What Do Moving Costs Look Like? 6 Tips To Follow
Moving, whether it be just across town or across the country, can be stressful and time consuming. Additionally, if you don’t plan accordingly, moving can be expensive. Most people who plan for a move factor in the costs for movers, transportation, and obvious costs, but oftentimes overlook other expenses. These other expenses can begin to add up and overstep your budget by potentially hundreds of dollars. Regardless of how big the move is, here is some insight on what moving costs look like and 6 tips to follow to keep them low.
- Create a budget
As with just about any decision that involves finances, we recommend starting with a budget. Understand that moving can be expensive and that even if you think you have the cost of every piece figure out, there will be extraneous factors that can hike up the final bill. When creating a budget, factor in not only the moving costs, but also some of the other things that can pop up—we’ll touch on some of those in a bit. Like spreadsheets? Excel and Google Sheets will be your friend. Old fashioned? A notebook works fine too. Factoring in your moving costs into your total monthly budget will keep stress at a low.
- Get quotes
Unless you have a crew, a truck, not a lot of furniture, or all of the above, you’re likely going to need to hire movers. Luckily, the internet is at your disposal and with a quick search, you can find a list of moving companies in the area. Don’t be afraid to shop around for multiple moving quotes before settling on the one that works best for your budget and situation.
- Cleaning and Security Deposits
Assuming that you were renting, you still have the opportunity to get back a chunk, if not all, of your security deposit. This extra cash can help alleviate some of the costs associated with moving. However, if your home is a mess—stains, dirty walls, cosmetic damage—you’re not likely to get as much back. Scrub your home from head to toe before you move out to maximize your security deposit refund!
- In state or out of state?
If you’re staying in the same state, you don’t have too much to worry about other than switching the address on your driver’s license and notifying the post office that you’ve moved. However, if you’re moving to a new state, you’ll want to re-register your car and apply for a new driver’s license. Both of which cost money.
- Figure out extra costs
Like we mentioned earlier, the cost of moving isn’t just hiring movers and paying a security deposit. It also involves some of the following:
- Gas to get from point A to point B
- Food, especially if you can’t cook
- Security deposits (for renters)
- Real estate costs (for house buyers)
- New furniture
- Get rid of the old
At the end of the day, the less you have to move, the better. Sell, donate, or dispose of all of the items you no longer need. This can include anything from clothes, to old cleaning supplies, to furniture, to gifts you just don’t use. Take moving as the perfect opportunity to start fresh!
Don’t throw away money by going into a move unprepared. Create a budget, negotiate costs, and find ways to save and we can guarantee you’ll be settled into your new space without issues! Be sure to check back to More than Finances for the latest on cryptocurrency and financial advice!