Moving is always an expensive endeavor, but no matter how much you save, it always seems that the cost of moving exceeds what you’ve planned for. In the end, it is the little things that make up the hidden costs of moving, and push you past your budgeted amount. If you have an upcoming move, here are the things you should consider so that you can stay within your budget.
- Take inventory of your belongings and determine early on if you will need movers. Depending on your mover, some of the other costs may be included in the overall price. Some may also provide packing supplies and other items in their fees, but be sure to compare quotes among several moving companies to find the best deal.
- Determine what date you will move out and what your earliest move in date is so you can determine if you will require a storage unit. Even if it is only for a couple of days, you have to think about the size of the unit you will need and for how long. Most of the time you will have to pay for a full month, so make sure to ask when you call to reserve your unit.
- Find out what the initial cost will be for your new place. Whether you are renting or buying your new home, you need to know what kind of deposit or down payment you require well ahead of time. It is best to plan for at least 20% of the cost of your home or apartment.
- Plan for deposits, activation fees, and new equipment for your regular bills. Utilities generally have deposits and other costs, and cable and Internet service providers tend to have start up fees and new equipment costs that you need to be aware of before you agree to the new service.
- Make a list of items you will need to purchase for your new place, including everything from furniture and window coverings to cleaning supplies and more. Many of us forget to budget for these costs when moving.
- Think about how taking time off for your move will impact your personal finances. This is a cost that most people don’t consider, but it can be the biggest drain of any budget.