Moving on a tight budget: How to reduce the biggest costs

Moving into a new home has to be one of the most exciting things a person can do, the sheer thrill of literally experiencing a change of scenery is something to behold. However, steps as large as these usually come with a hefty price tag, with the entire thing bleeding people dry more than the actual house/apartment. When looking to cut costs, there are several things that need to be considered. From knowing what you’re getting into to not being afraid to take matters into your own hands, there are options out there that will cut your costs to a fraction of what they were.

Draw up a plan

Before making any rash decisions, grab a chair, sit down and make a plan. This should include every possible cost that this endeavor could bring about and should list everything that needs to be done by the time the moving trucks are in the driveway. Figuring out everything beforehand helps get a good idea of what’s to come and can shed light on which costs can avoided. Surprisingly, the majority of the moving costs will be a collection of smaller ones, slowly building up steam, gaining momentum. It is these costs that can be avoided once we are even aware they exist.

Make a “what if” fund

Despite going through the plan discussed above, despite having a moving budget – leave a little extra on the side, just in case. This might sound counterintuitive but setting money aside for worst-case scenarios creates a sort of safety net that will cover any unforeseen expenses and prevent owners from having to overspend. This works as a preventative measure both during and even months after the actual move, acting as a sort of cushion should the need for it arise. It’s better to reserve 10% for unplanned costs than to let possible problems escalate to such a degree that they can severely impact a person’s life.

Consider shutting down utilities

Utilities can be very tricky, especially when you’re moving schedule and utility shutoffs aren’t in sync. If you cannot manage to set up the moving date to match the time most of them are going to be turned off, try cancelling a couple of them early. This will strip homeowners of cable for a few days but it’s more manageable than having to pay off an extra month of utility costs when they’re not even living there anymore. Naturally, this tactic is best avoided with things like the electricity bill, but anything not crucial can be switched off early and can save enough money to make a difference.

Plan out your next fiscal year

Despite having a solid plan to move, it is considered wise to go one step beyond and plan out the coming months after the move. A move is a huge shift in the entirety of the finances of a household and as such requires detailed planning to make sure all and any deadlines can be met. The biggest costs end up being those that could have been avoided down the line by something as simple as a plan. A plan will make sure homeowners do not fall into the trap of skipping out on a bill or two to make ends meet and the snowball effect that comes along with it.

Ditch whatever you don’t need

Relocating the entirety of a household is a chore to say the least – most of it involves heavy lifting and is tedious more than anything else. Excess furniture can become a problem really fast and takes up way too much space to get from point A to point B. With upkeep and the costly affair of moving that old inherited grandfather clock, this is the perfect opportunity to look for something supercheap. Storage units are spacious to say the very least and offer a cheaper solution to hauling hefty furniture that’s never going to get used in the first place.

Get your hands dirty

Like with any activity, a DIY approach will save on money. It is important to be very careful when gauging which activities are doable alone and which require professionals. The old-fashioned approach would be to call a couple of willing friends instead of movers, optimally someone with a van or truck, and get to work. This method can take a while longer to get everything from one point to the other but is a huge money saver and really makes a difference when those first bills come in.

The gist

Moving is nothing to laugh at, the act of switching from one place to the other effectively doubles upkeep costs for a single month on top of the dent in the wallet made by moving costs. This is why making a plan is so crucial, it singles out all possible money sinks and prepares us ahead of time. Most of these expenses were destined to pop up anyway, the only difference is – we got a heads up.  With these expenses in mind, remember to cut corners wherever possible and not be afraid to get our own hands dirty.