Your job could be costing you up to £2,460 a year
A new study from independent job site CV-Library has revealed that the average Brit spends £205 a month on workrelated expenses, including lunch,commutingandstationary. That’s equivalent to £2,460 a year.
The survey of 1,000 workers sought to discover just how much the average professional spends on work-related expenses each year.
The data also found that some cities are more expensive to work in than others. In fact, the most expensive cities to work in include:
London – £425 a month (equivalent to £5,100 a year)
Bristol – £360 a month (equivalent to £4,320 a year)
Brighton – £350 a month (equivalent to £4,200 a year)
Leeds – £294 a month (equivalent to £3,528 a year)
Liverpool – £270 a month (equivalent to £3,240 a year)
Edinburgh – £254 a month (equivalent to £3,048 a year)
Birmingham – £210 a month (equivalent to £2,520 a year)
Manchester – £170 a month (equivalent to £2,040 a year)
“While we expect to invest a portion of our wages back into our everyday life, it’s concerning to learn just how much professionalsacrossthenation are losing on work-related expenses,” says Lee Biggins, managing director of CV-Library. “After all, we go to work to earn money – not spend it.
“That said, it’s good to see the majority are factoring these outgoings into their monthly budget, and it’s important to take these expenses into consideration when you’re looking for a job. That way, you can choose the location, salary and role most financially beneficial to you.”
Interestingly, 70.5 per cent ofworkersbelievethatemployers should pay for some, if not all, work-related costs.
Biggins concludes: “It’s understandable that professionals want their employers to cover some of these costs – though if they’re offering a competitive enough salary, this should cover a number of these expenses any way.
“Some costs such as travel canbeunavoidable,butprofessionals must also be frugal to ensure that they’re not needlessly spending their wages.
“If your current role is costing you a large chunk of your wages, it could be time to look for a better opportunity offering more pay, money-saving schemes or one that is located closer to home.”