The True Costs of Moving and Ways to Afford It


Most people overlook the importance of creating a budget for a move. Either they feel it’s an unnecessary step or they simply don’t have the time with all the other things involved in relocating. Although moving can be stressful, it can only get worse if you’re not financially prepared for what it will cost.

Though the bulk of your finances have gone into purchasing the home or renting an apartment, there are still other expenses that will need to be accounted for to make the move a success. Below, is a break down of some of the most common moving-related expenses, as well as tips on how to make sure you can afford them.

Ways to Afford the Move

You’ve already emptied out your savings and quite possibly this week’s earnings on securing a new house or apartment. You may be wondering how you’ll afford to cover the cost of the move itself. Here are a few ways to generate a few bucks to add to your moving budget:

  • Personal loans – If you’re really pressed for cash but have verifiable income and the means to repay a loan in the near future, you might consider applying for a personal loan. As going to a bank can take forever, you might consider looking at online lenders like for assistance. With few eligibility requirements and deposits within one business day, you’ll have the funds in your checking account in no time.
  • Retirement accounts – If you have a retirement account you may be able to borrow on the funds you’ve been depositing. Keep in mind, however, you’ll need to repay these funds in a timely fashion to avoid penalties.
  • Odd and end jobs – If you have a few skills that others are in need of, now is a good time to put them to use. You can house sit, fix things for the elderly in your neighborhood, walk dogs, or help someone with their taxes or resume for a few bucks.

Moving Expenses to Consider

Now that you’ve secured a few extra bucks, here are the moving expenses you’ll need to consider.

  • Moving company – If you’ll need professional assistance with the move your best bet is to hire a moving company. You can typically get free quotes on what it will cost. Keep in mind, these quotes likely only include the cost of labor and fuel.
  • Additional moving services – If you have specialty items, would prefer experts to pack your things or require storage services for some of your belongings these would all be considered additional services you’ll need to budget for. After you’ve received a moving quote, you can contact the moving company for a more detailed list of rates for additional services.
  • Insurance – Although some customers feel they don’t need it, it is recommended that you obtain insurance to cover your things during the move. Should something become damaged, the cost of replacing it is likely a lot more costly than the cost of insurance coverage.
  • Moving truck – If you plan on going the DIY route you’ll need to get some estimates on moving trucks.
  • Fuel – Though you might save a few bucks by going the DIY route, you’ll still need to refuel the truck before returning it to the truck rental facility.
  • Moving supplies – You’ll need to factor in the costs for everything from cardboard boxes and bubble wrap to packing tape and labels. You can also look for free moving supplies to try and cut this cost.

These are just a few of the moving expenses you’ll need to budget for. The best way to reduce your out of pocket costs when moving is to do comparative research to find the best deals on products and services you need. If your current budget isn’t enough to cover the cost of the move, don’t forget to consider the above-mentioned ideas.