Moving can be exciting - new space, new neighborhood, fresh start. But let’s be real: it’s also expensive. Between security deposits, movers, and all the little things that add up (hello, packing tape and pizza for your helpers), it’s easy for costs to sneak up on you. The good news? With a little planning, you can stay on top of your move and your budget.
Here’s how to financially prepare for a move - without draining your bank account.
1. Start With a Moving Budget
First things first: figure out how much your move is going to cost. This will depend on how far you’re going, how much stuff you have, and whether you're hiring help or DIY-ing it.
Include things like:
Truck rental or movers
Gas and travel costs
Security deposit or first/last month’s rent
Utility deposits or transfers
Packing supplies (boxes, tape, bubble wrap)
New furniture or essentials for your new place
Even if you’re staying local, small costs can add up fast. It helps to list everything out so you’re not caught off guard.
2. Track What You Already Have
Before you buy anything, take inventory. Do you really need new furniture, or can your current couch survive one more move? Got extra boxes lying around or friends who’ve recently moved? Take advantage of what you already have - it’ll save you money and time.
3. Build a Moving Fund
Once you know your estimated costs, treat your move like any other big expense. Set aside a little each week leading up to moving day. Even if you’re short on time, saving something can reduce how much you need to borrow or put on a credit card.
Pro tip: Try setting up a separate savings account or envelope just for moving costs. That way, you won’t accidentally dip into it for other things.
4. Cut Back (Temporarily)
To give your moving fund a boost, try tightening your budget for a few weeks:
Skip takeout and cook at home.
Pause any subscriptions you don’t need right now.
Sell anything you don’t want to take with you - less clutter, more cash.
Even small cutbacks can add up quickly when you’re focused.
5. Plan for the First Month in Your New Place
Beyond moving day, think about what you’ll need to get started:
Will you need groceries and cleaning supplies right away?
Are you starting over with utilities, internet, or renters insurance?
What about commuting costs if you’re in a new area?
Having a small cushion for that first month can make your new place feel more like home - and a lot less stressful.
6. Explore Loan Options (If You Need Them)
Sometimes, even after planning, the numbers don’t quite line up. That’s okay. If you need a little help covering your move, AMG Finance is here to help with flexible loan options. Whether it’s covering a deposit, moving truck, or basic setup costs, we’re here to help.
7. Don’t Forget Your Tax Documents
If you’re moving close to tax season, be sure to bring all your important paperwork with you - especially if AMG is helping you with your tax prep. Updating your address with the IRS and making sure your W-2s and 1099s are easy to find will save you a big headache later.
You’ve Got This - We’ve Got You
Moving doesn’t have to break the bank. With some smart planning and a little support, you can step into your next chapter feeling confident and financially prepared.
And if things are a little tight? You don’t have to do it alone.
AMG Finance is here to help with personal loan options designed to fit real-life budgets. Whether it’s covering a deposit, moving truck, or unexpected expenses, we’ve got your back so you can focus on settling into your new place—not stressing over the costs.
Ready to make a move? Find your local AMG branch, and let’s talk.
