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Starting a Moving Fund

May 13th, 2016 at 06:09 pm

Now that the EF has hit $20K, I am starting a Moving Fund. I will be holding off contributing to the EF further and funneling that money into the new MF. I know that we still don't know anything about DH's contract situation, but I am going to plow forward like we do. If worst comes to worst this money will just end up being dumped into the EF to live off of.

My goal for the Moving Fund is to save up $2500. I think I probably only need $1500, but I always overestimate things like this and then if I need more I have it. We'll need to be able to rent the biggest U-haul for 3 to 5 days and to pay the mileage variance for several trips, plus insurance.

We'll likely be eating out during that time period at least once a day, possibly twice or at least getting deli meat and chips for sandwiches, so I'll need to have money for that. I'll need $400 set aside for utilities for my mother, to pay for the final month after we move, since the bills will be for the previous month.

I'll need around $200 for piano movers. Maybe less if we don't go as far as the next county, but it'll still be $150 if we move in county. (And I'll need money for a month later when it will be tuned as that is how long the thing has to settle before it will hold a tuning).

Of course we'll need gas money above and beyond the norm, both for the U-haul and for the van. And we may or may not need deposit money for new electric, gas or propane, garbage, and internet hook-ups. With our credit history we shouldn't, but who knows?

I'd rather be over prepared than under prepared. Anyway, so the opening deposits are these:

$24.50 Coin Jar and Egg Money
+20.65 Remainder of normal EF Monthly Deposit
---------------
$45.15 Opening Balance

$2454.85 to go.

3 Responses to “Starting a Moving Fund”

  1. ceejay74 Says:

    I forget, are you planning to do a 20% down payment when you buy? What's the price range for the types of places you're interested in?

  2. LuckyRobin Says:

    I was, but I think we are going to go with 10%. We are looking in the $350K range.

  3. FrugalTexan75 Says:

    Sweet!

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