Tag Archives: finances

move

Are You Financially Prepared for a Move?

What is one of the biggest obstacles that holds people back from a move? The actual cost of moving! This is not referring to the money associated with selling your current home, buying a new home, or even paying security deposits and rent on a rental home. The moving process itself does cost money. Many people only factor in a small cost when they think about moving. But, they are going to learn the hard way, they should have factored in a higher amount!

What is it about moving that costs so much? With this question to answer, we have looked at some of the common expenses associated with moving, so you can have a better idea of what you may pay when you do move.

Setting Up New Utilities

This is an expense that most people do not even think about. However, most companies when moving into a new area will require a small deposit to get your utilities up and running. A water company may charge a set fee that is relatively small. However, electric companies may want hundreds of dollars to start up your service.

The Packing Materials

You would be surprised at just how much money is spent on packing supplies! For example, a roll of packing tape may only cost a few bucks, but when you need 15 or more rolls of this tape, along with the cost of bubble wrap, heavy duty boxes, along with whatever other packing materials you may need. It is not uncommon for a family to spend a hundred dollars or more on packing supplies for their move.

Replacement Items

Let’s face it, most people aren’t going to pack up every single spice and food item in their kitchen to move. Instead, they may donate these to their local food bank. Therefore, when you move into a new home, be prepared for the trip to the grocery to be way more than you normally spend. After all, many food items cannot be handled by professional moving companies like Excel Moving & Storage.

For those who are thinking about moving, be sure to sit down and make a budget estimate of what this is going to cost you. This way, you aren’t surprised later!