Being a teacher is incredibly rewarding, but it costs when it comes to supplies and in-class needs. School systems watch their dollars and cents closely, and so teachers get left needing to cut corners to provide the same amount of efficiency.
Supplies, software, and taxes don’t have to amount to as much when you know how to cut costs. Get smart and learn how to avoid full price and empty wallets.
Here are supplies, software, and tax tips for teachers…
Saving can be as simple as keeping track of expenses and out of pocket buys for your classroom and students. Speak to other teachers, your principal, or financial planner about tracking costs and filing for reimbursements at the end of the quarter or year.
Consider Claiming a Home Office
If you qualify, you can claim a portion of your home as an office. Those who tutor after school, at night, and on weekends may qualify as a ‘business’ owner, saving on taxes. It may even create a greater incentive to spend more time making a supplemental income!
Expenses are not books and supplies alone. If you coach or manage a school-affiliated team and use your own vehicle, you can get compensated for gas and vehicle maintenance. It’s small savings if you live in the same town as the school, but if you live over twenty miles and go to and from multiple times per day, the mileage and stress on your car adds up.