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July 10, 2024

Moving Homes: 8 Budgeting Steps for a Smooth Transition

Moving to a new home is exciting, but it can also be overwhelming, especially when it comes to managing your finances. From hiring movers to buying supplies and budgeting for unexpected expenses, having a budget is key to ensuring a smooth transition. But how can you budget for all the different costs involved? It all starts with a solid plan. Let's get started!

Calculate Your Moving Budget: First things first…before diving into specific expenses, you need to determine your overall moving budget. Start by considering factors like the distance of your move, the size of your current home (how much stuff you are moving), and the time of year (moving company rates are often higher during the summer when there is greater demand). Creating a realistic budget, which is your roadmap for the moving expenses, is crucial to feeling prepared and in control of your move.

Hire Movers: You may sometimes be lucky enough to bypass this expense. But for those of us who have a lot of bulky items or are simply moving too far a distance, movers are essential. Research reputable moving companies properly, read reviews, and obtain quotes. Compare quotes and choose a mover that aligns with your needs and budget. Don’t forget to factor in additional costs such as packing services, insurance, tipping, and any potential heavy or bulky items fees. 

Supplies and Packing Materials: If you go with a pro moving company, they can help you figure out what supplies you need and even drop them off while packing. And if you want to take it easy, most companies will even handle the packing themselves and bring all the supplies for an added fee. However, if you pack yourself, list all your supplies, including boxes, tape, bubble wrap, and packing paper. Don’t be shy about asking friends and family for supplies, too! At one point or another, we’ve all moved and often have odds and ends lying around. Their support can make you feel more connected and less stressed during the move. 

Utilities and Services: It's crucial to keep track of your moving dates and ensure that you coordinate the transfer or setup of utilities at both your new and old residences. Doing so will help you avoid paying for overlapping services or services you no longer require. Remember to update your address with relevant service providers to prevent mail forwarding charges. This step will make you feel more organized and in control of your move.

Meals and Snacks: Moving involves additional hidden costs that many often forget to budget for. Once you've packed up all your kitchen supplies, it may be tempting to order takeout. However, eating out during the chaos of moving can become expensive. To save money and stay fueled and focused during and after the move, consider preparing easy-to-pack snacks and cooking simple meals in advance. Also, make sure to unpack your kitchen supplies as soon as possible to get back into a cooking routine.

Temporary Storage: Sometimes, dates don’t align perfectly, and there may be a gap between moving out and moving into your new home. In this case, you’ll need to factor in the cost of temporary storage. Compare prices and find a secure facility that fits your needs. Some moving companies also offer storage solutions, so ask about bundled services.

Cleaning Expenses: It's important to ensure you have cleaning supplies or arrange for professional cleaners to tidy up your old and new homes. This will help you start fresh and avoid potential charges from landlords or new homeowners due to inadequate cleanliness.

Miscellaneous: At this point, it’s common knowledge always to expect the unexpected. If you have pets, you may need to consider pet boarding so they don’t interfere or become stressed with the move. Set aside a portion of your budget for these unexpected expenses. Moving, like many other things in life, often comes with surprises—having a contingency fund can ease the financial strain of unforeseen challenges. 

Moving doesn't have to be expensive if you plan and budget carefully. Consider all potential expenses to navigate the process smoothly and focus on the excitement of settling into your new home. Use the steps above as a reference to create a comprehensive moving budget tailored to your specific needs, making your transition as seamless and stress-free as possible. Happy moving!

Kelly & Megan
Questions?Ask Kelly