How To Budget Your Move

Moving isn't cheap, but it doesn't have to break the bank either. Here are some tips on how to budget your move so that you only spend what is necessary for your relocation.

Step 1

Decide who will do the work. Traditionally, families would convince a friend to lend a hand with his pickup truck on moving day, and they'd pack up their few belongings and journey to their new home. However, people these days tend to have a lot more possessions, and fewer friends with pickup trucks. This is why moving companies are quite a popular choice when moving. You will need to decide if you can afford a few thousand dollars to have someone else pack up your belongings and transport them for you. This will save you lots of stress and heavy lifting, but it will cost a bit more than your friend and his truck. Decide which option best fits your budget, and then call around for quotes.

Step 2

Consider extra insurance. Assuming that you opt for the more common approach of hiring a moving company to move your possessions for you, you will also need to consider whether you want to purchase additional moving insurance at this time. Most companies will provide limited insurance to moving families, but this is rarely enough to cover the value of all of the items moved. Generally, the insurance is based on a rate-per-pound price, which varies by moving company. Look into this if you want to insure your possessions as they're being transported.

Step 3

Make allowances for repairs. Moving isn't just about throwing things in boxes. You've also got to consider that you're leaving behind an empty home. Likely, you'll need to make a few general repairs to the home that you're leaving before you can hand over the keys. You'll probably also want to leave the house relatively clean for the new owners. If you can do this work yourself, then it won't affect your budget. But larger repairs and more intensive cleaning bills need to be accounted for in your moving budget.

Step 4

Don't forget the cost of moving supplies. Few people factor the cost of moving supplies into their moving budgets. But these things also add up. You will need several rolls of packing tape, as well as a taping gun if you don't already have one. You'll need bubble wrap or some other sort of cushioned material to wrap your valuables in. And you'll likely need specialized boxes in which to transport your pictures and mirrors. As well, if you haven't got access to a pile of used boxes, then you'll need to buy moving boxes as well and these can be quite costly. Budget several hundred dollars for miscellaneous moving supplies, at the least.

Step 5

Factor in the little things. You can never account for everything in your moving budget. But you can make exceptions for the little things. You'll likely need several coffees the morning of the move, and maybe even some donuts to act as incentive to your reluctant helpers. Factor in the price of meals for the day if you don't foresee yourself cooking for the entire moving crew. And as always, remember that there will be fees associated with the transfer of the utilities into your name.

It is necessary to sit down and make up a moving budget before you even begin packing. You need to have a realistic idea of how much relocating will cost you. That way, your budget will help you to be prepared for the bills you can expect as a result of your move.


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