Moving to another country is a big step and it affects a lot of aspects of life. A decision like this is not easily made, and it’s not easy on the wallet either. Moving can be very expensive. Managing money is not an easy task, and it can become more frustrating as the day of your international relocation approaches. It is important is that your finances are in order before planning and booking a move, because that way you know how much you can set aside and pay for a moving truck rental, movers or self-storage. The last thing you want during such a stressful time is for unexpected expenses to arise or for your finances to cause you additional problems. In order to help you go through the relocation process stress-free, My International Movers have decided to put together some tips to get your finances in order before and during your move and ensure a peace of mind.
- Round up all of your important documents
A lot of the times (more often than not), your documents are not all in one place, but scattered all around the house. Of course, you know where almost each and every piece of documentation is, but what if you need it right away as a proof of something or something else? Will you be able to find it all in the quickest and most efficient way possible? It’s best to keep your relevant documents in one place, so at least you don’t have to worry about them at all. There really is no better time to round them all up from all around your soon-to-be-ex house or apartment and organize them properly. When it’s time to move, don’t forget to pack them close to you and in a safe place.
- Organize your documents by date and start with the most recent ones
This puts order into your documents and arranges them into an understandable system that will allow you to retrieve a record without much trouble. It may seem tedious or unnecessary, but it will definitely be worth it when the time comes.
- You can also organize them in a way that best works for you
It’s all about what you are used to and about your routine. Some people are used to a certain system that they found works best for them, and if that is the case with you maybe you should stick with it. Maybe you don’t like to mix your phone bills with your water and gas charges, so you keep them separate. Maybe you like to keep all the bills together. Whatever works for you best is the key to prevent you from additionally stressing out, as long as you have a system of your own that works, and you can access any document immediately if necessary. A good way of grouping your documents is according to type (utilities, banking statements…) so that they are easy to categorize and locate. Just do what suits you and your lifestyle needs best.
- File your documents
Another great way of putting your documents in order is filing them, and labeling the folders clearly. All you need is a hole puncher, a couple of ring binders, a couple of dividers (approximately one for each month) and start filling them in in the already-arranged groups. You can use a marker for the labeling to mark the content of the folder and the year clearly. Try to continue doing the same thing even after you move home, and file every bill or new document as it arrives and/or is paid. You should also have the folders somewhere where they will be visible or easily accessible like a shelf or a cabinet or a designated drawer.
- Have a planner for your responsibilities
Any notebook would be good for this, although maybe you should choose one with a hard cover so that it doesn’t get ruined. You can even use your computer for things like this using note-taking or finance apps. By doing this, you will not only help yourself in the short term, but it’s also good in the long run. If you are forgetful and often miss due dates or deadlines, it’s always best to write them down or maybe even set up a reminder on your phone to notify you five days before your bills are due.
- Start a tracker
Another useful advice is to start a tracker for recurring payments and installments. There are a lot of helpful tricks to how to set this up. First of all, this is going to be of assistance for better tracking of when bills recur and how much money you should make sure you have. After a while, when you get some practice and get the hang of it, it will be pretty easy to set aside money in advance and clearing and paying your bills on time will be possible and doable.
- Clear all unpaid bills as much as possible
Pay extra attention to this, because this is really important. The more bills you can pay before you start your international relocation process and have additional responsibilities and bills to pay, the more stress-free it will be to get new services once you move.
- Payment schemes
Of course, not everyone can afford to just clear all of their unpaid bills and pay off their debts straight away or at once. You can negotiate your payment schemes or re-negotiate if needed. Arranging structures that can make this easier to manage is definitely something you can and should at least try.
- Track your saving
Starting to save money is a very important part of getting your financial state in order. You want to make sure that before the big day of your residential relocation, your finances are not only in order but you have also saved up some money that can help you in your new home. So after you pay off your loans, you better start saving! Tracking your savings can also be useful and effective when it comes to your relocation, so try setting developing this new habit as soon as possible.
- Track your expenditure
You can set aside 15-30 minutes every day to do this, log all of your expenses daily or just take a minute after your purchase to record or write it down. In addition, you could try getting all the receipts for each purchase to help you along. Moving can be pretty chaotic so you want to ensure that at least your finances and savings are in order and you know exactly where you spent each dollar.
If all this sounds a little too complicated, don’t worry. My International Movers will be at your disposal throughout the whole process of international relocation. If you choose us as your moving helpers, you will be able to contact our representatives and ask for advice at any given time. Our relocation professionals will be with you every step of the way. Call My International Movers right away to get more information.