Easy Ways to Save Money Through Your Employer Now

If you’re still in the corporate world like me, you should check out all of the perks and benefits that your employer may be offering to you.

Savings through your employer could come in the form of discounted cellular plans, electronics discounts, rental cars etc.

Here are a couple of things you could be missing out on but should really check in to in order to maximize savings on things you may be already using.

Reduce Taxes with a Dependent Care
Flexible Spending Account

I’m currently saving over $1,300 on after-school care for my little one. During the Summer months, I’ll also save on Summer camp as he’ll need this service while I work.

By using a Dependent FSA, I’m saving on my overall taxes. Money used fore eligible expenses are automatically taken out of my paycheck before taxes are actually deducted.

At the end of each month, I submit a Dependent Care claim (with a receipt) for reimbursement.

If you’d rather have the money taken out of your check and paid directly to your provider, this may be an option as well and eliminates the need for filing a reimbursement claim.

A Few Eligible Expenses

Au Pair
Adult Daycare Center
Before and After School Programs
Dependent or Elder Care (to enable you to work or find work)

Check out this option during your next open enrollment period. It may be worth it based on your individual circumstances.

Save Money on Your Cell Phone Plan

I currently save almost 30% on my monthly cell phone bill through my employer.

Saving money this way is as simple as entering your work email address and validating it once you’ve entered your information.

Saving really doesn’t get any easier than this for something you’re already using!

A few of the major cell phone companies that offer employer discounts include:

AT&T
Sprint
T-Mobile
Verizon

Never Say “No” to Free Money

A company retirement match may very well be the only time you receive 100% free money for investing in your future.

If you’re not taking advantage of FREE MONEY through your company’s retirement match you’re really missing out.

A little goes a long way when companies decide to match what you contribute into your retirement plan.

Although some companies have waiting periods for when you can receive a company match, others start right away.

Either way, make sure you’re taking full advantage of FREE MONEY and the power of compounding interest!

Save Money on Car Rentals and Hotel Discounts

Many large companies have agreements with car rental companies and hotel chains alike that may offer you deeper discounts than if you used their products independently.

Before you plan your next vacation, make sure you check into the rental perks that your company offers. Every little bit counts when you’re planning a trip!

Take Your Lunch to Work

Meal prep. Meal prep. Meal prep. I’m mostly saying this to myself because I’ve spent entirely too much money recently eating at the cafe at work.

I recently checked my bank statement and I’ve been negligent to say the least in this area of my finances.

Work From Home

In this digital world we live in, it’s super cool that we don’t always have to be confined to an office or cubicle to make things happen.

If you’re lucky enough to work for a company that allows you to work remotely, I encourage you to at least consider it!

Don’t get me started on the relaxed dress code, saved gas money and all around comfort of working from home.

If this isn’t something you can do everyday for whatever reason, consider working remotely a few days out of the week.

Don’t be afraid to talk to your leader about the continued high quality work you’ll provide if given this opportunity.

Also keep an open conversation about you remaining available via email and/or company chat or phone lines as well.

This is definitely worth a conversation to save on gas, office attire and that tempting company cafe!

Carpool or Use Public Transportation

In the past I’ve had the luxury of carpooling to work with my sister and we were both able to save on gas and reduce miles driven on our cars.

If you can wing it, consider carpooling, public transportation, walking or riding a bike to work when weather permits.

It’s a great way to save money and in some cases get a light workout.

Connect

Reduce Taxes with a Dependent Care Flexible Spending Account