Whether you’re a plan-out-every-expense mover or go the swipe-the-card-ask-questions-later route, the toll that moving takes on your finances always seems to be bigger than you were expecting.
Unfortunately, there’s no one culprit to watch out for. Moving comes with a lot of expenses, and many of them seem to end up costing more than you bargained for. But if you know what to look for throughout the process, you can at least budget accordingly — and hopefully even make your move a little cheaper.
Hidden fees from moving companies
You might be tempted to go with the cheapest hourly rate or estimate when picking a moving company, but that’s not always the price you’ll end up paying. There are typically a number of extra fees that are included in the final bill….Continue reading….
By: Joe Supan
Moving, or moving house, is the process of leaving one’s dwelling and settling in another. The new location can be in the same neighborhood or a much farther place in a different city or different country (immigration). It usually includes packing all belongings, transferring to the new home, unpacking, and administrative or bureaucratic tasks, such as changing registration data. An expatriate is an individual temporarily or permanently relocating to a country other than their native country. The individual relocating would be considered an immigrant in their new country.
On the Holmes and Rahe stress scale for adults, “change of residence” is considered a stressful activity, assigned 20 points (with the death of a spouse being ranked the highest at 100), although other changes on the scale (e.g., “change in living conditions”, “change in social activities”) often occur as a result of relocating, making the overall stress level potentially higher. Various studies have found that moving house is often particularly stressful for children and is sometimes associated with long-term psychological problems.
Pressure points for international assignees include challenges of a new job, inability to participate in activities available at home, loss of peer support, language and other cultural difficulties, and worker’s spouse being unable to find work. Relocation may be supported by a relocation service, which assists people in finding and moving into a new house, organizing a school for children, conducting local culture training, and supporting integration into the new location and culture. Some jurisdictions subsidize relocations. Some target remote workers to enhance the local workforce and tax base.
There may be a legal requirement for individuals to notify authorities of a change of address if they maintain a driver’s license or vehicle registration, voter registration, are on parole, or are eligible for conscription (as with the Selective Service System). Some loans require the borrower to notify the lender of address changes. In the United States, moving companies must provide the customers with a booklet “Your Rights and Responsibilities When You Move” created by the Federal Motor Carrier Safety Administration (FMCSA). Immigration law impacts the requirements and feasibility of moving to another country.
Pettit, Becky (2004). “Moving and Children’s Social Connections: the critical importance of context” (PDF). Sociological Forum. 19 (2): 285–311. doi:10.1023/B:SOFO.0000031983.93817.ff. S2CID 143933600 – via Springer Science+Business Media.
Roman, Beverly D. “Relocating Our Smallest Movers”. Families in Global Transition.
Patel, Mitesh (2017). “Expatriate mental health: Breaking the silence and ending the stigma” (PDF). Aetna.
BERLINER, URI (20 December 2020). “You Want To Move? Some Cities Will Pay You $10,000 To Relocate”. NPR.