3 Money-Saving Moving Tips

8 August 2016
 Categories: , Blog

Statistics show that the typical American will move an average of 11.4 times during their lifetime. Moving to a new residence can be stressful. Not only does a move place stress on your physically and mentally, but a move can place a burden on your finances as well.

If you are looking for some simple ways to make your next move more affordable, here are three money-saving moving tips to keep in mind.

1. Break out your toolbox

One of the easiest ways to help reduce the cost of your move when using a professional moving service is to take the time to disassemble large furniture items prior to the arrival of the moving crew.

A moving company may charge you a premium to take apart your bed, table, or other large furnishings, but with a few tools you can easily perform these tasks yourself. Keep your toolbox handy when packing up your home, and disassemble any large items yourself in order to reduce the total cost of your move.

2. Keep your receipts

The expenses that you incur during a move might be eligible for deduction on your next tax return. If you are relocating in order to take a new job that is at least 50 miles from your current residence, the IRS will allow you to deduct moving expenses on your taxes.

Having the ability to deduct your expenses can increase the amount of money you receive as a tax refund, so ensure that you save all of your moving-related receipts to take advantage of this money-saving option.

3. Lighten your load

If you have accumulated a lot of junk throughout the years, you aren't alone. Statistics show that Americans spent $1.2 trillion dollars each year purchasing items they don't need. Moving costs are often based on the volume of items that you need to relocate, so taking the time to go through your belongings and get rid of any non-essential items as you pack can be beneficial in making your move more affordable.

Donate clothing and household items to a local charity (which can be a tax write-off), and contact a scrap metal hauler to remove old appliances (which could earn you some extra cash). Lightening your load will help you reduce your moving costs.

Making your next move more affordable can help reduce some of the stress associated with relocating to a new home. Try taking furniture apart yourself, saving receipts for tax deductions, and getting rid of excess items to save money on your next move. For more information, contact companies like Bekins Van Lines Inc.