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Evaluate Your Office Return Costs!
Calculate the costs of returning to the office. Compare expenses, identify savings, and use insights to negotiate your salary for optimal work-life balance!
- Scenario 1: Complete Office Return
- Scenario 2: Hybrid Work
- Scenario 3: Fully Remote Work
In the chart, compare the total costs of Fully Remote Work, Hybrid Work, and Complete Office Return. Focus on dollar amounts to quantify the additional costs of each option and identify which arrangement is the most financially beneficial!
Try your numbers:
Specify the percentage of time you plan to work in the office versus at home. This will help estimate costs based on your hybrid or full-time office attendance.
Enter the total cost you incur each day to commute to the office. This includes fuel, public transport fares, or any other transport-related expenses you may have (such as parking).
Provide the extra cost of meals when working in the office. Consider lunches or snacks you typically buy while on-site that wouldn't be necessary if working from home.
Estimate the amount you save on utilities each day by not being at home. This can include savings on electricity, heating, or other utility costs while working in the office.
Indicate the monetary value of your time spent commuting to the office one way. This can be based on your hourly wage or a personal assessment of how much you value your time.
Are you sure you want to delete ": "?
- AmountAny single amount ($).
- Cash FlowRent, insurance premium, salary, ...
- Current AssetReal estate, commodity, bonds, ...
- Installment LoanMortgage, car loan, ...
- PercentageAny percentage value (%).
- Years / MonthsAny time horizon.
- AgeShow "Age" instead of "# Years from Now."
- Retirement Age (requires Age)Enable "Investment Return After Retirement."
Time Value Assumptions
Scroll up to view updated chart.
How is Cash Value calculated?
This scenario assumes you work 20 days in a month. The total cost includes daily commute expenses multiplied by 20, additional meal costs for those days. Utility savings from being away from home are deducted from this calculation.
Decisions / Expectations
(Expressions are evaluated at Year 0 only.)
Calculations
(Expressions are evaluated at every year.)
Are you sure you want to delete ": "?
- Buy AssetBuy an asset growing at its own rate.
- Take Installment LoanTake a mortgage, loan, etc.
- InvestReceive/Spend a lump sum.
- Expect to InvestExpect to receive/spend a lump sum.
- Expect Monthly Cash FlowExpect to receive/spend cash monthly.
- Expect Yearly Cash FlowExpect to receive/spend cash yearly.
- Define Variable (Numerical)Calculate an intermediate value.