Relocating for a new job can be an expensive endeavor. If you aren’t careful, you could end up spending so much money relocating, that it decreases many of the financial benefits of relocating, to begin with. In this article, we outline five different ways you can save money, while you prepare to relocate.
Get Friends And Family To Help
Our first suggestion when trying to save money to relocate is to make the relocation process itself as cheap as possible. Depending on the distance you need to travel to relocate you could end up with quite a significant remove a list bill if you pay for a contractor to do it.
This is a great opportunity to make a request of your close family and friends to see if they are willing and able to assist you.
Their assistance can come in many different shapes and sizes.
From helping you pack up your house and pack it into trucks and trailers, to helping you transport your possessions in their own vehicles, through to helping you unpack at your destination – any bit of help you can get no matter how small will make a huge difference to both the cost of relocating and the stress of relocating.
This relocating article has some other great ideas to consider.
Hire A Truck
Getting a remove list to pack up and move your positions from one place to another is the easiest thing to do by far. However, unfortunately, it is also the most expensive thing to do.
It makes sense to get a variety of quotes from different remove a lists to see how much they would charge you to pack up and transport all of your possessions but don’t stop there.
You should also make inquiries regarding the cost to hire a truck yourself that you could drive from your current residence to your new residence.
In this way, you still get the benefit of getting most of your possessions into a single vehicle, but you save on the cost of labor of having these professional remove a lists do all the packing and then drive from one location to another.
Depending on the distance you are traveling it would also be prudent to look for a truck service where you could drop it off in your new city and not have to return it to the place of original hire.
Have A Yard Sale
Another way to minimize the costs of relocation is to minimize the amount of stuff that you have to relocate. One of the easiest ways to do that is to have a yard sale and try and sell as many of your unwanted and unneeded possessions as you possibly can.
It is easy to accumulate a lot of possessions and items of furniture, and when you take the time to think about it there may be many things that you can live without.
Even if it is something that you do want or need it may be possible for you to sell it and then buy another version of it later in the place you are relocating to that is also worth considering.
Try and Incorporate Relocation Costs Into Your Employment Deal
If the reason you are relocating is due to a new job you may be able to ask your new employer whether they can include some contribution towards relocation costs as part of your employment package.
Each situation is different but if your new employer is very keen for you to come and begin work with them they may be willing to assist with this cost.
Set A Savings Goal
It seems simple to say but one of the best ways to save is to set a clear goal and create a new bank account where you send a certain amount of money each time you get paid and don’t look at it until you need to use it.
It’s worth taking the time to do a budget and sum up all of your income and expenses so you know how much disposable income you have. Budgeting can seem overwhelming if you have never done it before, but it is actually quite a simple process once you get your head around it.
There are many online calculators and tools you can use and even spreadsheets you can download to complete on your computer. They all follow the same basic principle of helping you get clear on the different types and amounts of income that you have coming in and also getting clarity on the different types of expenses you are currently paying.
Once you have budgeted and made a decision about a suitable amount of money that you can afford to save you could consider setting up an automatic deduction that sends money from one bank account to another without you needing to do it.
The more that you can automate the process the more reliable the savings habit will be and the more effective your savings process will be.
If your savings are intended to help you buy a house in the place you are relocating to then these house buying tips, could come in handy as well.
Final Thoughts
There are so many different ways you can try to save money in preparation for relocation and we have listed just a few of them in this article. By setting up a savings habit and asking all your family and friends for a long overdue favor you’ll surely be able to save significant money as you prepare for relocation to help you get established in your new location.
