If your job requires to move to a new city every few years, you would probably know how difficult it is to start all over again, especially if you have a family. Other than the hassles of moving from one place to other, most important factor to consider is the expenses. This article provides a checklist to help you manage all your expenses while moving to a new city.

A new city can be exciting and also overwhelming for you and your family. There are so many things that you need to take care of, packing the materials, finding the best moving service, and more importantly taking care of your expenses. If you are not careful about the moving cost, it can add up quickly. It is there paramount that you meticulously plan everything.

To keep your moving costs under check and keep yourself safe from being caught off-guard, here is a checklist that you must adhere to.

Moving cost

One of the most important items to consider on your moving to a new city checklist is the transferring cost. It is no brainer that higher the number of items you move, higher will be the cost and vice-versa. Most professional moving companies charge based on the size and the weight of the items. As the number of items to be moved increases, the packaging material, the size of the truck also increases.

Besides, the distance and the time of the move also affects the expense. Longer the distance, higher will be the cost. Furthermore, the peak season of moves in India is during the summers. During this time, movers have high demand and also quote higher prices. So, if you are moving anytime between March to May, be prepared to shell out more.

Mortgage/Rent/Deposit

When you think of expense management while moving to a new city, making arrangement for the rent, mortgage and the deposit should be your priority. If you are renting an apartment, expect the homeowner to ask for a security deposit, which usually is two months of rent. So, make arrangement for these expenses in your budget.

Utility expenses

When you move into a new home, it is only natural that you would want to furnish your home to suit your taste. You may need a set of new chairs or a dining table or even a few décor items to enhance the beauty of your favourite corner in the room. When it comes to furniture, you must decide whether to buy a new set or renting it would be more feasible since you may need to move again within a couple of years.

Car registration/Insurance

Your expense checklist for moving out must also include the cost of car registration in the new city, updating the home insurance and other paper-work related expenses.

Being meticulous about the budget not only makes the move smooth but also help you control your expenses.

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.



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