Moving is a time when you really don’t want to be building up debt. You should be concentrating on getting settled, adjusting to a new location, and building wealth with your new job. Matt Wegner from FinancialExcellence.net shares his thoughts about how to plan for a move:
Move yourself or pay someone?
You can save money by moving your own stuff, but hiring a company to do some or all of the moving for you can be worth the cost. Get a few quotes and consider the time of the month/year as well as any storage costs that may be involved.
Rent or buy?
Where will you live? Apartment, rental home, or are you purchasing a new home? Be prepared to pay a security deposit for a rental and to have the utilities turned on (if applicable). If you are buying then what will the property taxes be?
Adjust lifestyle to your new life
What’s your new paycheck going to look like?
What’s your budget going to be?
Is there a State income tax?
What is the Sales Tax rate?
Will there be a change in property taxes (if buying)?
If you don’t plan ahead then you are probably going to end up reaching for that darn credit card again and go deeper into debt while in-between paychecks. Prepare by expecting there will be unexpected expenses.
