You can use this household moving checklist if you
are having to relocate. It's filled with good advice and tips
on saving money.
Moving households, whether it is due to a job transfer or upgrading your
home, and whether moving across country or across town, is an expensive
proposition. Even when a new employer sponsors a relocation, there are hidden or
un-thought-of expenses such as tipping or registering your vehicle in a new
state. Here are six ways to reduce expenses during your next move:
1. Boxes, boxes, boxes
Asking your local grocery, drug, or liquor store for their empty boxes is
certainly one way to save money. You could easily spend $100 or more when buying
new boxes. Consider visiting an apartment complex the first weekend of the month
when new tenants are likely to move in. Tenants will be eager to rid themselves
of their unpacked boxes and you can score by taking them off their hands. If
your employer is paying for the move, be sure to save and store your new boxes
for future use.
Buy your packaging tape at a hardware store instead of a grocery store or
office supply store. It can save you up to $5 per roll! And remember to be nice
to whomever is helping you move, pack books in a few smaller boxes instead of
one big box!
2. Truck Rentals
If you are ambitious enough to move yourself, be sure to comparison shop
weeks in advance of your move to get the best prices on truck rentals.
At the time this article was written, the following online price quotes were
researched from well-known companies offering truck rentals. Be careful to
investigate how the company charges for mileage. Another hidden charge that you
may not be aware of is that of dropping off the truck in a different
city/location from where it was rented. Inquire with the truck rental store or
website if there are special promotions or discounts for being a AAA or AARP
member. Do call your insurance agent before you reserve any truck to determine
if your homeowner's insurance will cover any damage to your furniture and if
your auto insurance will cover the truck. This will save you worry and money, if
you don’t need to purchase additional insurance from the rental company.
As an example, you could expect to pay the following charges for a 400-mile
move:
Uhaul, www.uhaul.com, 14' Truck, $109 + $.40 per mile after the first 476
miles
Penske, www.penske.com, 15' Truck, $429 for unlimited miles, receive a 10%
discount for reserving the truck online and another 10% for being a AAA member
Budget, www.budget.com, 15' Truck, $452 with a $100 refundable deposit, 515
miles are free
Each of these companies does a great job of up-selling boxes, tape, hand
truck rentals, and moving quilt rentals on their websites and in their stores.
The boxes and tape can be purchased much cheaper if you plan in advance.
In this scenario, Uhaul is the clear winner, but this is NOT always the case.
Prices will vary due to availability, timing, and distances.
And, don’t forget … you are responsible for paying for the gas in the
truck, which can be an exorbitant cost with current gas prices. Ask the rental
company for the average mile-per-gallon of the truck when you are reserving it
to estimate this cost.
3. Storage
Temporarily storing your belongings may be a necessary expense. There are a
lot of options with storage facilities and you will want to weigh each aspect
carefully. For example, if you are always strapped for cash, and there is the
slightest chance that you will not be able to make the payment in a timely
fashion, your belongings may be confiscated! Don’t risk signing a contract
with a storage company if you aren’t confident you can make the payments. An
alternate option here is to use your credit card for the recurring monthly
costs, but ONLY if you pay off the balance in full each month.
When choosing a storage facility, consider the company’s reputation,
whether they have climate controlled units (if this is important to you), and
what security the company can promise. Having easy access 24 hours a day may
also be a key attribute for you depending on your circumstances.
If you are renting a truck to move your belongings, be sure to ask what
partnership pricing they have with a local storage facility. Sometimes storage
can be obtained for as little as $1 for the first month with a 2-month minimum
contract when you rent a truck at the same time. Buy a padlock for your storage
unit at your local hardware store to save spending 3-times the amount at the
facility.
4. Packing Fragile Belongings
As with boxes, packing materials to protect fragile belongings can be
expensive. A cost effective and space efficient tip is to pack these breakable
items in your bathroom and kitchen towels, throw rugs, blankets, bed linens, and
even shower curtains! This is a much better alternative to newspaper, which
leaves ink residue behind. All of your linens can be washed and folded once you
have moved into your new home.
In an easily identifiable place such as a drawer of a piece of furniture, be
sure to pack a complete change of clothes for you and your family members,
toiletries, a complete set of bed linens, and toilet paper. This way, you won’t
be panicked trying to find the necessities when your first arrive at your
destination.
5. Utilities and Address Changes
Remember to cancel your old utility services, start new utility services, and
change your address. You may uncover some forgotten money when canceling
services if you were required to pay a deposit when you started your service. Be
sure to end the services the day AFTER you move out. This may incur a few
dollars of extra costs, but typically these companies can not ensure a cut off
time, and you don’t want to be stuck without electricity or hot water while
you are still in your place. On the same note, you may wish to schedule set-up
of your utilities at your new residence the day before you arrive to be sure
everything will be working when you arrive. Here is a list of common utility
companies to contact. The property management company or Chamber of Commerce in
the area where you are moving can give you local company numbers.
Electric Gas Water Phone Cable Garbage Also, if you are moving into a
subdivision or condominium complex that has a private trash collecting service,
you may be charged for the pick-up of your moving boxes! This cost can be $25 or
much higher, depending on the number of boxes. Check this out before putting
your boxes out at the curb. You may want to consider donating your boxes to a
new neighbor with a ‘For Sale’ sign in front of their home.
In addition canceling and starting new utility services, don’t forget to
change your address with your:
Bank
Credit Cards
Utility Companies
Insurance Companies
Doctors
Magazines
U.S. Post Office (at your old location)
6. Save ALL Moving Receipts
If your move is not being paid for by an employer, the incurred expenses may
be tax deductible. According to the IRS website, www.irs.gov, “You can deduct
your allowable moving expenses if your move is closely related, both in time and
in place, to the start of work at a new or changed job location.” The IRS has
an interactive questionnaire, which determines whether your move may be deducted
on your taxes.
You can also contact the IRS or your tax preparer if you have specific questions relating to
your move.
Moving even the simplest of households can be expensive. Save yourself a lot
of stress and money by planning far in advance of your move.
This household moving checklist
is just one of a series of articles aimed at helping your save
money. You can read these other articles for more money saving
tips: