Nate Foster writes about home improvement, real estate, and tips for living lean on a budget.
If you have a relocation in the works, or one on the horizon, saving as much cash as you can is going to be vitally important. Moves are time-consuming and expensive, and it’s extremely easy to let any sense of discipline concerning costs go out the window. Despite what you may believe, though, it is possible to save.
Check out these six ways to hold onto some money the next time you relocate.
1. Go DIY
Doing everything on your own can save you tons of cash, but it’s not easy.
If you have the bandwidth, try packing up your stuff, renting a moving truck, and taking care of everything yourself. It’s easily the best way to conserve money on a move – just make sure you have the necessary time and energy.
2. Help Out Where You Can
A full DIY job isn’t the only option. Packing items on your own can cut moving costs, as can providing your own boxes, tape, and bubble wrap. Try bringing your things down to the bottom floor of your home and unpack all the smaller items yourself to decrease the time that the moving company is on the clock.
3. Research Moving Companies
If you’re going to use a professional service, don’t go with the first one you find online. Rates vary, and so do services. Finding the right movers can be an arduous process, but it’s one worth going through. Contact at least three organizations, carefully compare the bids, and make an informed choice.
4. Save on Packing Supplies
If you’re going DIY and getting your own supplies, don’t make the mistake of picking them up from traditional supply retailers. Grocery stores are a great option for free boxes, as are stationery and liquor stores. Get your tape and bubble wrap at online with free shipping.
5. Use Tax Deductions
If your move is job-related, you’ve got plenty of deductions at your disposal. You can write-off lodging expenses along the way to your destination as well as the cost of transporting and storing your belongings. Of course, only take this route if your move truly qualifies. See IRS Publication 521 for more information.
6. Save on Move-In Purchases
When you get into your new home, you may be motivated to make certain upgrades and purchases. There’s nothing wrong with that, just make sure you’re saving all the money you can.
Amazon and eBay are great resources for fixtures, linens, and household appliances, among other typical move-in necessities. I spent more than $3,000 outfitting my first home with “stuff,” but could have easily saved big-time by going that route.
Let’s say you save $1,000 by putting all these tips into action. Instead of letting that money stew in your checking account, use it to its best advantage. You might want to devote it to those move-in purchases discussed above, as they can add up quickly. If you’re living on your own for the first time, start an emergency fund to cover any pesky expenses that might pop up. Saving on your next relocation is important, but putting that windfall to its best use is the ultimate goal.
What ways can you think of to save on your next relocation?