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Reworking your work-from-home budget

Hundreds of companies are quickly embracing a work-from-home culture that began during the coronavirus. Eighty-two percent of U.S. office employees, about 75 million people, say they’re willing to trade their corporate cubicles for comfy couches, according to Global Workplace Analytics, a firm that studies workplace trends.

As that happens, many Americans are discovering the real costs of working from home. While some obvious costs may be cut, any change in lifestyle can come with hidden expenses that can add up if you aren’t prepared. (A survey found that the average U.S. household is spending about $108 more a month as a result of working from home.)

Here are five key areas where you might see some savings and surprise splurges. So be sure to think through your budget—whether it’s what you are doing with newfound money or how you’re keeping track of your spending.

The kitchen

The garage

The playroom

The wardrobe

The home office

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Bank of America and its affiliates do not provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.