Be prepared with a planned out moving budget
Creating Your Moving Budget
Having a moving budget prepared and in place will create efficiency and clarity when having to take care of the costs associated with the moving process.
xUsing software programs like Word or Excel can be a remarkably simple way to create a moving budget template and digitize your moving budget. You can create moving costs templates that allow easy edits. If multiple people are involved in the budgeting process it can provide access for the additional users to view from different locations and be accessible from mobile devices.
If you are old school and prefer the smell and feel of paper, you can easily obtain a bookkeeper’s journal or other notebook and create your own accounting system. Make sure to have a good calculator.
Moving to a new home, whether locally or across the country can be exciting. Figure out how much you can allocate for your move and begin thorough research into creating your moving budget template.
Setting up a moving budget should be one of the first things you do. Maybe you are relocating for a job and the company is paying, however, some additional expenses you had not expected and budgeted for, may surprise you.
Using Professional Moving Services
If you are considering hiring a professional movers, certain moving expenses will need to be factored into your budget:
Moving Yourself / DIY
Moving costs to consider when moving yourself
Moving Your Car Locally Or Cross Country
If you will be relocating your car, you need to include the cost to move it, which may be one of the following:
If you will be driving it yourself, you will need to include:
Journey to Your New Destination
In addition to having your personal belonging packed up and ready to go, whether you hire professional movers or move yourself, you will need to budget for the following:
Many companies offering packing materials and supplies, like U-Haul sell items such as moving boxes individually and in kits. You can check out U-Haul’s website for costs. They will also buy back any unused boxes.
Items you will need for packing include:
You will also want to make sure your larger furniture items are protected throughout the moving process. If you are hiring a moving company, they will usually provide packing materials such as blankets and padding. If you are moving yourself, you will want to make sure you have adequate protection and padding for your furniture, as well as enough packing tape to complete the job. Moving blankets and padding can easily be purchased online.
Arriving at Your New Destination
Once you arrive at your new home or short-term rental, it may be a few days before your belongings arrive. You will need to allocate in your moving budget template for a few essentials to get you through these first few days. If you have decided to start afresh and purchase new furnishings, budget accordingly for these items and any delivery and set up fees.
Your cabinets will be empty and will need to be filled with fresh food and cleaning supplies. Often, it is an opportunity to start afresh on many levels, including purchasing new cooking supplies, fresh spices and any products you use regularly.
If you are moving to a new state, you will need to consider costs for:
Once you have everything entered and totaled on your moving budget, add a contingency amount, in the event of an emergency, cancellation or any unexpected set up fees, such as utilities.
A move, particularly a long-distance moving day, can rank right up there as one of the highest stress events you are likely to encounter. Even with the task of putting together a moving budget in place, there are likely to be some bumps in the road. The idea is to make sure that your moving costs do not include your peace of mind. Here are a few ways you can maximize your moving budget.
Moving day means hiring movers, but ahead of that, try to do as much of the work as you can on your own. When you are young and single, or even a newlywed it is not like you have a lot of possessions to relocate, and this can often be a breeze. Over time, however, the increase in the size of family means a correspondingly higher moving budget. You need to determine at what point you bring in the professionals to take over the job.
There is always the chance that not everything you take with you is ultimately going to wind up in your new home. Sometimes it is due to space, other times, it just does not jibe with the décor you may be going for. Either way, you may find yourself in need of a temporary or long-term storage unit. This will be a monthly expense that you need to consider when you create a moving budget. Ideally, the storage unit will be cleared out after a few months and no longer a factor.
When it comes to considering all moving costs involved, buying or renting a new home have significant start up fees associated with them, including security deposits, rent payments for a month or two (or three), as well as miscellaneous items like pet deposits and other fees. Buying presents even more of a financial burden, since closing costs can often run into the thousands of dollars. Always remember that the final moving budget goes a bit further than just the cost of the transportation on.
We mentioned décor earlier. What looked good in one home may look completely out of place in another. When you create a moving budget you need to include the possibility of having to replace various items of furniture or appliances.
And lastly, remember that there are always the unexpected expenses. A new home or apartment will invariably need something that you, despite you best efforts and planning, managed to forget. Items will also be lost or damaged. Always keep these things in mind when you create a moving budget template.
It may take a little work, but you can turn the stress of a new move into one of the most rewarding experiences to be had.