5 tips for relocating on a shoe string budget

Published on November 23rd, 2020
  Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
Our authors

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

At Savvy, our mission is to empower you to make informed financial choices. While we maintain stringent editorial standards, this article may include mentions of products offered by our partners. Here’s how we generate income.

Relocating takes time, and if not budgeted for, can cost a considerable amount of money. Finding convenient ways to pack up your life and relocate with one swift move requires planning and budgeting, even if you are operating on a shoe string budget. Here are five handy tips that can help you relocate without busting your budget.

1. Create a packing timeline

Planning out your move can be a good stress reducer and it can also give you a course of action that will make relocating easier. Planning a packing timeline can also show you what needs to be budgeted for in terms of cleaning material, heavy duty boxes, and hiring people to help you pack up and move. Doing something when you are organised will also help you avoid overspending, and can help you compare your options to find one that is affordable for you.

2. Create a budget

Consider checking the various expenses that come with relocating. This can help you create a realistic budget and also push you to be a bit creative in terms of things that you can do yourself. When creating a budget always remember to create a budget that will cover the costs to move your things from your current home and the costs of setting yourself up in your new one.

Holding a yard sale can also help you boost your finances and clear out space by getting rid of things that you no longer use or need. For the hoarders out there, it will be best to have a friend who will be able to wrench that thing you don’t need out of your clasp. It’s going to a better place.

3. Clean as you go checklist

Taking stuff out and throwing them in piles is the easy part. Cleaning it all up can make anyone want to take refuge under the covers and deal with it tomorrow. To avoid delaying your process of moving which can lead to a rushed frenzy where mistakes can be made and costs can accumulate, clean as you go. Try packing one area at a time and as soon as you are done with it clear it up. It can help reduce the amount of cleaning and can also help you avoid going back and forth to see if everything has been packed.

4. Get the right finances

If you are planning to move across states then you can consider taking out a relocation loan that can help you shoulder the costs. Even if you have sworn by the frugal living book that you will run everything on a ‘do it yourself’ schedule, you might need a financial boost. With a wide range of relocation personal loans to choose from, you can compare your way to one that has the best low rate for you.

5. Reach out to friends or family

If you have a shoe string budget when it comes to relocating, then the next best thing that can help you move with ease is friends and family. This will come in handy especially if you are travelling a long distance to your next home. Friends or family members can help you reduce the cost of having to spend money on accommodation and food, but always remember to ask. Also, plan out your travel time so that you can spend more time with your family and friends.

Did you find this page helpful?

Thanks for your feedback!

This guide provides general information and does not consider your individual needs, finances or objectives. We do not make any recommendation or suggestion about which product is best for you based on your specific situation and we do not compare all companies in the market, or all products offered by all companies. It’s always important to consider whether professional financial, legal or taxation advice is appropriate for you before choosing or purchasing a financial product.

The content on our website is produced by experts in the field of finance and reviewed as part of our editorial guidelines. We endeavour to keep all information across our site updated with accurate information.

Approval for personal loans is always subject to our lender’s terms, conditions and qualification criteria. Lenders will undertake a credit check in line with responsible lending obligations to help determine whether you’re in a position to take on the loan you’re applying for.

The interest rate, comparison rate, fees and monthly repayments will depend on factors specific to your profile, such as your financial situation, as well as others, such as the loan’s size and your chosen repayment term. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, aren’t included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate.

In this article

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on pinterest

Looking for a personal loan?

Compare personal loan lenders with Savvy and get approved today!

* Terms and conditions and lending criteria apply.

Smart money saving tips

Subscribe to our newsletter.

By subscribing you agree to our privacy policy

Compare personal loans today

We’re here to help you find the most affordable options, so there’s no better way to compare personal loans and rates than right here, all in one place.

Related articles

We'd love to chat, how can we help?

By clicking "Submit", you agree to be contacted by a Savvy broker and to receive communications from Savvy which you can unsubscribe from at any time. Read our Privacy Policy.