Most everyone knows that moving to a new city for a job can be a costly proposition in terms of time and money. The list of things to budget for is extensive. Even the most budget-conscious of people may not remember to put aside for some things that could come up in the course of a move to Colorado Springs. If you are considering a new job in another city, here are five expenses you should evaluate as you put together a budget.
1) The cost of moving everything
If your new job is with one of the 41% of companies in the United States that does not make available some type of funds to help pay for the move you will be making, this is a bill you will have to foot yourself. Whether you hire a company to relocate your household or you decide to handle it yourself, it can be costly. Choosing the former may have higher upfront costs, but there will still be hefty expenses with the latter selection, too.
To begin with, you'll have to rent a trailer (and a hitch if you do not already have one installed on your vehicle) or moving truck to transport your things. Then, you'll have to account for travel-related expenses while you are traveling to Colorado Springs.
A do-it-yourself move may not be as expensive as hiring a professional mover to do it for you, but it will not be cheap. Plan accordingly. Discover more about the Pros and Cons of DIY Moving here.
2) The cost of traveling to a new location in Colorado Springs
Speaking of traveling…
This was mentioned briefly above, but the cost of traveling to a new location should be taken into consideration when thinking about a move. If you are planning on driving, you need to account for food, gas, lodging, and tolls, if applicable, as well as set some money aside for vehicle repairs in case there is a flat tire or worse in transit.
Even if you hire a moving company and plan to fly out ahead, there is still the cost of airline tickets. Either way, you will need to spend some expense to get to Colorado Springs.
3) The cost of temporary housing in Colorado Springs
If you do not have permanent housing lined up when you arrive in Colorado Springs, you will at least need to make arrangements for a place to live temporarily while you look for something more permanent. It may be a hotel, or a month-to-month lease on an apartment, but it is one thing you need to take into consideration. Another matter should be the cost of storing everything you do not need while you seek.
4) The cost of living in Colorado Springs
The compensation package you are being offered may be ten percent higher than what you are currently being paid, but how much will that matter if the cost of living is eleven or twelve percent higher in the town you will be relocating to? Assess what you'll be shelling out there for things like groceries, transportation, and insurance to what you are shelling out currently to see what the difference in costs of living could cost you.
5) The cost of leaving your caring community and creating a new one
No, this cost is not a monetary one, but it is vital to think about when you are relocating for employment. Unless you are a recluse, you have a community of people where you are at this moment that probably consists of family, friends, and co-workers. Relocating to a new city will sever some of those relationships and make others more difficult to preserve. It can take considerable amounts of time and effort to build similar ties in a new place, so prepare yourself correspondingly.
