5 Tips for Moving for Cheap

Loans Canada: The Country's Best Loan Comparison Platform

5 Tips for Moving for Cheap

Written by Caitlin Wood

Updated November 17, 2017

5 Tips for Moving for Cheap

Debt collectors can quickly come knocking at your door if you don’t budget your next move properly. Especially when acquiring new furniture, you might want to save as much money as possible to avoid getting into debt. Here are our favourite tips to keep your moving costs low.

Write down a budget

A budget is an essential part of any important purchase or expense, especially when the expense is made up of several costs.

Divide your budget in fixed and variable costs. Fixed costs include:

  • Final utility bills at the old place
  • Lease termination costs
  • Mail forwarding
  • Etc.

Variable costs include:

  • Boxes
  • Packing paper and bubble wrap
  • Gas
  • Food during the moving day
  • Etc.

You get an idea. Brainstorm all possible expenses and write everything down. Write the prices you know and estimate those you don’t. Add everything up and get a big total. Now that you have a clearer idea of how much money your move will cost, you can plan ahead.

Get quotes

If you’re using professional moving services, get quotes from at least three or four different companies. Rates can vary a lot between companies so make sure you get the best deal.

A lot of local, small moving companies are willing to negotiate their prices, especially if you tell them a competitor is offering you a better deal. Don’t be afraid to haggle a little!

Do it yourself

A lot of people opt for moving themselves, especially if they or someone they know own a van or a truck. By moving on your own, you can control the costs and save money by not having to pay movers.

It’s up to you though: is the physical effort worth the savings? If you’re alone or are unable to do the physical work, spending on professional movers might be a better choice.

Pare down

Moving is an excellent way to get rid of all the excess stuff that comes with staying in a place for any length of time. As you are packing away, ask yourself: “do I really need this?” and keep a trash bag next to you. Throw away anything old, superfluous or unnecessary. You can easily save a few boxes that way.

Think about cleaning out your closet and giving unworn clothes to goodwill. Put your CD collection in digital format and sell off the hard copies. Clean out the kid’s toy box and give away anything they don’t play with anymore. It’s cheaper to eliminate than to relocate.

Plan to the minute

You can avoid a lot of extra costs if your moving is planned properly. Movers charge extra for waiting after that “one last box” and friends get irritated if they have to wait for you at your new place all day. Save yourself money (and worries) by having a good schedule that everyone can follow.

Caitlin is one of Canada's leading personal finance writers. She is a graduate of Dawson College and Concordia University. She has been part of the Loans Canada team for over eight years. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.

Click on the star to rate it!

How useful was this post?

Research & Compare

Canada's Loan Comparison Platform

Largest Lender Network In Canada

Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.

Make Smarter Borrowing Decisions

Whether you have good credit or poor credit, building financial awareness is the best way to save. Find tips, guides and tools to make better financial decisions.

Industry Spotlight

What's happening with Canada's credit industry?

goPeer — Helping Consumers Achieve Financial Freedom by Connecting Canadians Looking For Financing With Canadians Looking to Invest

goPeer — Helping Consumers Achieve Financial Freedom by Connecting Canadians Looking For Financing With Canadians Looking to Invest

goPeer is Canada's first consumer peer to peer lending platform and connects creditworthy Canadians looking for a loan with everyday Canadians looking...

Read Post
Locator
Find The Best Rate
In Your Region
OR
Best Personal Loan Provider by Greedy Rates
Icon

Confidential & risk-free

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.

When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.

Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.

Your data is protected and your connection is encrypted.

Loans Canada Services Are 100% Free. Disclaimer

Keep Track Of Your Credit Score

Subscribe with Credit Verify to monitor your credit rating and get your free credit score.