Home > Personal Finance > 5 Ways to Cut the Cost of Moving

Comments 0 Comments
Advertiser Disclosure


It may be obvious that buying a house will be a very large — and expensive — decision. Even if you calculate your monthly mortgage payments, evaluate the overall price tag, factor in future maintenance and repairs, and consider any commute and renovation costs, you may forget a few things that can add up to more than a few (hundred) dollars. From closing costs to movers, you can end up spending more than you expected to in your first year of homeownership. Check out some tips below to help you keep those relocation costs down.

1. Plan Ahead

Getting organized before crunch time can help you save. Change your address with all of your creditors and the post office ahead of time so nothing important will slip through the cracks. A missed or late payment can do serious damage to your credit scores and will end up costing you in the form of higher interest payments down the line. (You can check your credit scores for free on Credit.com.)

It’s also a good idea to create a budget for all moving expenses so you can evaluate what other aspects of your lifestyle you can cut back on that month to help fund your relocation. It usually adds up faster than you think — so try not to leave anything (from truck rental and mileage charges to gas and electric setup) off your list. You may want to consider investing in movers insurance to protect your belongings. In addition, it’s important to secure all important documents in a safe place so they do not get lost during the commotion and you will have them whenever you need them.

2. Time It Right

The price of moving can vary greatly based on when you move and whom you hire. It’s a good idea to do some comparison shopping. Research a few options and get multiple quotes before you choose a moving company or truck rental. If possible, avoid moving in the summer, when it is most popular. Rates are lower between September and May when these companies are less busy. Similarly, you may find lower prices on weekdays as opposed to weekends and further from the beginning of the month when many rental leases change hands.

3. Mix DIY & Professional Help

Moving on your own is almost always the cheapest option. This requires more time and sweat, while calling in the professionals can make it easier. Of course, there are some options that combine the two. You can pack boxes yourself or even prep the furniture and just pay the movers to physically move your belongings between homes. You can move all the smaller items and boxes and hire movers for only the heaviest objects, like your couch, bed and dresser.

4. Come Prepared

When the movers or moving day comes along, it’s important to be ready. If not, you can end up paying the movers to watch you organize your things. Collect packing materials, like tape, boxes and bubble wrap as soon as you know about the move. See if there are old boxes available at work or your grocery store. Ask friends or neighbors if they can pitch in with the packing. By starting early, you can take your time and possibly even choose some things to sell or give away before the move. This way you de-clutter and don’t pay to move things you don’t want anymore. You may need parking permits or, if you live in an apartment building, insurance permits. It’s a good idea to get those ahead of time.

5. Get (Financial) Help

Track all your moving expenses so you can get some of the money you shell out back. If you are moving for work, ask your employer to cover some of the costs. Even if your employer will not pay for the expenses, you can deduct some of the costs on your income tax return. It can be a good idea to consult a tax adviser before the move and through your filing process to be sure you do this properly.

More Money-Saving Reads:

Image: iStock

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team