how to save for moving

Strategic Guide: How to Save for Moving with Family and Pets

Published: 14 Jun, 2023

Last Updated: 25 Jun, 2023

Serik Baimoldayev

Serik Baimoldayev

Are you contemplating how to save for moving? As an essential life event, it’s crucial to plan and prepare financially. Moving expenses can quickly escalate if not properly managed, especially with a family and pet in tow.

In this blog post, we’ll delve into effective strategies such as estimating moving costs accurately – from hiring movers to buying moving boxes. We’ll also discuss the importance of creating a budget tailored specifically for your move.

You will learn how cutting unnecessary expenses can significantly reduce your overall moving costs. Additionally, we’ll explore automatic saving methods that make setting aside money effortless.

Finally, you may be astonished at the fiscal perks connected to relocation. By understanding these aspects of how to save for moving, you’re well on your way towards making this transition smoother and more affordable.

Table of Contents:

1. Estimate Moving Costs

Moving can be expensive, so it’s crucial to estimate the costs involved before you start saving. Research the average cost of moving services in your area by contacting various moving companies with storage like SEKA Moving. Don’t forget to factor in expenses like packing materials, storage fees, and insurance.

Packing Materials

  • Boxes: Get boxes of different sizes to pack your belongings safely.
  • Bubble wrap: Use bubble wrap to protect fragile items like glassware and electronics.
  • Packing tape: Secure your boxes with packing tape to prevent them from opening during transit.

Storage Fees

If you’re in transition between homes or downsizing, it may be necessary to pay for storage fees; research the prices of local units to plan accordingly. Research storage unit prices in your area to estimate this cost or chose movers with their own storage.


While many moving companies offer basic coverage at no additional charge, consider purchasing full-value protection insurance from a 3rd party insurance provider if you’re moving with valuable items. Be assured that your possessions are safeguarded if any harm or loss occurs by taking out full-value protection insurance.

Don’t forget to factor in potential incidental costs like meals on-the-go during travel days or hotel stays if driving long distances across multiple days. Get detailed estimates, including everything from truck rental rates to final unpacking service charges.

Create a Moving Budget

Don’t let moving costs move you to tears. Plan ahead and create a budget to save money on your move.

Assess Your Finances

Figure out your monthly income and expenses, then determine how much you can realistically set aside for your move. Remember, the cost of a local move ranges depending on factors like distance and amount of belongings moved.

Be Strategic

  • Assess Your Needs: Decide if hiring local movers or doing it yourself is the way to go.
  • Prioritize Expenses: Cut back on non-essential spending like dining out or entertainment to save money.
  • Create Savings Goals: Set specific goals for each week or month leading up to the move.

Get Creative

Save money by seeking help from friends and family, selling unwanted items, and using reusable containers instead of cardboard boxes.

Remember, budgeting is not just about decreasing expenditures – it’s also about making more astute decisions.

Cut Expenses

Save money for your move by being smart with your spending. Identify unnecessary purchases and switch to cheaper alternatives for everyday items like groceries and utilities.

Track Your Spending

Use an online budgeting tool to track where your money is going. Cut back on subscriptions you don’t need and those daily coffee runs.

Cheaper Alternatives for Everyday Items

  • Groceries: Plan meals ahead, buy in bulk, and shop sales or discount stores.
  • Utilities: Save on energy bills by turning off lights and electronics when not in use, using energy-efficient appliances, and adjusting thermostat settings.
  • Sell Unneeded Items: Declutter before packing and add some extra cash into your moving fund by selling items you no longer need on eBay, OfferUp, or Facebook Marketplace.

Economize Your Lifestyle Choices

  • Fitness: Save on gym memberships by switching to home workouts or outdoor activities. There are plenty of free workout routines available online as well as fitness apps that offer low-cost subscription plans.
  • Cable TV: Consider streaming services like Netflix or Hulu which usually come at lower price points than traditional cable packages.

Remember, making smarter decisions with your finances doesn’t mean sacrificing everything enjoyable from life. Start today by reviewing where every dollar goes and making necessary adjustments. Soon enough, you’ll see savings pile up ready for SEKA Moving day.

Save Money Effortlessly

Money-saving for a move can be overwhelming, but fret not. Automatic savings plan is here to save the day.

Automatic savings is like a personal assistant that transfers funds from your checking account to your savings account on a set date each month. By setting up an automatic savings plan, you can rest assured that your finances will be taken care of without having to manually transfer funds every month.

Not only does this method of saving ensure that you’re regularly putting money aside for your upcoming move, but it also helps in building good financial habits over time.

How To Set Up Automatic Savings?

First, choose a high-yield savings account that offers higher interest rates than traditional savings accounts. This way, your money can grow faster over time.

Next, decide how much money should be transferred each month based on your income level, current expenses, and how soon the moving date is approaching.

Tips For Successful Automatic Saving

  • Determine Your Monthly Savings Goal: Based on estimated moving costs, decide how much needs to be saved monthly to accumulate enough funds by the moving date.
  • Avoid Overdrawing Your Account: Ensure there’s sufficient balance in your checking account before scheduling auto-transfers to avoid overdraft fees.
  • Maintain A Buffer: Keep some extra cash handy in case of unexpected moving expenses like last-minute packing supplies or additional insurance coverage.

Bonus Tip: Direct Deposit Portion Of Paycheck Into Savings Account

If possible, consider directing part of your paycheck directly into your designated savings account. Many employers allow splitting direct deposit between multiple accounts, making this strategy quite feasible.

Automatic savings make the SEKA Moving experience smoother by easing stress associated with manual fund allocation while ensuring steady growth towards achieving our target.

Key Takeaway: 

Automatic savings is a great way to save money effortlessly for your upcoming move. Choose a high-yield savings account, determine your monthly savings goal based on estimated moving costs, and maintain a buffer for unexpected expenses. Direct depositing part of your paycheck into the designated savings account can also be helpful in achieving your target.

5. Take Advantage of Tax Benefits

Don’t let moving expenses drain your bank account. You can save money by utilizing tax benefits. The IRS offers two deductions that can help offset your moving costs: The Moving Expense Deduction and the Home Sale Exclusion.

The Moving Expense Deduction

If you’re moving for work-related reasons, you may qualify for The Moving Expense Deduction. This tax break allows you to deduct some of your moving costs on your federal income taxes. To qualify, you must meet three tests: the Distance Test, the Time Test, and the Closely Related in Place and Time Test. Keep in mind that not all moving expenses are deductible, so consult with a professional accountant or visit the IRS website for more information.

The Home Sale Exclusion

If you’re selling your home before moving day, consider The Home Sale Exclusion. Taxpayers can potentially exempt a maximum of $250,000 (or $500,000 if married filing jointly) from their income when selling the primary residence they have owned and used as main home for at least two years within five preceding its sale. To qualify for the Home Sale Exclusion, you must have owned and resided in your home as your primary residence for at least two years of the past five.

Remember, every little bit helps when managing those pesky moving costs. So, whether you’re packing strategically, employing local movers experienced in navigating local move ranges, or taking advantage of tax benefits, you can save money. And if you need help with your move, don’t hesitate to hire movers like us here at SEKA Moving.

FAQs in Relation to How to Save for Moving

How to Save Money for Your Move

Estimate costs, create a budget, cut unnecessary expenses, set up automatic savings, and utilize applicable tax benefits to save for your move.

Is $10,000 Enough to Move Out?

It depends on your location and lifestyle, but don’t forget to consider all potential costs including rent deposits, utility setup fees, furniture purchases, and relocation expenses.

What to Save Before Moving Out

Prioritize saving funds for security deposit/first month’s rent, utility setup fees, packing supplies/moving company charges, emergency fund, and living expenses.

Is $5,000 Enough to Move Out?

It might be enough for a local move with minimal belongings, but consider additional costs such as security deposits and new home essentials.

Remember to avoid discussing specific prices for moving services and refrain from providing tax advice beyond mentioning potential benefits of certain deductions. And if you’re looking for a reliable moving company, check out SEKA Moving.


How to save money for your move:

  • Estimate your moving costs and create a budget that works for you.
  • Reduce unnecessary expenses like eating out and entertainment.
  • Set up automatic savings transfers to make saving easier.
  • Take advantage of any tax benefits available when moving.

By following these steps, you can save money without sacrificing too much and make your move less stressful.

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