Moving will be one of the most stressful things that you’ll go through. There’s no way around it. One of the biggest setbacks to those seeking to move is the additional financial stress that comes along with it. In order to prepare your wallet for your big move, you first have to calculate all of your new home expenses. Consider everything that you will have to pay for, such as mortgage, electricity and new furniture. Most Americans use about 40% of their income on housing expenses, so you’ll want to make sure you allocate your paycheck and savings to your new home.
Financial Tips on Moving
Another great way to prepare financially is to create a budget for moving expenses and travel costs. Calculate how far you’ll be traveling and estimate how much you’ll need for gas and other expenses. Are you renting a truck or using a moving company? All of these things should factor into your budget. Also, you’ll want to take control of your debt before moving. Use the snowball method—pay off your smallest debts first and then move on to your highest debts. Factor in anything left over into your budget. If are looking to move to Colorado, call Mark Eibner today and let him interview to be your broker. He has been in the real estate business in Colorado for decades and can find you the best deal available.