Plan for a Smooth Move: Don’t Forget These Common Expenses

Two women taking a break from moving.jpg

Moving into a new place can be a very exciting time full of possibility. The last thing you want during this transitional time is unnecessary money worries. To cut down on stress, complete a spending plan for the move beforehand to avoid going into debt to cover your needs.

Here are some potential “moving” spending categories to figure into your calculations:

  • Income that will be lost because of time spent on the move
  • Extra rent that has to be paid after moving out or before moving in to new place
  • Expenses of selling a home
  • Expenses for having your previous place cleaned
  • Cost of pre-trip vehicle tune-up
  • Transportation costs for you (plane tickets, gas, hotels)
  • Food while in transit
  • Moving company services
  • Large-item packing supplies for the move (blankets, foam, etc.)
  • Moving insurance
  • Storage facility fees
  • Smaller-item packing supplies like boxes, tape, markers, bubble wrap or foam peanuts
  • Pet transportation costs
  • Cost of shipping certain items
  • Parking fees
  • Temporary housing if you still need to look for a new place
  • Costs of buying a new home
  • Deposit for the new place if renting
  • Furnishings needed for new dwelling
  • Increases in utility expenses or fees for service start-up
  • Cost of registering your vehicle or getting a new driver’s license in the new location

While certainly a break in your routine, moving doesn’t have to be a time of calamity. With a little effort into preparedness, you can make your new start a happier one.

With a new home comes a new budget. To get a fresh start on your finances, download our free Money Management Planner. This guide offers tips and worksheets for creating a financial plan to meet your needs. 

Download your Build-A-Budget eBook

Divorce: What Will It Cost You?
Stop! Can you really afford that?

About Author

Hanscom Federal Credit Union
Hanscom Federal Credit Union

Related Posts
The Best Way to Avoid ATM Fees
The Best Way to Avoid ATM Fees
The 5 Benefits of Renovating Your Bathroom
The 5 Benefits of Renovating Your Bathroom
3 Ways to Build Wealth with Direct Deposit
3 Ways to Build Wealth with Direct Deposit


Subscribe To Blog

Subscribe to Email Updates