Relocation – How to make a budget for moving

How much do I need to spend for moving? Well, the first thing to do is to create a list of things to do and decide on a budget.  It could end up being really expensive in the long run as one could encounter unexpected expenses.  Many people factor in small changes like buying new shower curtains, bed linens and even buying groceries to stock the pantry for their move.  Setting up a budget will help in getting prepared and staying on track financially. This will help the move not drill your pocket to an extent where it gets tougher to cope up post the move. How about talking to a moving company at Well! Do this first –

How to create a budget:

  • Setting up templates: There are quite a few programs which have readymade templates which are useful – these can be customized for personal use.  Word or Excel have templates – Excel offers the option of setting up formulae for calculations.  If one doesn’t want to be chained to a computer, there is always the option of buying a document or record book which will perform the same function.
  • Moving expenses: If one is working with a moving company, the following items will have to be accounted for – fees charged for fuel and labor, insurance, extra services like moving appliances and musical expenses, extras like storage, unpacking and expedited delivery, claims and damages and unpacking. It is a good idea to get quotes from a few different companies so that a choice can be made based on prices and services offered.
  • Moving on one’s own: In case a homeowner is moving on their own without employer assistance, they have to account for truck rental fees, mileage and fuel, insurance, equipment rentals, packing materials and an incidentals fund to cover unexpected expenses.
  • Traveling to a new location: In most cases employers do not move personal vehicles, in which case they have to be driven.  There are quite a few costs involved in driving like fuel, service fees etc.  These can be tracked for claims.  If the distance is really big, then overnight stops have to be factored in along with food, child and pet care and also temporary housing till the home is ready for moving in.
  • Packing & Storage rental fees: Most storage companies are usually in a good position to offer ideas on the amount of packing material that will be needed. Supplies like packing boxes, bubble wrap and packing paper, tape, box cutter, labels and markers can be bought at storage facilities.  Many storage companies have facilities in cities across the country and it pays to find out what the charges are so that household goods can be stored while waiting to find a home or move in.

Other costs: Before moving, if one owns a home, it has to be cleaned up and put on the market for sale.  The realtor’s commission has to be paid by the homeowner along with costs related to inspections, repairs and title transfers.  In some cases, people choose to paint their homes to make it look fresh for the new owners.  All of these costs have to be accounted for as well.