Joseph D. Federico's Blog
A lot changes when you move into a new home. For the first few weeks you’ll most likely be focused on getting everything arranged and put away in their proper locations. You’ll be adjusting to your new work commute, meeting the neighbors, finding out where to shop, and so on.
It’s easy to forget about updating your budget during the first couple of months in your new home. However, if you want to be mindful of your spending and gauge the true cost of living in your new home, it’s essential to start tracking expenses and creating your budget as soon as possible.
In this article, we’re going to show you how to make a new budget for your new home so that you can start accurately planning your long term finances. That way, you and your family can rest assured that you aren’t living above your means in your new home and can stop stressing about spending.
Cost of living changes
When most of us move we think about the change of our mortgage payments, property taxes, and home insurance. However, there are several smaller changes that will occur in your day-to-day spending habits that you might not think to update in your budget.
First off, make a note of how much you’re spending on transportation (whether it’s train fare or gas for your car) in your new home and adjust this on your budget. This is hard to predict before you move since you can’t be sure of the traffic patterns until your first trip to the office.
Next, make a list of your monthly services, including utilities. We’re talking about internet, cable, trash and recycling, heating and electricity, and so on. At the end of the first month, add each of those to your budget and decide if you want to spend less on any of them.
One surprise expense that many people have when they move is the cost of internet. Your old plan at your former residence might not cut it if you move to an area with different coverage.
Furnishing your new home
Even if you’re moving with most of your furniture and appliances, there will likely still be expenses that you’ll need to plan for in your new home.
It might be tempting to make all of these purchases at once so that you can feel like your move is “complete.” However, the best course of action is to include these items into your monthly budget so that you are prepared for emergency expenses.
Decide which items you need the most in your new home, and prioritize purchasing those on the first month. You’ll likely realize after just the first couple of nights in your new house which items you need now and which can wait.
Budgeting apps and tools
Everyone has their own preferred method of record-keeping. Some people keep their budget in a notebook or planner, whereas others like to use an app that they can access on their phone or laptop.
There are dedicated budgeting apps and web applications that link to your bank account and tell you how much left you can spend that month and if there is an issue with your budget. Several such apps are available for free in both Android and Apple app stores.
For a simpler budget, you can simply use the spreadsheet application of your choice (Excel, Numbers, and Google Sheets are all sufficient).
Regardless of what tool you use, make sure you check in on your budget frequently to ensure you’re sticking to it and making adjustments as needed.
Finding the ideal moving company to help you transport your belongings from Point A to Point B should be simple. However, no two moving companies are identical. And if you select an inferior moving company, you may encounter many problems when moving day arrives.
Lucky for you, we're here to help you take the guesswork out of finding the perfect moving company.
Now, let's take a look at three red flags to consider when you evaluate moving companies.
1. Lack of Experience
Search for moving companies that boast many years of experience – you'll be happy you did.
Moving companies that possess comprehensive industry experience understand the ins and outs of moving day and may be better equipped than rivals to deliver the best results.
Typically, a moving company that has extensive industry experience will employ friendly, knowledgeable professionals. This business also will provide fair prices and personalized support, ensuring you can get the assistance you need to seamlessly and effortlessly get your personal belongings to your new address.
2. No Licensure or Insurance
Regardless of whether you're moving within the same state or out of state, it is paramount to employ a licensed, insured moving company. By doing so, you can minimize risk of damage or destruction of your personal belongings.
Remember, a moving company will be responsible for transporting your appliances, electronics, furniture and other items to a new location. And if you fail to employ a licensed, insured moving company, you might struggle to protect your belongings in the event of an accident during transport.
Ask moving companies for verification of licensure and insurance. This will enable you to work with a moving company that will do everything possible to safeguard your belongings on moving day.
3. Poor Customer Reviews
What are past customers saying about a moving company? Take a look at customer reviews, and you can gain a better understanding of what it's like to work with a moving company.
In many instances, an online search of a moving company will allow you to learn how this business stacks up against the competition. Or, a moving company may even provide customer reviews on its website.
Of course, don't hesitate to reach out to a moving company to ask for client referrals, either. This will enable you to obtain first-hand insights from previous customers so you can select a moving company that will meet or surpass your expectations.
For recent homebuyers or home sellers, your real estate agent may be able to help you identify moving company red flags as well.
A real estate agent understands the challenges associated with moving day. As such, he or she may be able to help you find a top-notch moving company and ensure you are fully prepared for your upcoming move.
When it comes to finding a moving company, there is no need to worry. Consider the aforementioned warning signs, and you should have no trouble choosing a first-rate moving company to help you out on moving day.
Moving into a new house is a great way to start a new chapter of your life. When you buy and move into a new home, you’re opening up to new possibilities. Those new possibilities will certainly come in the form of the new people that you will meet and get to know in your new neighborhood.
Take the pain out of moving into a new house
Your entire environment will change, especially if you move into a new house that’s located in a different part of town or a completely different city or state. Move by the seat of your pants or haphazardly and you could feel overwhelmed in no time flat. The below five steps could save you time, headache, stress and regret.Those savings alone could enliven your spirit and renew your commitment to living the best life possible, especially as you open up to not only moving into a new home, but to also accepting new, personal and professional growth opportunities.
- Pack similar items together – It can take hours to unpack a one bedroom house, let alone a three or five bedroom house. To get those hours back, pack clothes, shoes, hats and other fashion accessories together. Pack dishes together. Put all furniture accessories, like decorative pillows, in the same box.
- Label items – Put clear labels on boxes and large items. This takes the guess work out of packing and unpacking.
- Schedule utilities in advance – Contact utility companies and have your electricity, water, gas and other utilities turned on before you move in. You’re going to need running water and electricity on day one.
- Build a team – Reach out to friends and relatives and build a team of movers. Choose people who have moved an entire house at least once, preferably twice. The more experienced people are at moving, the more shortcuts they generally know about.
- Contact information – Write down relevant contact information. For instance, have the names, telephone numbers and email addresses of babysitters, pet sitters, utility companies, cable companies and packers and unpackers that you might use. Put the contact information in the same location. Your cell phone is a great place to store this information.
Take it easy on yourself when you move into your new home
If you’ve been struggling to take the required steps to finally pursue a passion, hobby or business endeavor, moving into a new house could be the inspiration that helps you to launch forward. A move leaves your brain with no option but to except that something major has changed. Instead of putting on the brakes and refusing to accept the change, take the right steps to make your house move go as smoothly as possible.
The steps mentioned in this article may shorten the time that you spend packing,unpacking and getting acclimated to your new house and your new neighborhood. You could use that saved time to strike up conversations with your new neighbors and explore the social, education, spiritual, community and entertainment offerings near your new home. You could also use the time to fill out and submit paperwork to launch your new business or to deepen relationships with your family and friends.