How to get your finances in order before moving
Moving home is a huge undertaking that affects so many aspects of life in a single motion. On top of that, managing money is tough in itself. Staying on top of payments can become even more tricky with a house move on the horizon.
Moving can be expensive. It is important that your financial house is in order so that you know how much you can really afford for things like driving, truck rental or self-storage. Here are some tips for getting your money in order:
1 .Collect all relevant documents
More often than not, your documents are all over the place and before you know it, you need them as evidence of something or other. There really is no better time than an imminent move to collect them from a dusty corner and have them all organized. When the time comes to move, be sure to pack them all together in a durable plastic box or box files.
2 .Order them in date starting with the latest
It will greatly help to organize your documents into an easily understandable system that allows you to retrieve records quickly. It may be boring, but it will be worth it.
3. Sort them in a way that works for you
Some people want to keep different things apart such as water and utilities, for example while others want to keep their statements together but separated into months. You should classify them according to things like bank statements, utilities, etc to make them easier to locate. The most important thing though is to do what works for you and your lifestyle.
4. Get a good conveyancer
You can save money and time by choosing an efficient conveyancing service. For Conveyancing Quotes, visit a site like Sam Conveyancing.
5. Keep a financial planner to log
You can use a notebook for this or even go digital with financial records and designated apps. Doing this would be valuable in both the short and long term. If you have problems remembering due dates, try to look further and download a notification on your mobile to remind you when you need to make payments by.
6.Start trackers for regular payments and / or instalments
Primarily, this will help you keep track of when bills go out of your account and how much you need to ensure you have available. When you’ve had plenty of practice, putting aside money in advance and being able to pay off your bills on time can become far easier and attainable.
7. Clear all unpaid bills as much as possible
This cannot be emphasized more highly. The improvements to your credit score will be proof enough that this is a worthwhile activity. The more you can pay, the easier it will be to get a new loan, a new mortgage or credit card after you move.
8.Negotiate (or re-negotiate) required payment schemes
Understandably, not everyone is in a situation where they are unable to remove all of their debt at the drop of a hat. However, setting a structure that allows this to be more easily managed is a noble endeavour that anyone could and should at least attempt.
8 Set up a savings tracker
The important part of getting your finances in order to start saving. Once you have finished paying off your loan, you can start saving for the things you need and want. Especially with the upcoming move, it can also help to track savings for related items such as mobile services and new furniture.