentle five-minute stroll from your home to the office. But of course, this isn\u2019t an ideal world. If you\u2019re like most people, you\u2019ll have a long drive to and from work. It\u2019s worth counting up exactly how many miles you\u2019re putting in during your commute each week…and then checking what that\u2019s equal to in gas. If your gas isn\u2019t paid for by your company (and most isn\u2019t), then a big percentage of your income could be spent on the commute…which you hate anyway!<\/p>\n

Long hours <\/b><\/p>\n

We\u2019re working longer hours than ever before, and our wages haven\u2019t been bumped up to reflect the longer hours, either. But OK, that\u2019s something we\u2019ve just had to get used to. There\u2019s a knock-on effect for those long hours, though. We\u2019re all pretty tired, and by the time we get home, all we want to do is slump in front of the television and then hit the hay. As such, few of us make an effort to prepare a lunch for the following day, which means we have to \u201cgrab and go.\u201d Needless to say, this is the much more expensive option! Just times five dollars by the number of days you work each year…and you\u2019ll see that you\u2019re spending more than you\u2019d like on fuel to keep you working hard throughout the day.<\/p>\n

Unsafe conditions<\/b><\/p>\n

We all want to think that our employers are working with our best intentions in mind, but this, sadly, is not always the case. Sometimes, our employers can cut corners that put us in harm\u2019s way. Of course, if we\u2019re seriously injured while at work, then that\u2019s going to cause us financial troubles, be it through hospital bills or time away from work. Fortunately, the law may be on your side to help you claim money for your injuries. Work with workers compensation law firms<\/a>, and see if you have a case. You might not have had a say in the injury, but you can have a say in how it affects your finances.<\/p>\n

\"Man<\/a>
(Anders Kristensen, Pexels.com)<\/figcaption><\/figure>\n

Stressful work <\/b><\/p>\n

Our work affects our health in ways that are less direct than conventional injuries, too. If our work is overly stressful, then we\u2019re putting ourselves at risk of many medical conditions<\/a>, including heart problems, obesity, and diabetes. Any one of these issues could cause you significant cash in the form of doctor visits, but more importantly, you\u2019ll be taking your life in your hands – and there\u2019s no amount of money that that\u2019s worth.<\/p>\n

Looking the part<\/b><\/p>\n

In some positions, it\u2019s not what you know; it\u2019s who you know. And in some positions, it\u2019s not who you know, but how you look. Let\u2019s be real here: it\u2019s impossible to have a high-flying job, or any job where appearances matter in any way, while wearing battered old clothes. And as we all know, top-quality suits are not that cheap. What are you paying just to keep up appearances?<\/p>\n

Time to get away<\/b><\/p>\n

There\u2019s a good piece of advice that\u2019s probably too idealistic to put into practice: have a life that you don\u2019t need to escape. Or in other words, you\u2019ll have such a satisfying life that there\u2019ll be no reason to go on vacation. If you\u2019re being pushed to the limit at your work, then it won\u2019t be long before you need to take some time to get away and rest on a beach somewhere. Travelling should be something you do because you enjoy it, not because you need to do it to restore the energy you\u2019ve lost just by doing your job.<\/p>\n

Childcare expenses<\/b><\/p>\n

Everyone knows that having a child is expensive<\/a>. And when they arrive, you suddenly find yourself working even harder, so you can get a better paying job to give them the future you dream for them. You may even take extra shifts, just to give your wage a boost. However, there\u2019s a flip side to this: every time you or your partner are unable to take care of your children throughout the day, they need to be in childcare. Might they be better served by one of you cutting down your hours, and looking after the children?<\/p>\n

No time for own venture<\/b><\/p>\n

You can be an employer, or you can be an employee. Once they\u2019re in the \u2018employee\u2019 bracket, it can be difficult to make the switch to an employer. You might have a terrific idea for your business<\/a>, but because your job is pushing you to the limit, you don’t have any time to get things started! And in the long run, that\u2019ll limit how much money you could earn, especially if it was a good idea.<\/p>\n

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Your job could be hurting your finances, and not in a small way.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[132,74],"class_list":["post-34051","post","type-post","status-publish","format-standard","hentry","category-business","tag-contributed","tag-entrepreneurs"],"_links":{"self":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/34051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34051"}],"version-history":[{"count":1,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/34051\/revisions"}],"predecessor-version":[{"id":34054,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/34051\/revisions\/34054"}],"wp:attachment":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}