It can actually be great fun to have a home business. Not just the actions that you might take, but also making money is really nice. Particularly if it is extra money that is not already spoken for in your budget! It really makes it your money! Depending on your situation you can just have fun with the money, you can save it, or pay cash for something you want to buy!
Your home costs you a big chunk of your money every month – for rent, for utilities, for maintenance, taxes, etc. When you have a home business officially and itemize your deductions when you file your taxes, you can actually get some of that money back. When you file ‘use of your home for business’, you can deduct a percentage of the expenses to run your home.
As well there are other expenses you may deduct that other ‘self-employed’ people enjoy, even If you also have a full-time job and pay taxes there. There are a lot of ‘ifs, ands, or buts’ always to any regulations, so be sure to read the IRS website every year about self-employment to be sure you don’t miss anything you could be deducting because you have at least a part-time home business.
Aside from the serious business of making money at home, it just seems so productive to be using your ‘spare’ time to do something entirely constructive like running a business. It beats being a ‘couch potato’, which one would think would become very depressing after a while. Unhealthy on many levels actually.
It’s true we do need some relaxation time on a daily basis, but if you limit that you will have time for making money even while you are watching TV and visiting with the family. That is if you can ‘multi-task’ and work on your PC at the same time. With a little practice it should become second nature. In the beginning there are more things to learn and closer attention must be paid. However, once you have it all set up and running, then it will be easier.
You can always use a little extra money and in this day and age you actually should have a contingency plan that includes money so that you and your family can still survive no matter what happens as far as so-called ‘Mother Nature’ or etc. You never know from day to day what tomorrow will bring. It is best to be prepared in any case. You might as well have fun doing it!
