How to save money while moving

There are plenty of ways to save money while moving! If this is something that interests you, read through my best tips on how to save money while moving:

Choose a home that is less expensive

An obvious way to save money while moving? Find a home that is less expensive. No matter if you are renting or buying, you can always choose a home that is less expensive than your current option. If you have built up equity in your current home, that also helps a ton, as well!

Declutter and sell what you do not need

Before you move, start gathering some unneeded items that are still valuable enough to sell. Consider if these items are worth the time, cost, and headache to move. If not, sell them and pocket the cash for moving expenses. Some decisions are easier than others, like selling the television set that no one uses anymore. Then, there are more difficult judgment calls. You may love the piano you grew up learning to play on, but if you rarely spend time playing it, it may make sense to sell it to a home that can enjoy it. Once you’ve made a mental note of all the items you’re not going to be packing, it’s time to figure out how you’re going to get rid of these pieces and make the most money on them possible.

You could:

-Have a yard sale

-List them on Facebook marketplace, poshmark, Mercari, Craigstlist, etc.

-Check with your friends to see if they need any of the stuff (you could barter!)

Hire Professional Movers

Fresh Start – The Moving Crew – Warwick is a RI-based professional moving team that can ease your worries, time, and stress. While hiring movers does require a cost upfront, I believe that it will save you so much time and effort that you will be able to do other things that you need to do while they are moving. As you knock your tasks out faster than you would have if you moved yourself, you will overall save yourself time and money. Even if you need to move your business, they can help because they are Warwick commercial movers too! They have fantastic reviews, high-quality training, and they are ready to serve you. With branches in Warwick, Springfield, & Worcester, they are able to serve the entire New England area with ease!

Think long-term when it comes to your home purchase

Sure, while it would be nice to spend less on a down payment, you also want to think long term. When you are putting down less initially, you will end up paying more long-term because of private mortgage insurance, more to pay down on your loan, and sometimes, a higher interest rate. Think about your move long-term and figure out a way to save money on the bottom line, not just upfront. Not sure what private mortgage insurance is? Let me explain! If you borrow more than 80% of the value of your home, you normally have to pay for private mortgage insurance (PMI) to protect the lender. PMI typically costs between .5% and 1% of the loan amount. So if your loan balance is around $140,000, you could be paying as much as $1,400 for PMI just this year.

Use credit card offers for home interest

This is more of a unique way to save money while owning a home…and it’s definitely not for everyone, but definitely consider it if you are looking for ways to spend less and if you are very, very organized. If you ever get 0% interest offers when it comes to credit cards, use them to reduce the mortgage loan interest that you pay. For example, suppose you’re paying $400 extra monthly on your 5% mortgage loan and you can get a card with 0% interest for the first year and a 2% fee the convenience checks (often this is 3% or even 4%). Here’s what you can do:

-Step 1: Write a check to your mortgage servicer for $5,000 (that’s approximately what those $400 payments add up to in a year) and pay the $100 fee.

-Step 2: Put the $400 that was going toward the loan into a savings account each month and pay the minimum on the credit card from it.

-Step 3: In a year (when the promotional rate ends), use the savings account to pay off the remaining balance on the card, and put the rest toward the mortgage loan.

This is called “stoozing” and it is best done only if you are organized and really disciplined. You have to make sure that you are able to pay off that interest, on time, so that you do not get charged interest.



  • Lauryn R

    These are great tips on how to save money while moving! I always try to get rid of and sell what we no longer need. I have never hired movers before but it would definitely relieve a lot of stress for me. It’s hard work moving!

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