How to Save Money When Moving

Tips and tricks to get from point a to point b.

Hawaii will always be home. But whether you’re relocating for a new job opportunity, returning to raise a family, or upgrading from a Makiki condo to a Mililani house, moving for locals can be costly. Sure, you can treat your Tacoma-driving buddy to a plate lunch to help you move, but big relocations may include a moving company, a rental truck, packing fees and supplies, postage costs, and more.

But there are ways to take some financial stress out of moving. Here are five ways to save on moving so you can focus on your fresh start.

Tidy up and Toss Things

The biggest thing you can do to save on the cost and hassle of moving is to reduce what you move. That means tossing or donating what you don’t need. And when it comes to throwing out what you don’t need, tidiness expert Marie Kondo says, “Ask yourself if it sparks joy.” If those stacks of magazines or decades-old dress shirts don’t make you feel anything, it’s time to let them go. Keep what matters to you and move forward toward your exciting future.

Start Selling

While some of your items no longer give you joy, that doesn’t mean they can’t bring joy to someone else. Whether it’s a garage sale, a Craigslist or Facebook Marketplace listing, or simply posting it on social media for your friends, selling your unwanted stuff can earn you a little extra money for your move.

Do Your Research

If you’re hiring a moving company, shop for the best prices and the most reputable companies. Prices change, services differ, and you don’t want to get mixed up with an unreliable mover when your most valuable possessions are at stake.

Save on Boxes

Chances are you’ll need a lot of boxes for your move. And tallying up those boxes can add a lot to your moving bill. So, be creative in finding boxes. Check the office, reach out to friends and family, ask at “big box” retail stores, or check out a recycling drop-off point.

Get a Moving Loan

Most people will charge extra moving costs on their credit cards. But if you have a high-interest rate and are only paying off the minimums, those costs can add up in the long term. That’s why applying for a moving loan or relocation could save you money. A moving loan is an unsecured personal loan that gives you fast funding and offers you lower interest rates depending on your credit. Predictable monthly payments are also great for budgeting. How much you borrow will also force you to create a reasonable budget for your move. And planning ahead with a budget may be the best thing you can do to ensure a smooth move.

Before your next big chapter, visit a Central Pacific Bank branch and talk with one of our helpful loan officers to see how they can help.

Learn more about CPB Personal Loans