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Home Finance

These Budgeting Hacks Will Help You Save Big Bucks in a New City

by Arun
2021/07/01 - Updated on 2022/07/07
in Finance
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Moving to a new city is an expensive business, whether it’s for college or work. You have to pack up all your stuff, hire packers and movers, rent accommodation, travel and once you reach your new city, there are utility bills, commute expenses, groceries and so much more draining your wallet. Phew. Sounds exhausting, right? And maybe it’s making you feel a little worried about your upcoming move to a new city. But it doesn’t have to be that way. There are some tips that can make moving to a new city a whole lot easier and less expensive, and we’re going to introduce you to them today. Because no matter which city you’re moving to, your monthly salary or allowance should be enough to help you cover the cost of living in India comfortably, without feeling like you’re breaking the bank. Let’s take a look at the tips:

Research the cost of living

If you’ve been itching to move for a while, don’t just pack up and go. Find out if your destination is financially viable for you first. Do some research into the cost of living in your new city in terms of living costs, rents, travel expenses and more, so that you’re able to save up or create a reasonable budget. And don’t limit yourself to a general search either, look into specifics that will affect your life. If you don’t own a car, you’re going to need to know the public transport costs. If you’re moving with children, it might be important to know about the schools in the area and their fees. Remember, information is power so do your research before you move so that you can make a financially sound decision.

Sell unwanted items

This is another step you want to take before you hit the road. Don’t pack up your existing house completely and expect that you’ll be able to find room for everything in your new city. Instead use this as a chance to say goodbye to your hoarding tendencies. Sell or donate any unwanted items during the packing process so that you can earn some extra cash and spend less on moving at the same time. This will also ensure you have a fresh start without a lot of extraneous items cluttering up your new home in the new city. That sounds like a win-win to us.

Read more: 3 Simple Ways to Hack a Phone with Just the Number

Have a separate moving budget

Obviously you’re going to have a budget in place to help you manage your living costs in the new city, but set some money aside for the moving process itself. This will be the fund you use to pay the packers and movers, as well as any other last minute expenses you run into during moving day. You may also want to budget for the Atlanta maid service cleaning costs if you choose to use a cleaning service for moving out or moving in. Having someone else do this for you can really help to ease the stress of the whole moving process. Having an emergency fund set aside will help you feel a lot more secure about the move, and will provide you with some cash to rely on in case any of your belongings get damaged during the journey.

Opt for managed accommodation

If your new house after your move is an apartment, you’re going to find life gets really expensive really quickly. Because in a flat you’ll have to pay your monthly rent, a security deposit, and manage all the household expenses at the same time. And you don’t want to compromise your freedom by moving to a traditional hostel or PG. That’s where professionally managed accommodation providers like Stanza Living can help. Their residences offer the perfect balance of community and privacy so that you can enjoy the freedom and independence of living in an apartment with none of the hassle of household management. And unlike a PG, the rents here are all-inclusive, so you can enjoy the best of amenities without footing more than one bill.

Find budget-friendly activities in your new city

Of course, you’re going to want to explore what your city has to offer once you get there, but that doesn’t need to be an expensive endeavour. There are a lot of free or low-cost options available when it comes to exploring a new city. Check out a free gallery or exhibition at a museum or head to some famous heritage sites or public parks. Try out street food and visit local markets before you head to high-end restaurants and shopping malls. And ask your neighbours and other locals for recommendations of things you should do on the weekend. There are a lot of inexpensive hidden gems you might find this way.

And there you have it. These tips will make your move to a new city a lot less expensive and a lot more convenient. So, go ahead and try them out before moving day. Your new city is waiting for you!

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Tags: budgeting hackscost of living in indiaexpensesexpensive businesshousehold management
Arun

Arun

Arunshory is a founder of creativeshory, a professional tech & resource website. He is an avid learner and he has been blogging for several years.

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