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Budgeting for moving expenses at the end of a marriage

Planning to end a New Jersey marriage involves a substantial number of decisions, many of which must be made in a very short period of time. The outcome of those decisions will impact the lives of both spouses for many years to come, for better or for worse. Proper planning is critical to a favorable outcome, especially when it comes to relocating and setting up one's new home. Budgeting for a move is an important consideration at the end of a marriage.

The most obvious decision that must be made is whether to rent or purchase a new home. Many spouses choose to rent for a year or so after their divorce, and are wary of adding house hunting to the already overwhelming list of things to address during their divorce. Finding a rental property that is in a good location and is in line with the post-divorce budget is the first step. It is important to budget for utilities, security deposits, renter's insurance and any change in commuting costs from the new location.

The moving process itself is another consideration that must be factored in. Determine whether to hire a moving company or take a DIY approach to moving into a new home. Be sure to include lesser costs such as boxes and packing supplies and items that will be needed to set up the new place. These may seem like minor expenses, but things like shelf liner, cleaning supplies, paint and window blinds can really add up. Having a comprehensive list of anticipated needs can help keep spending in check, and make it easier to prioritize expenses.

Moving into a new home can be a stressful process, but it is also an exciting time. For many New Jersey spouses, this is the first time in many years that they have had the opportunity to set up a home to suit their own tastes and needs, without having to compromise with a partner. With the right blend of motivation and planning, moving can be the silver lining at the end of a marriage.

Source: cheatsheet.com, "Getting a Divorce? Avoid Getting Blindsided by These Unexpected Costs", Sam Becker, July 31, 2017

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