They say that the money is what makes the world go round. Some will not agree with this, however, when it comes to removal, this is exact fuel you will need, and you will need a lot of it. All moving experts agree on one thing: setting up a moving budget for your upcoming removal is necessary and important. It is the first task you need to complete, before you start other relocation tasks.

Here are few reasons why creating a moving budget is relevant for a smooth and successful removal

Do you have enough money?

Setting up a moving budget will help you determine whether you have saved enough money to complete your removal. Each relocation step means expenses so you really don’t want to run out of it in the middle of your relocation.

Financial control

Creating a moving budget and monitoring it is a great way to track your expenses and respond in case the limit gets crossed. Unexpected situations and expenses might occur so you need to be ready and know when to respond. With the budget set up, you will know whether you can afford some additional service, or other expense. You will know where your money is going and most importantly, it will prevent overspending.

Setting up a moving budget

BudgetYou can create your moving budget by using some samples from Internet. There are many free moving budget templates and you can fill in a detailed list of tasks and expenses. And the program will do all the calculations necessary. And all you need to do is to download it. This will save you a lot of time. On the other hand, if you are not an Internet and technology fan, you can do it the old way. Take a pen, a calculator and a paper. And you can start with creating your relocation budget. It should include moving company expenses (rental expenses), transportation expenses, unexpected expenses, storage costs, post-removal expenses, etc.

Moving company expenses/rental

If you opt to hire a professional moving company, you need to include the following expenses: moving company fee, insurance and extra services like packing, moving specialty items, etc. However, if you are moving by yourself, you should include truck rental cost, which depends on the amount of stuff you are moving. You will also need to include insurance, fuel cost and extra moving equipment, like a dolly, furniture covers, a ramp, etc. Make sure you ask the agency about these and the cost before you sign a contract.

Transportation expenses

You will probably move your car as well, so you need to know how much money you will need for fuel and maintenance. Additionally, if you are planning for stops and lodging, make sure you know how the number of nights. Also, don’t forget to include costs for meals and drinks.

Unexpected expenses

When moving, you can always expect the unexpected. You need to be prepared for injuries, higher costs than agreed with the company, or other expenses you simply cannot control. So, the main rule when setting up a moving budget is to consider the preliminary numbers and add at least 5-10% more to it.