5 Ways to Save Money to Cover Moving Expenses
15 Aug

5 Ways to Save Money to Cover Moving Expenses

Are you preparing for a residential move? Undoubtedly, relocating means, you’ll have a few added expenses. From utility and lease deposits to moving supply expenses, extra cash on hand helps. However, if you are in the process of saving money to cover moving expenses, making a few wise moves now makes all the difference. Check out a few ways to help you save money in anticipation of your upcoming move.

1. Create a Budget

One perk of creating a moving budget is the fact that you get a better grasp on your outgoing expenses, which means you see where you can potentially save. Nerdwallet offers a straightforward guide to creating a budget. This includes knowing your after-tax income, defining your expenses, and tracking your progress. For example, if you’re looking to save money for moving, try to commit a certain portion of your income to a moving savings fund.

2. Pause Subscriptions

Subscriptions like digital entertainment, apps, and beauty boxes can add up. The average American can have anywhere from 12 to 17 subscriptions coming out of their wallet every month, and many are spending more than $100 over what they assumed.

As you prepare for your move, look at the subscriptions you have going out that you may not need for the next few months. Then, consider pausing the ones you won’t use or need. This alone could save you a few hundred bucks or more to put toward the moving costs. For example, you may be too busy to get your money’s worth from those streaming or gaming apps.

3. Cut Back on Utility Use

When you get ready to move, keep tabs on your utility costs. In the case of a local move, you may have to pay the final bill at your current address before transferring services to the new one. A few simple changes could help you save money as your moving date closes in, such as:

  • Dropping the thermostat on your heater by a few degrees
  • Using fans to circulate air instead of running the AC
  • Turning off an electric hot water heater when it’s not in use

4. Pack Lunches

If you and others in your house usually buy lunch daily, this can quickly add up. For instance, if you have two children that pay for school lunch daily, this could be close to $6 a day or more. Pair that with a parent that buys lunch every day, and you could be shelling out quite a bit every week. Consider packing lunches for everyone in the house to cut back on costs and save money for your move.

5. Cut Down Your Extra Expenses

Most people have extra expenses that are not necessarily must-haves in their budgets. This may be the money you spend on getting your nails done weekly, going to the movies, or buying specialty coffee drinks. Whatever extra expenses you have every month, look for ways to cut those out temporarily.

Ready to Get a Price Quote for Your Move?

Getting a price quote from a local moving company gives you an early idea of how much money you’ll need to cover the costs. Reach out to our team to get a no-obligation quote for your upcoming move.

 

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