House Move And Finances: How Do You Manage Them?

Leah Powell

House moves can easily be one of the best things that can happen in your life. After all, this is a way for you and your family to start fresh and open a new chapter in your lives. Regardless of the reason for your move – be it to buy your dream home, get a new environment, switching jobs and schools – it’s still awesome being in a new neighborhood and establishing a new start for your family. Unfortunately, house moves aren’t just “getting your new keys and transporting all your belongings.” If you’re worried how a house move can affect your finances, you might panic as to how you can efficiently manage your finances when conducting a move.

Thankfully, we have some fresh tips you can use to make sure you don’t sacrifice your finances when conducting a move for your and the family.

Here are some tips:

Plan your moving expenses and adjust from there.

Instead of worrying about your savings immediately, try to plan for your move as though you don’t have anything to worry about. It’s best to list the ideal circumstances of your move first and then adjust from there. If you had the money, just what would you want to do with your move? From there, you’ll likely end up with the list that you can “tone down” and adjust according to your needs. For instance, instead of hiring all sorts of professionals, you can instead hire cross country movers and focus on making sure your things are moved to your new location while you handle the rest of the interior design and unpacking yourself.

Allot a budget to your move and stick to that budget.

Regardless of how tempting overspending might be for your move, try to stick to a particular budget in order to make sure you don’t burn through your savings. This might be difficult in itself, but this is also a good training on your end as to how you can adjust a particular budget to fit particular needs in terms of your moving requirements.

Consider having a garage sale.

If you have an existing inventory or if you’re planning on making an inventory, you should also consider things you plan on selling and throwing away. Before making your house move, try to sell things you no longer want, so you have some way of recuperating some losses you’ve spent on your moving budget.

Adjust your packing materials according to costs.

Ideally, we want our moving and packing materials to be new and sturdy, right? However, we might soon realize that buying a ton of boxes for a one-time thing might not be worth the while. As such, instead of buying a ton of boxes and packaging tape, we might want to instead consider buying materials we’ll be using for a long time… or reusing things we have at home. For instance, before buying packing materials, consider consolidating all existing boxes you have from your other furniture and see if you can fit other things there. Likewise, you should also consider buying plastic containers that are reusable in order to store them in your new home afterwards and use them in the future if needed.

Hire professionals to save time and add manpower.

One of the worst things that can happen during an expensive move is to waste more time during the move, especially if you’re doing things by yourself. Spending a lot of days off just packing and transporting your things can be costly for your job and your personal life, and it’s a risk you shouldn’t take. Instead, you can hire a moving company Manhattan in order to get that manpower you need and the equipment necessary to transport your things safely. This might seem counter-intuitive since you’re being asked to spend a bit for movers, but their expertise will at least be a worthwhile investment, compared to risking damaging your things just to save money during the move.

Moving And Finances: Management Works!

With the above tips in mind, it’s important to remember that managing your finances is still possible with your move. And you might be surprised to learn that things you do everyday can be tweaked to accommodate your move and not blow up your budget to the extreme. Hopefully, you’ll be able to manage your move properly without bursting your wallet and without denting too much of a hole in your savings plan. Good luck and happy moving!

About Retire Early Lifestyle

Billy and Akaisha Kaderli retired three decades ago at the age of 38 and began traveling the world. As recognized retirement experts and internationally published authors on topics of finance and world travel, they have been interviewed about retirement issues by The Wall Street Journal, Kiplinger's Personal Finance Magazine, The Motley Fool Rule Your Retirement newsletter, nationally syndicated radio talk shows and countless newspapers and TV shows nationally and worldwide. They wrote the popular books The Adventurer's Guide to Early Retirement (Your Simple Path to FIRE) and Your Retirement Dream IS Possible.
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