Are you back in the office? Get ready to add these 3 expenses back to your budget

Employees return to work as concerns about COVID-19 fall, but there will be new costs to add to their budgets. (iStock)

Americans can expect to pay more for goods and services amid rising inflation, but as COVID-19 cases decline across the country, there may be more costs to consider as employees return to office.

Inflation hit another 40-year high in February, with the Consumer Price Index (CPI) rising 7.9% last year, according to the Bureau of Labor Statistics. It recorded the highest annual rate of inflation since January 1982 and also surpassed the records set in the previous two months.

As inflation rises, millions of Americans are returning to their jobs, many for the first time since the pandemic began in March 2020. In fact, the number of people working from home in early 2022 has dropped to a new low pandemic of 14 , 4%, according to a MarketWatch post. The report added that at the beginning of the pandemic, about 35% of workers – 50 million – worked from home.

Those returning to the office now will have some expenses to adjust their budgets, which they did not have in the previous two years. Keep reading to find out what these are and if you want to save money on monthly expenses as inflation rises, consider refinancing your mortgage at a lower interest rate. Visit Credible to find the personalized interest rate without affecting your credit score.


Although many companies maintain a hybrid workplace model that allows employees to combine distance work and office work throughout the week, switching from work to home alone could lead to additional costs for many. As COVID-19 spreads across the country, there are three economic factors that professionals may want to consider when setting up budgets for next year as they return to their offices.

  1. Moving to work
  2. Child care costs
  3. Going out to eat

1. Movement

Driving in the office will once again have an impact on employees’ wallets due to rising gas prices. The current national average price per gallon of gasoline is over $ 4, according to data from AAA, which is significantly higher than a year ago, a year after the COVID-19 pandemic (just under $ 3 per gallon).

Rising gas prices have been the driving force behind rising inflation from January to February this year, according to the CPI, which accounts for a third of monthly inflation. Recent moves by the Biden administration to ban US oil imports from the United States could also push up gas prices even higher.

Consumers who want to save money while paying more at the pump could consider taking out a personal loan at a lower interest rate. Visit Credible to find the personalized interest rate without affecting your credit score.


2. Childcare expenses

Working adults with children may soon have to start paying again for childcare as they move away from home. In 2021, Americans who paid for childcare received higher tax benefits than ever before extended child tax credit increased from 30% to 50% of the amount paid by families, up to $ 8,000 per child or $ 16,000 per family for eligible individuals.

However, the increase was a temporary element of President Biden’s American Rescue Plan and will not apply to paid child care this year. Because of this, families need to start preparing to pay for childcare services such as day care centers or caregivers as they return to work.

3. You go out to eat

Finally, employees may start eating more often in restaurants than before due to their return to the office. Eating out could also cost more than before the pandemic, due to inflation and supply shortages, as well as labor shortages in labor markets.

The cost of food and labor is is expected to remain high in 2022, and vice versa, food prices could soar by 20% by the summer, according to John Katsimatidis, managing director of the New York supermarket chain.

Another way consumers could save money each month is by refinancing private student loans. Contact Credible to talk to a student loan specialist and get answers to all your questions.

Do you have a question about finances, but do not know who to ask? Email Credible Money Expert at and your question can be answered by Credible in the Money Expert column.

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