Making Money Off Company Time
October 16, 2009 10 Comments
So last week I was in Chicago for a training conference, learning how to work the $150K instrument my boss bought for me earlier this year.
When I’ve gone on a trip like this before, I’ve gotten reimbursed based on the receipts that I turned in as long as they were under the per diem rate. So if I spent $140 on food, then I got $140 back.
However, at my new University my per diem is just GIVEN to me – no matter how much I spent. So I get $61/day FLAT – no matter how much I spend. So for the 5 days at the conference I get reimbursed 5x$61 – or $305. However, I had to fess up on my form that my lunches were provided, so I will definitely get less than $61/day – probably around $35-45/day.
So let’s “lowball” it at say 5x$35, of $175. Then I get one dinner covered on Sunday night and breakfast on Saturday coming back. I’m guessing I’ll end up getting about $200 food reimbursement.
Oh, by the way, I only spent $125 on food while I was there. So I’ll make at least $50-75 on food reimbursement.
I also get reimbursed 55cents per mile that I drove – and the trip was 490 miles round trip. That’s $269.50 reimbursement for travel. Oh yes, I only spent $43 on gas. So I’ll make around $226 on gas remibursement.
I’ll also get reimbursed for the hotel, but that will be for the exact amount.
My costs: My reimbursement:
Hotel – $460 $460
Food – $125 ~$200
Gas- $43 $269
Total – $768 $929
Money Made: ~$161
That’s right, I’ll end up making $161 out of this trip when I take the money I’ll get reimbursed and subtract it from the expenses I incurred.
I haven’t decided what I’ll do with the extra money. I’m thinking I’ll put it in the emergency fund or onto the credit card debt. But making some extra cash for doing my job is a pretty nice perk I think. =)
**Also, I just cashed in for $10 at Toluna.com doing surveys. I’m excited – this makes $16.40 that I’ve made from doing surveys in my spare time while watching TV. =D