Saving Money on Your Move

A Moving & Storage Guide

Moving to a new home can be an exciting but costly endeavor. From packing supplies to hiring professional movers, the expenses can quickly add up. However, with some careful planning and smart decisions, you can save money during your move. In this comprehensive guide, brought to you by Texas Bay Credit Union, we will share valuable tips and strategies to help you cut costs while ensuring a smooth relocation process.

1. Create a Budget

Before diving into the moving process, it's crucial to set a realistic budget. Determine how much you can afford to spend on your move and allocate funds for each aspect, including packing supplies, moving services, and storage, if required. Having a clear budget in mind will help you make informed decisions and prevent overspending.

Consider opening a credit card with Texas Bay Credit Union to help finance the moving process. BONUS… Texas Bay’s Platinum Rewards Mastercard provides rewards points you can redeem for cash, travel, gift cards, and more! These rewards can help offset the cost of the move.

2. Declutter and Downsize

Moving provides an excellent opportunity to declutter your belongings. Take the time to go through your items and decide what you no longer need or want. Consider selling or donating these items to lighten your load and potentially earn some extra cash. The fewer items you have to move, the less you'll pay for packing supplies and transportation.

3. Compare Moving Companies

When it comes to hiring professional movers, it's essential to do your research. Obtain quotes from multiple moving companies and compare their prices, services, and customer reviews. Look for companies that offer competitive rates without compromising on quality. Choosing the right moving company can make a significant difference in both the efficiency and cost-effectiveness of your move.

If the cost of moving is too expensive, but a necessary life decision, consider opening a line of credit with Texas Bay Credit Union. This is a great short-term solution with low rates, a variety of payback terms, no fees, and no early repayment penalties.

 

4. Opt for Off-Peak Times

Moving during peak seasons or weekends often comes with higher costs. To save money, consider scheduling your move during off-peak times. Moving companies are likely to offer discounted rates during weekdays or less busy periods. By being flexible with your move date, you can secure a better deal and potentially reduce your overall expenses.

5. Utilize Free or Affordable Packing Supplies

Packing supplies can quickly eat into your moving budget. Instead of purchasing brand-new boxes and packing materials, explore more affordable options. Visit local grocery stores, bookstores, or liquor stores to inquire about free or discounted boxes. Check out online resources for free used packing paper and boxes, like CraigsList and FreeCycle. You can also use towels, blankets, and clothing as padding instead of buying bubble wrap or packing peanuts.

6. Pack and Label Efficiently

To ensure a smooth unpacking process and prevent any damage, it's important to pack and label your belongings efficiently. Clearly mark boxes with the contents and the room they belong to. This will save you time and money by avoiding confusion and making it easier to unload and organize your items in your new home. Also, when preparing for the movers, stack boxes in groups based on the room they will be going into at your new home. This will save time on moving, and thereby, save you money.

7. Explore DIY Options

Consider handling certain aspects of the move yourself to save money. For example, you can personally pack your belongings, disassemble furniture, or transport items in your own vehicle before moving day. However, be realistic about what you can handle on your own to avoid potential damages or injuries. It's essential to strike a balance between cost savings and ensuring the safety of your belongings.

8. Research Storage Solutions

If you need temporary storage during your move, research affordable options in your area. Compare prices, security features, and accessibility before making a decision. Some moving companies offer storage services as well, so inquire about package deals or discounts when combining moving and storage services.

9. Notify Service Providers in Advance

To avoid unnecessary charges, remember to notify your service providers of your move in advance. This includes utilities, internet service, and any subscription-based services. Cancel or transfer your services to your new address to prevent paying for unused services or incurring extra fees.

10. Take Advantage of Tax Deductions

Depending on the circumstances of your move, you may be eligible for certain tax deductions. If your move is related to a change in employment or you're relocating for business purposes, consult a tax professional to see if you qualify for any deductions. Taking advantage of these deductions can help offset some of your moving expenses.

Texas Bay Credit Union is here for all life’s big changes

Moving can be an expensive endeavor, but with careful planning and smart choices, you can save money during the process. By creating a budget, decluttering, comparing moving and/or storage companies, and utilizing cost-saving strategies like off-peak scheduling and free packing supplies, you can significantly reduce your moving expenses. Additionally, exploring DIY options, researching storage solutions, notifying service providers in advance, and exploring tax deductions can contribute to further savings. Remember, every dollar saved counts. With these tips and the support of Texas Bay Credit Union, you can make your move affordable and financially manageable.

Remember, the key to a successful move is to stay organized, plan ahead, and make informed decisions. Happy moving!

 

Disclosure:  Texas Bay Credit Union does not provide tax, legal, investment, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, investment, or accounting advice. You should consult your own tax, legal, investment, and accounting advisors before engaging in any transaction.