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How to Move Away Without Leaving Your Finances Behind

July 24, 2018 | By Louis Tully

We’ve all heard the typical American tale of a young person who rashly decides to leave their small hometown behind for something more. Their determination to chase after their dreams despite having near-empty pockets and no real plan is contagious. Though it always seems to work out in the movies, one would say this is hardly a good idea. You can’t rely on installment loans if things don’t work out. If you’re grappling with the idea of leaving everything behind to find a new life somewhere else, one might say you better have a job lined beforehand (or at least an interview). But what are the real pros and cons to making these big moves and how can we ensure that we’ll even be successful? Here’s a few tips that may help you decide how to go about relocating somewhere new.

Choosing A Location First

If you’ve got the itch to move far, far away, it helps to narrow down exactly where you want to go first. Though it might not seem very adventurous, it’s a smart move, and one that you’ll probably thank yourself for down the road.

So, if you’re contemplating your moving destination, here are a few questions you should ask yourself:

  • Where do your loved ones live? Even if it’s just one person, this can greatly help you determine where to set your course before the big move.
  • Can you take your job with you? Depending on your job, you may be able to transfer to another office or store location. Knowing your transfer options could also help you decide where to move. For those of you who work remotely, the sky’s the limit.
  • Are their career opportunities where you’re going? If there’s a particular city that has a promising job waiting for you, then it’s a safe bet that that’s where you should go.
  • What kind of location do you prefer? Try thinking about where you’d like to be. The suburbs? The big city? Out in the country? Take some time to think on your location preferences and then try to find cities that match up with what you want.

Why You Should Find a Job First

While you may be anxious to move now and look later, migrating to another town without securing a job first could spell trouble for the days ahead. Now, it might be easier to take the leap if you have a big savings account backing you up, but even so, you don’t want to risk draining all your savings before you’re able to pin down a job. After all, moving can be a pretty expensive venture all on its own. The average cost of moving out-of-state is $5,630 according to the American Moving & Storage Association. That’s a lot of money to spend after leaving your job! This is why finding a job before making the move is more than critical. It’s essential.

Overall

While it’s great to have a forward-thinking idea like moving to a new city in a new state, it’s still really important to pace yourself and make sure you carefully plan ahead. Know where you want to go, figure out what you’d like to do, and be sure to lock down a secure job before making the move. Though it might take away from some of that exciting feeling of being adventurous, be rest assured, it’s the best way to go when starting a new chapter in a new home.