Moving house, whether you're renting or buying, upsizing or downsizing, or relocating for the first or fiftieth time, can be an exciting yet costly process. To help you navigate the move without blowing your budget, the team at MOVE Bank has compiled our top money-saving moving hacks. Discover where to cut costs and where it pays to invest when setting up your new home.
1) Make a budget and stick to it
Speaking of blowing the budget…
One of the easiest ways to overspend during a move is by not setting a clear budget. We recommend using a spreadsheet to track everything, from removalist fees to electricity connection costs and new furniture purchases.
If you're moving out for the first time or into a larger home, break down your budget by room to help plan your spending effectively. This approach will ensure you prioritise essentials while keeping costs manageable.
2) Second-hand doesn’t mean second best
A tight budget doesn’t mean you have to sacrifice quality. Platforms like Facebook Marketplace and Gumtree are goldmines for high-quality, second-hand furniture and appliances.
Consider buying big-ticket items such as fridges, washing machines, and dining sets second-hand. You’ll often find near-new items at a fraction of the retail price. If you love DIY, you can refurbish or upcycle pieces to match your style while saving hundreds.
3) Weigh up the cost of storage
Found an amazing bargain but not moving in just yet? Whether you're building a new home or waiting on renovations, storage costs can add up quickly. Before committing to bulk purchases, weigh up whether the savings justify the cost of hiring a storage unit.
4) Plan for your first night in your new home
It’s easy to focus on the big picture and forget the little things that make the first night comfortable. Essentials like toilet paper, a towel, clean bedding, and a phone charger should be packed separately and easily accessible. And for dinner? Takeaway on paper plates is a perfectly acceptable move-in meal!
5) Spend on the important things
While saving is important, certain purchases are worth the investment:
- A quality mattress: A good night's sleep is priceless.
- Home security: If you're living alone or want peace of mind, smart security cameras and alarms are affordable and easy to install.
- Personal touches: A few cushions, a cosy throw, and some greenery can instantly make a house feel like home.
6) Measure twice, buy once, return never
Before making big purchases, double-check that furniture will fit through doorways and in designated spaces. Fridges, sofas, and beds are common culprits for sizing issues. If you’re moving into an existing home, use masking tape to map out furniture placement before buying.
7) Call in a few favours
If you have friends with utes or extra muscle to help move boxes, take advantage of their generosity! Moving with friends can be faster, cheaper, and a lot more fun. A pizza shout for their efforts is an easy way to say thanks.
8) Protect your home and what’s inside
Home and contents insurance should be a top priority before moving day. Whether you need to update your policy or take out a new one, ensure your belongings are protected from day one in your new home.
Need cover? Get a quote online or speak to our Insurance Specialists today on 1300 362 216.
By planning ahead and being strategic about your spending, you can make your move smoother and more affordable. Happy moving!
This blog post is for general information purposes only and is not intended as financial or professional advice. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product or other professional advice. You should seek your own independent financial, legal and taxation advice before making any decision about any action in relation to the material in this article. Railways Credit Union Limited trading as MOVE Bank ABN 91 087 651 090. AFSL/ Australian Credit License number 234 536. Insurance is issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. Consider the Product Disclosure Statement, available on our website or by calling 1300 362 216, to see if the product is right for you. You should read the PDS and all policy documentation for all the conditions, exclusions and limitations of this policy that limit or exclude cover.
