Moving to a new place brings a lot of excitement—and expenses. From the actual moving process to settling into your new home, there are costs that can creep up. Here’s a simple checklist to help you keep finances under control during the move.
Moving Costs
Whether hiring movers or renting a truck, it’s helpful to get quotes and set a limit on what you’re willing to spend. If you’re going the DIY route, factor in costs for gas, any help you might need, and supplies like boxes, tape, and bubble wrap. Little expenses here add up fast, so having a plan helps.
Travel Expenses
If your move involves a long-distance trip, consider any travel costs, from fuel and snacks to overnight stays. For those flying, book flights early and watch out for extra fees, like pet travel costs or baggage fees. Having these estimates upfront can save you from overspending.
Deposit Money
Setting up in a new place often means deposits—whether it’s for rent, utilities, or securing the home. Renters may need first month’s rent and a security deposit, while homeowners might have down payments or earnest money. Utilities such as water, electricity, or internet may also require initial deposits. Knowing what’s needed keeps you prepared.
Adjusting Monthly Budgets
A new home often means new monthly expenses. Whether your mortgage or rent changes, or utility costs differ, take a minute to update your monthly budget to reflect these changes. This way, you’ll know what to expect month-to-month in your new space.
Immediate Essentials
New homes usually come with a few immediate needs—cleaning supplies, minor repairs, or new furniture. It’s tempting to dive in and buy everything, but focusing on essentials first can keep your spending manageable. Save up for the extras over time to avoid a budget crunch.
Keep Important Receipts
If your move is for work, some moving costs may qualify for tax deductions. Hold onto any relevant receipts so you have them when tax season comes around. You may not know exactly what’s eligible right away, but having receipts handy can simplify things if you do qualify.
Last-Minute Surprises
Unexpected costs are a normal part of moving, whether it’s an extra trip or some last-minute supplies. Setting aside a bit of “just-in-case” money gives you flexibility to handle these without stress.
Update Addresses and Settle Bills
Don’t forget to change your address with important services, including banks, credit cards, and subscription services. Settle any outstanding bills at your previous address to start fresh at your new home without loose ends.
With a bit of planning, moving doesn’t have to feel overwhelming. This checklist is designed to help you feel ready for each step, so you can focus on the excitement of settling into your new place.