Save Some Serious Dough: 4 Tips To Help You Avoid Bankruptcy During A Move

It can become quite expensive to rent or purchase a new home, from the down payment or security deposit to the cost of the actual moving. Some probably wonder how it can even be fit into their budget. However, moving is a part of life, and most people have to do at least once in their lifetime. To help save money before, during and after the process, here are a few budget-friendly tips:

1. Reduce Your Overall Load.

The first step in lowering the amount of money that you'll be out during your move is to de-clutter. Take this time to go through your personal belongings and get rid of the things that you really don't use and need. This will make it so much easier to pack, move and unpack – even if you're paying the movers to do it. This step will also make it cheaper to have professionals do it, since they charge by weight. Plus, if you host a garage sale before moving day, you may even make some additional cash.

2. Consider Hiring Professional Packers and Movers.

Sure, you may be able to pack a box and even pack a truck, but can you do it efficiently so that you get the most out of the box and the truck? Probably not. This is where professionals come in. They are qualified to make the most out of the space that they have and they do it every single day. By hiring some help, you will ensure that your items are much more likely to avoid damage and you'll save time that you can spend tying up loose ends before you move.

3. Avoid Breaking Your Current Lease.

If you are renting a home or an apartment, and your lease has not yet ended, you will want to avoid breaking it. This results in a number of financial consequences, including losing your initial deposit and having to pay rent for the number of months that are remaining on the lease. If it is at all possible, wait until your lease has been fulfilled before moving. If this is not possible, such as due to a job offer in another city or state, schedule an appointment with the landlord and see if there is something that can be worked out.

4. File for a Tax Deduction for the Moving Expenses.

According to the IRS, you can claim a tax deduction for your incurred moving expenses if the move was due to a change in business location or your career. The IRS does have some stipulations in place. For example, to claim this deduction, you must be able to work full-time for a minimum of 39 weeks during the year immediately following the move.

These four tips will help you save money during the entire process, including the packing, moving and settling in phases. For help packing and/or moving, or for more information about how you can save some money, contact a company like Cross Town Movers.