Calculating Your Moving Budget: A Step-by-Step Guide

Creating a mobile budget template doesn't require a computer or sophisticated software, but they can make the process easier. If you don't have access to a computer or smartphone, you can do the same calculations on a piece of paper. To make the calculations simpler, open Excel or a similar spreadsheet program. To get an accurate total cost, multiply the subtotal by at least 5% (excluding any additional moving costs), which will give you a contingency buffer.

When you feel confident and excited about your decision to move, you know you're ready. If saving money is important to you, it's time to calculate the space you need in a truck so you don't end up overpaying for a long-distance move or moving container. Surprisingly, hiring professional movers can sometimes save you money by saving time, especially if you're moving a long distance. Before creating your moving budget, use our moving cost calculator to make sure your budget is accurate.

If you decide to hire professional movers, get quotes from several companies to compare prices and find the best option for you. Make sure to include more than just the essentials, such as a photo of your dog and wet wipes for your car, so that you have everything you need if your move goes as planned - or if it doesn't. Moving fragile or difficult items may incur an additional fee. A storage unit might be the perfect solution to make sure your move is as easy and stress-free as possible.

According to the IRS, if your move was due to a military order and a permanent change of season, you may be able to deduct your unreimbursed moving expenses. Give yourself enough time to compare multiple quotes and get the best price for your requested move date. Moving with a container is simple - all you have to do is load it and the container company will take care of the rest. If you're on a tight budget and don't move far, then a DIY move with a truck rental might be the best option for you.

If you are moving yourself, determine how much a truck rental will cost, the price of moving supplies, and how much you can expect to pay during the trip. Calculating how much your move will cost involves many factors. A flat rate is usually the estimated number of hours the moving company will take, multiplied by its hourly rate.

Matthew Oestmann
Matthew Oestmann

Music advocate. Hardcore tv fan. Professional pop culture geek. Subtly charming music trailblazer. Proud bacon trailblazer.