You’ve been looking for a new place to live, and you finally found it. You’re so excited, but then your heart sinks when you see the price tag! Even if you can afford it, there is no way that most of your budget will be left over for other expenses after paying the rent or mortgage.
You’ll need help with the cost of moving financially. But where do you turn? Who will give financial assistance? Before we go any further, let me make one thing clear: this article isn’t about getting a handout from Uncle Sam; I’m talking about real ways to get help with the cost of moving financially without having to ask anyone else for money. It’s not going to be easy, but it’s possible if you’re willing to do a little legwork.
You might be thinking of asking your family for help with the cost of moving financially, but keep in mind that most relatives have already made their holiday budgets and are unlikely to give you any extra money because they don’t want those names on their credit card bills either. You might hear “no” a lot, or you might be turned down entirely. So, let’s check out how one can get some financial help when moving.
1. Getting Your Family Involved in the Process
If you do not want to ask your family directly for help with the cost of moving financially, try to involve them in this process.
Have them help you pack and carry items out of the house. They can delegate tasks to family members so that they will be spending time helping you move without having a lot of heavy lifting on their plates.
This method won’t work for everyone, but it is a practical solution to get helped with the cost of moving without asking your family directly.
Keep in mind that they might be willing to contribute small amounts because you are not requesting money from them. Please don’t be too hasty in shutting down any offers of help if they are willing to contribute a small amount.
2. Get Some Financial Help When Moving.
Apart from your family, friends may also be willing to help with the cost of moving financially. They can give money to the packers or movers if they are unable to assist you. You could ask some close friends for a small loan and pay them back when you get your first paycheck.
Be sure that you do not take out more money than you can afford to pay back.
3. Where to Look for Financial Assistance with Moving Costs
There is no single place where you can turn to for help with this matter. The only option is to ask around and look for businesses that can give you some help. Your objective now is to find a company that provides free moving services (or works at least at a very affordable rate).
All companies do not have the same rates, and some are more expensive than others. You will need to find the least expensive option in your area by spending time calling around.
Don’t forget that bigger companies tend to have lower costs than smaller ones, and you might be able to get better prices if you get estimates from different moving companies before you settle on one.
Some businesses that you can contact for help with moving costs are:
- Local moving companies.
- Your employer. This will require your first job to be remote or flexible enough to allow you to work while traveling.
- Moving assistance or truck rental companies. Most of these companies have a sliding scale fee structure, and they might be willing to help you with moving costs if your financial situation is not too good.
You could try this method of getting help with the cost of moving financially by looking for moving grants for low-income families. There are many charity organizations out there, so it will be much easier for you to find one than a local business in your area.
You will have to call around as many charities and non-profit organizations out there can provide you with assistance.
4. Consider Moving Expenses Tax-Deductible
Get your employer’s assistance when planning a move. If you plan to relocate for work, it may be possible to keep some of the costs related to the move tax-deductible. Remember, though, that there is no guarantee that all of the expenses will be tax-deductible. You may want to make an appointment with a financial adviser at your new place of employment to get professional advice on this matter.
5. Tips on Saving Money Before, During, and After the Move
- Start packing and getting your house in order well ahead of the moving date to avoid spending too much money
- If possible, consider moving at a time where rates are cheaper. For example, do not move during summer or school vacation times (unless you have family that is willing to help)
- Make sure you are not paying for more insurance coverage than necessary.
- Use your vehicle when returning from the move because this will save on renting a truck. You can also rent it privately if you want to go with something nicer but make sure it has enough space and features for all your items etc.
- If the idea of driving is too overwhelming, you can always consider a moving service. They tend to be more expensive than doing it yourself, but they come with the convenience and peace of mind that you will not have to worry about renting or buying a truck, etc.
- If your company gives out moving bonuses, try to negotiate for a higher one. Some companies will give bonuses to employees who make suggestions on how to improve the workplace etc., and it can be used as negotiating points.
If you are looking for help with the cost of moving financially, it’s important to understand that there is no single place where you can turn. The only option is to ask around and look for businesses that provide free or affordable services. There are many charities out there who might be able to offer assistance as well, so don’t forget about them! It’s also a good idea to start packing ahead of time to save money on expensive storage fees. When considering your options, see if your employer has any relocation bonuses available before negotiating higher rates with other companies that may not have this benefit readily available. Finally, when returning from the move – avoid paying more than what’s necessary by getting quotes from different movers beforehand and trying to move when rates are cheaper.
Also Read- How to Pack Household Items Before Moving?