One of the first that you should when moving is to create a budget. Moving homes, be it long or short distance, will always be an expensive undertaking. Not everyone is fully aware of just how much a move can end up costing, and those that have budget planned out in advance are even more likely to spend more.
Even the smallest expenses add up, so creating a sticking to a budget is very important for anyone moving, as it ensures that the money spent will not get too excessive and can help to save money in the long-term.
Here’s how you can create and stick to your moving budget:
Begin by Estimating Your Budget
The most important way to start planning your budget is my trying to estimate how much you can afford to spend. While this will likely change throughout the planning stage, it helps to provide a better idea of what you can spend on your move, helping to plan it out.
For example, knowing how much you can afford to spend can determine whether or not you can afford to hire a moving company or will need to hire a truck and do much of it yourself.
Create a Template Document
Finding a budget template for moving is so easy. Simply head online to find one or just make on of your own using programs like Microsoft Word or Excel (the latter of which can actually help calculate costs!)
A good template should cover the various categories of moving and how much of your budget is dedicated to each. For instance, moving supplies, transport fees, hiring costs are good are common categories of a moving budget.
Create Two Columns – One for Estimated Budget Costs and the Second for Actual Costs
Any budget document should have two columns, the first of which is done when you are creating it. This will allow you to track the estimate the costs for each category and eventually fill in what the actual cost are – this can be great for helping you to maintain your budget or stick as close to it as possible.
Some aspects of your budget will cost more than you originally plan and this is perfectly fine. Should this happen, you can try to see if costs can be reduced in another area of your budget. Even before you move it is a good idea to review this to see if any areas of your budget could be reorganized to save some money (e.g. spend less on supplies and more on transport)
Anticipate Hidden Expenses
Hidden expenses will almost always occur during a move. The best way to avoid overspending on these is to work it into your budget under hidden or unexpected expenses. This ensures your spending on this expense isn’t more than you can afford, which ruins your budget completely.
It could be any number of things that lead to this, from fuel costing more than you thought to having to pay more on the security deposit for your new home.
Anticipating these is the best way to make sure you do not spend more than needed on hidden costs that are likely to occur at some point.
Sell Old Clutter and Junk to Increase Your Budget
Does your budget keep exceeding what you can afford or want to spend? Then kill two birds with one stone by selling any junk and clutter from your home before the move. This will mean less stuff to organize, pack and move, which will result in a much less stressful time!
Better still, if you manage to sell some stuff on eBay, Craigslist, or in a yard sale, you can put those extra dollars into your budget!