February 6, 2023

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3 Savvy Ways to Save Money When Relocating to a New State

3 Savvy Ways to Save Money When Relocating to a New State

Relocating to a new state can be expensive, but you can still save money when you make a move. There are a few ways to help offset the expenses of your move by living on a budget. This article aims to provide you with three savvy methods of how you can save money when moving to a new state.

1. Downsize

When you relocate to a new state, you may pay more rent than before. This could be because of rising costs, but it could also be because you have moved into a bigger space. In this case, downsize your possessions. This paves the way for lowering your monthly expenses and makes it easier to save money when it comes to finding a suitable place to live.

The next step is to think about the other areas of your life that may be expensive. You can save money by not renting a car when you relocate. This saves money on gas, taxes, and insurance. If public transportation is available in your new city, use it! This is an easy way to save yourself money while also helping the environment. If you purchase a monthly pass, it can provide far more savings than driving each day. In addition, many cities offer free shuttles in tourist areas or from one business district to another.

2. Take Advantage of Advance-Paying Your Utility Bills

Utilities can include water, electricity, cable, and telephone services. Sometimes these could be included in your rent or mortgage payments, but only sometimes. If you don’t want to get stuck with a high bill at the end of the month, start another savings method by making one simple phone call. Call your current utility provider to see if they offer a “bundled rate” for multiple services. If so, see if you would receive a one-time discount or better rates when getting multiple services from one provider.

The next step is to call your new city’s utility provider to see what kind of rates they offer. Many cities have one main utility provider, while others have multiple companies that you can choose from. Do your homework and compare each company’s services and plans so you can find the best deal.

3. Work out a Payment Plan with Your Landlord

If you pay your rent on the first day of each month, and if you are relocating or moving because of work, see if your landlord will give you some time to get settled in before having to start paying rent again. This is a helpful way to save money during a time that could be stressful. If you know other people who are faced with the same situation, you could be able to come together and offer to split the cost of a security deposit or first month’s rent for someone. This can make relocation much more affordable when working with friends or family.

In conclusion, relocating to a new state can be hard on your budget, but it doesn’t have to stay that way. With some planning and budgeting, you can make the transition less expensive than you think.