I Lost $15K Moving: 4 Money-Saving Tips

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Moving across the country can unexpectedly drain your finances if you’re not well-prepared. In my case, I ended up spending $15,000 on a cross-country move, a scenario I wish someone had guided me through. On average, as Forbes reports, a cross-country move typically costs around $4,600. Yet, without proper planning, expenses can soar well beyond this figure.

GOBankingRates connected with Jack Lorge, Co-founder and CEO of Rolli Shades, who shared insights from his $15,000 move. His experiences, along with some well-thought-out strategies, can help others save money on their moves.

Understanding the $15,000 Cost

“Early 2023 marked my relocation from New York to Austin, Texas,” Lorge recalls. Spending a hefty $15,000 on the move, he relocated not just for personal reasons but also to propel his business, Rolli Shades. The expenses were attributed to several factors, including professional movers, temporary housing, and setting up a new office space in Austin.

Even without hiring professionals, long-distance moves like the 1,700-mile journey from New York to Texas incur costs such as fuel and lodging. Moreover, time off work translates into lost income.

Game-Changing Money-Saving Tips

Fortunately, these relocation costs don’t have to run as high as Lorge’s. While the least expensive cross-country moves start at approximately $2,400, sticking close to the average figure is achievable. Here are valuable tips shared by Lorge that can help reduce expenses when moving long distances.

The Art of Downsizing

Reducing possessions before a move is a strategic way to cut costs. For example, shedding items from a three-bedroom house as opposed to moving everything can make a significant difference. Forbes points out that moving costs for larger homes can be significantly higher.

Consider selling or donating items like furniture, clothing items, and household goods, especially if they’re in good condition. By strategically reducing the weight and quantity of your belongings, you significantly lower moving costs.

Secure Movers in Advance

Locking in professional movers well ahead of your planned departure can save money and reduce stress. It allows you to shop around for the most competitive rates, potentially securing discounts not available closer to the moving date.

Explore Tax Benefits

For business-related moves, certain expenses may be tax-deductible. Lorge expressed regret for not consulting a tax professional sooner, leading to potential unnoticed savings. Always consider the costs of hiring tax professionals when exploring deductions.

Opt for Shipping Containers

Lorge recommends evaluating shipping container services. They offer a cost-effective alternative to traditional movers by managing transport logistics after you’ve packed the container. It not only saves costs but can also serve as a temporary storage solution upon shifting.

Comparatively, constRunLine from Moving.com show that Pod-moving containers average under $3,000 for 1,500-mile relocations, whereas full-service movers can charge upwards of $5,000.

If you’re planning a big move, use these tips to keep your finances in check. Click Here For More Personal Finance tips and strategies for effective money management during life changes.