Moving to a new home can be an exciting adventure, but it can also be an expensive endeavor if you don’t plan carefully. To make a smooth transition without unnecessary financial stress, it’s important to budget for your move. Whether you’re relocating to a new city or just down the street, having a clear budget in place will help you stay organized and in control of your costs. Here are some key steps to setting a moving budget.

1. Assess your finances

Start by evaluating your current financial situation. Take a close look at your income, savings, and monthly expenses. Understanding your financial standing will give you a clear idea of how much you can allocate to the move and what adjustments you might need to make to cover the costs.

2. Estimate moving costs

Create a comprehensive list of all potential moving costs. This includes expenses like hiring a moving company, purchasing packing supplies, renting a moving truck, and travel expenses if you’re moving long-distance. Don’t forget to factor in any additional costs, such as temporary storage or pet transportation.

3. Get moving quotes

If you plan to use a professional moving company, obtain quotes from multiple providers to compare prices and services. Be sure to inquire about any hidden fees or additional charges that may apply. Gathering quotes early in the planning process will help you set a more accurate budget.

4. Create a moving budget

Based on your assessment of finances and the estimated moving costs, create a detailed moving budget. Assign specific amounts to each expense category, and be sure to leave some wiggle room for unexpected costs. Having a budget in place will prevent overspending and allow you to track your expenses throughout the move.

5. Downsize and declutter

Before packing, take the opportunity to declutter and downsize your belongings. Sell or donate items you no longer need or use. The fewer items you move, the lower your overall moving costs will be, and you may even make some extra cash in the process.

6. Plan for DIY moving

If you’re moving locally or have a small amount of belongings, consider a DIY move. Renting a moving truck and enlisting the help of friends or family can save significantly on moving costs. However, be sure to account for any expenses related to truck rental, fuel, and packing supplies in your budget.

7. Set Aside an Emergency Fund

Moving can be unpredictable, and unexpected expenses may arise. Create an emergency fund specifically for the move to cover any unforeseen costs without affecting your regular savings or budget.

8. Research Cost-Saving Strategies

Explore cost-saving strategies for various aspects of the move. For example, look for free packing supplies from local grocery stores or ask friends and family if they have any spare boxes. Also, try to schedule your move during non-peak times, as moving companies may offer lower rates during off-peak seasons.

9. Notify Utility Providers in Advance

Avoid paying unnecessary utility bills at your old address by notifying providers in advance of your move-out date. Also, schedule the transfer or setup of utilities at your new home to avoid any disruptions.

10. Keep Track of Expenses

Throughout the moving process, keep track of all your expenses. Maintain a detailed record of receipts and payments, and regularly compare them to your budget. This will help you stay on top of your finances and make any necessary adjustments along the way.

11. Finalize your budget before the big day

As moving day approaches, finalize your budget and ensure that all necessary funds are available. Double-check that you’ve accounted for all expenses and have enough money set aside to cover them. If you need a little extra, Brigit’s Instant Cash can help. You can get up to $250* in minutes right in your bank account.

The bottom line: an ideal moving budget

By following these budgeting steps, you can plan for your move with confidence. Budgeting effectively will reduce the financial burden of moving and give you one less thing to worry about during this busy time. With careful planning and financial discipline, you can make your move a financially manageable experience.

*Subject to Brigit’s approval and policies. Not all members are approved for advances and the amount varies per customer. Advances range from $50 – $250. Log into the Brigit app to learn more. No credit checks or interest, ever. Additional fees may apply for instant delivery of funds.