Moving requires energy and organizational skills. Whether you’re just moving down the block or relocating cross-country, there is a lot to do and a lot to think about. A little planning can help you keep your finances in order throughout the process, ensuring that your statements arrive at the right address so that you can make your payments on time.
Keeping your finances in order when moving
- Keep creditors in the loop. In-person or online, the post office is usually the first stop for official change of address forms, but letting your bank and your creditors know about your move. Mail—especially bills—can be delayed by weeks or months before being forwarded to your new address. Setting up online bill payments can help you manage your bills and keep your payments up to date.
- Don’t leave without your work history. It’s often difficult to get information from former employers after you’ve left the company. Putting miles between you and an old job can make it even harder. Make sure you have copies of payment records before you move so you can readily show new creditors your employment history. Also, make sure your previous employer has your new address when tax time arrives.
- Getting connected. Getting connected in your new home will be easier if you have a clean record of paying utility and phone bills on time at your previous residence. Keep a record of your timely past payments to phone, gas, electric, and cable companies to avoid inconveniences of receiving limited service or having to put down deposits.
10 things to remember when you move:
- Let your insurance company know.
- Alert medical and dental professionals.
- Make other professional service providers aware (such as your lawyer and accountant).
- Fill necessary prescriptions and have them transferred to your new area pharmacy.
- Get records from your children’s school.
- Keep friends and relatives up-to-date.
- Find out the most cost-effective time to cancel gym memberships or forward magazine subscriptions.
- Return library books; cancel newspaper subscriptions.
- Let colleagues and networking contacts know you’ve moved.
- Keep important papers and documents with you, including birth certificates, marriage license, and deeds.
My Money Goals
Want to buy a house? Reduce debt? Scroll through the columns below and select your goal to create a plan.
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