Monthly Archives: August 2015

The Financial Implications of Moving to a New Home

Whether you are a first-time mover or you have tried it a few times, you may not have the idea of what exactly you have to consider before you move to a new home. There are several financial implications to take into consideration- especially the ones that most people have not thought of. Here is a list of some of the lesser known expenses of movie.

Utility Deposits

One of the things that many new movers fail to plan for is utility deposits. Even if you are just transferring your services, it is very likely that you will still have a small fee for the switch. If you are a new customer, however, you may end up paying $100 or more per utility. Keep this in mind and be sure to set money aside for this before you move. If you want specific amounts, call the utility company far ahead of time to fit it into your budget.

Replacing What was Left Behind

Often, it is easier to put some things in the trash or sell them in a yard sale than to bring them as you move between cities or states. Before making the decision to pitch something, remember to account for how much it will cost for the thing you intend to replace it with. Some bulky items (such as the pull-out couch that is never used) may cost more to transport or store than they would to replace.

Miscellaneous Groceries

Often, the cupboards of our home is stocked full of various spices, canned goods, pasta, and other relatively non-perishable items that we have taken granted over the years. Additionally, our fridges often have condiments, dressings, and more that we consistently pair with meals and snacks.

Even though these types of things are often taken for granted, it can take as much as $100-$200 per week for a few weeks until you actually start to build up your grocery supply again. If this is an issue, than it may be a better idea to think before you throw out the contents of your can and spice cupboards.

Miscellaneous Household Items

Another thing that is often taken for granted is cleaning supplies, light bulbs, toilet paper, and more. The cost of these items can really add up, especially if you have to purchase them all at once. Unfortunately, it can be rather dangerous to transport chemicals and lightbulbs, so this is not something you can bring from your old home.

Instead, budget at least $100 to stock up on these essentials, maybe more. You can get a better idea of a budget by going room to room and making a list of all you need to buy. Don’t forget about garbage cans, storage containers, hair products, and similar items.

 

If you have thought of these expenses, great job! You are on your way to becoming an experienced mover. If not, don’t worry! Now that you know what expenses to plan for before moving to your new home, you can prepare.

Resources:

Movers NJ – WannaMoveIt.com

Wikipedia – Moving Home

Tips for keeping your books in order

fpQT15K3If you run your own business, you’ll know how important it is for you to keep your books in order. I know 5 other business owners and sadly not all of them regularly keep their books in order.

As well as making life a lot easier for yourself, making sure everything is as it should be is just good practice. If you’re not sure how to keep your books in order, or you’re struggling, read the tips listed below.

Register your business

This is a priority as the government and similar organizations need to know that your business exists. This is so you can pay taxes and it could even mean your business receives much-needed funding too.

 

Keep all of your receipts

All of your business-related receipts should be kept hold of and recorded. It doesn’t matter how small those expenditures are, they need to be accounted for.

 

Get a business account

Ask your bank for a business account, and see what they can offer you. Some businesses are eligible for overdrafts, loans and other facilities.

 

Hire an accountant

If you’re not able to do the work yourself, or it would just take up too much time, then hire an accountant. Find one that is registered and has a good reputation. Remember to add your accountant’s bill to your company expenses.

 

Keep things simple

When it comes to doing your accounts, keep things as simple as you can, even if you’re passing paperwork on to an accountant. You won’t need any fancy accounting software, just have a book that has a column that shows your income and another for your expenditures.

 

Save money for taxes

Chances are you’re going to have to pay taxes. Rather than getting a nasty shock at the end of the financial year, why not set a specific amount of money to one side each month? This will ensure you find the tax bill less of a burden.

 

Get things done on time

It’s so important that you meet deadlines, if your books need to reach your accountant by the end of the week, make sure they do. If you find you don’t have enough time on your hands, hire a company like Ameridial who will do a lot of work for you, while you concentrate on your books.

 

Ask for payment

If a customer owes you payment, then make sure you chase it up. If you did the work in question, you’re entitled to the agreed payment. Trust me, asking for money will get easier over time, and in reality you need it to help keep the company profitable.

Bear all of the above tips in mind, and you’ll find that it’s a lot easier to keep your books in order.