A lump sum relocation allowance is the money your company gives you to put towards your move – so why is this so great?
In stating the obvious, it gives you a budget to work to (which isn’t your own money) to cost out how much your move will be. Moving abroad isn’t cheap, so if your work has asked or offered to relocate you, they should be contributing to it.
The allowance is usually a lump sum, which means you can control where it’s spent. And whilst it might be tempting to save a little behind, we highly recommend spending the money where it’s needed for you (and potentially your family) to move.
So what should you be considering into the costs of your relocation allowance? And how do you budget so that you can have a little leftover at the end?
*If you do not have a lump sum relocation allowance, why not use these tips to fit with you own allotted budget?
Car hire is a flat rate, and should be on your agenda for when you land. The easiest way to get used to the roads and cars is by hiring a car first. If you’re moving from the US to Europe, the small cars and winding, country roads will take getting used to. It’s worth finding your footing before going from a Chevrolet to a Fiat 500!
Always check the insurance policy and ask after any extra costs before booking your hire car.
There are a number of things to consider when booking a flight – would you rather save money and fly with a stop-over? Or would you rather take a stopover but book an upgrade? If your flight is short, would you rather book with a basic airline, or if it’s a long one, are you willing to budget a bit more for a higher quality airline?
Flight prices change [literally] every day, but due to the stress of moving abroad, we always recommend making your flight as comfortable as possible. When the big day arrives, the last thing you want is to spend an extra $100 on baggage. Booking through an airline with all-inclusive meals and baggage is more likely to save you money.
If you manage to control yourself at Duty-Free, your flights will be easily covered and you can potentially request to upgrade your seat if you find you have some money left over and want to treat yourself!
If you’re moving abroad and your departure or arrival airport is not local to your home, you may need to budget for a night in a hotel.
Hotels are priced per night, we highly recommend staying at a hotel which is easy to get to and find – especially on your first night in a foreign country. If you’re not in a huge rush to move in or are in temporary accommodation initially, you may want to find a central hotel, so you can spend a couple of days exploring.
The one area you do not want to skimp on, is your moving company. Finding an affordable, reliable moving company is a huge task so it’s always worth doing your research thoroughly.
If you’re quoted a price online or on the phone, always be on the lookout for companies that quote your move based on cubic foot or by weight. The chances are, you won’t be sure of its volume or weight until everything is in the back of the container – which can leave you with a very nasty cost surprise at the end of your move.
To avoid being left with expensive extra costs, use a moving company who has fixed prices for crates of particular sizes.
This way, you are paying for the size of the company’s crate, rather than the amount of belongings you have. You can chop and change your mind as much as you like. UPakWeShip’s motto is if it fits, we’ll ship.
UPakWeShip U-Crates and pallets come in two different sizes, and we will tell you from day one how much each one will cost via our online quotes. The price is all-inclusive, and with the measurements on our website for customers to view, you can practice loading and packing in advance.
Spend wisely and move safely with UPakWeShip, find out the price of your international shipment right now on our website.