5 moving tips to help cut costs

Reduce expenses with these moving tips, whether you’re moving across town or across the country.

5 Moving Tips to Help Cut Costs

Moving can be exciting — and stressful — particularly when it comes to all the associated expenses. If you’re one of the millions of Americans relocating this year, whether for work, family, or other reasons, try our five moving tips to help you reduce costs and make the experience a little easier.

Moving tip 1: Avoid peak times

If you’re paying a company to help you relocate, but have some flexibility with your move, be strategic and reduce costs by carefully choosing your moving date and time. You can often cut costs by moving in the middle of the month and on Monday through Thursday.

The best time to move is November through New Year’s, and during the middle of the month.

Moving tip 2: Find free moving materials

Avoid the added cost of buying boxes and moving materials from moving companies and shipping services. Find free boxes by asking at your local grocery stores, checking Next Door or Freecycle, or putting out a request in your social media networks. Instead of buying bubble wrap and other packing materials, reduce expenses by wrapping your fragile items in soft things you already have — think bulky clothing, bedding, and towels.

Moving tip 3: Declutter

Use moving as an opportunity to pare down your belongings. Hold a yard sale to make a little extra cash off items you want to get rid of, or make donations to your local Salvation Army, Habitat for Humanity, Goodwill, or local consignment shops.

Moving tip 4: Be savvy about storage

If you can’t move directly into your new residence — you need to be out of your current home sooner than you can get into your next home, for example — you may seek out the convenience and flexibility of renting a storage unit. But if you’re not careful, this can be a hefty expense.

The larger space you want, the higher the cost, so this is another good reason to pare back your belongings rather than keeping everything. Climate-controlled units carry a higher price, so only select that option if you’re storing fragile items such as electronics and artwork. Take advantage of online price estimates to compare storage unit costs in your area.

Moving tip 5: Deduct moving expenses or request employer reimbursement

Reasons for moving 42.2% Housing-related 27.4% Family-related 20.2% Employment-related 10.2% OtherYou may be able to deduct some moving costs on your following year’s taxes — these include transportation, storage, and lodging. If you pared down possessions during the move, you might even be able to deduct the price of items that you donated to charity. Consult the IRS guidelines or a tax advisor to see if you qualify.

If you’re relocating for work, you may be able to negotiate with your employer to have them provide financial assistance to help cover some or all of the moving expenses (just keep your receipts).

More cost beneficial moving tips
  • Online moving cost calculators can help you get a better idea of how much you can anticipate spending on your move.
  • Sites such as Utility Concierge can help you find the best prices for services like electricity, cable, and internet in your new location.
  • If you’re using professional movers, make sure you plan ahead and know all the costs included or not included in the estimate. Movers can tack on extra fees for tasks like disassembling furniture or needing to use a secondary truck if they can’t get their moving truck to either of your locations.
  • If you’re using a moving company and plan to get a storage unit, ask if the moving company has any established relationships. You may be able to cut costs by bundling services.

Thinking about buying a home? Wells Fargo can help.

Written By: Kari Smith