Stay Prepared for the Hidden Costs of Moving

Even the most well-prepared movers may find themselves overwhelmed by the hidden costs of moving. These unexpected fees can add up quickly, leaving you in a state of total panic on moving day. Luckily, CashMax offers a financial safety net to those who find themselves struggling during the moving process. Contact CashMax online for more information about the different loan options that can help you transition smoothly!

Unexpected Expenses

While relocating from place to place is expensive enough, many movers forget about the little things. Here are just a few of the many hidden costs of moving that you may need to consider when budgeting for a big move:

• If you are moving from state to state, investigate the car insurance rates. You may find your normal coverage changes when moving to a new location. Also, it's important to factor in parking costs. Be sure to see whether parking is included in your new home, or whether you need to pay an additional fee.
• Your health insurance rates can also change drastically from one location to the other, especially if your previous insurer is not provided in your new state. Compare the different insurers carefully, or think about hiring an independent broker for expert help.
• Utility costs may also differ in your new home. If you are renting, then ask your landlord how the costs are divided among the tenants. This allows you to prepare and budget for your new rent more effectively.
• Think again before closing out all your accounts. While you want to pay off your debts before moving, closing all your credit lines may hurt your credit score. Consider your total available credit before making any decisions. Further, keep your old bank account open for a few extra months to avoid overdraft fees.
• Take inventory of memberships like gyms, recreation centers, childcare facilities, and other organizations with a monthly or annual contract. You may have to pay a fee to cancel your membership, and you may have to provide documentation of the move.
• In the shuffle of moving, you may lose track of bills in the mail and get hit with late fees. Switching to a paperless, online bill paying system can help mitigate these issues.
• After considering all of the hidden costs of moving, don't forget about your security deposit! Be sure to ask your landlord about the collection process, and don't be afraid to seek out legal help if your tenant's rights are not being honored.