Are you anticipating a big move in the future? While moving to a new place – whether across the street or across the country – is exciting, it is also a huge expense having many unexpected costs that pop up along the way. Pursuing a structured settlement buyout before your big move can get you the cash you need to ensure your move is as successful and easy as possible, with plenty of financial cushion. If you’re currently receiving payments, a lump sum might be the way to go.
Benefits of a Structured Settlement Buyout
A structured settlement buyout offers you a large sum cash amount in exchange for future payments remaining on your structured settlement. Instead of receiving your money in small amounts over a long period of time, you can receive a large amount all at once, allowing you to explore financial opportunities not previously available. Life can get expensive, and unfortunately, living paycheck to paycheck is a reality for many.
A structured settlement buyout can provide you with the financial safety net you need to make life easier and help achieve your goals. If you’re planning on moving, whether it’s to start a new job, receive specialized medical treatment, retire to a sunny climate, or to simply get a fresh start, the costs of moving can add up. Receiving a structured settlement buyout can help you mitigate the costs.
Here are some other helpful tips to make your move as smooth, successful, and cost-efficient as possible.
1. Perform Your Own Real Estate Search
Hiring a real estate agent can save you the hassle of searching for a new home, but it will also cost you money. You can save by conducting your own search online and viewing properties yourself. With thorough research and a little bit of effort, you can successfully find the perfect home for you and your family while keeping real estate commissions in your own pocket.
2. Find Alternative Sources For Furnishings
The first thing everyone wants to do when they move into a new place is to rush out and buy new furnishings. While you might want to decorate your new space so it feels like home, you don’t need to spend a fortune. Take a look at websites, such as Craigslist, where you can find ads for used furniture at reasonable prices. Often times, the furniture “like new” and can be purchased for a fraction of the retail cost as owners are anxious to sell. Another way to save on furnishings is to ask your friends and family for hand-me-downs. Often, the people closest to you have furniture they just don’t have room for sitting in basements, garages or storage lockers—most would be more than happy to pass those items off to you for cheap.
3. Plan Your Own Move
While moving somewhere new is exciting, there’s nothing fun about the move itself. Packing is a tiresome hassle and the actual move is strenuous. It can be tempting to simply give in and hire movers, but you can save yourself some serious money by rolling up your sleeves and performing these tasks yourself. For packing, consider stopping by your local grocery store and asking for used cardboard boxes instead of purchasing expensive moving boxes. On the day of your move, invite friends and family over to help relieve some of the burden. Most will be happy to pitch in for a case of beer!
4. Pre-Plan For Small Expenses
Sometimes, it’s the small expenses that can really end up costing you in the end just by their sheer number; this is especially true when it comes to a move. Costs such as having your mail forwarded, new uniforms for children starting at a new school, or signing up to new clubs and fitness centers can quickly add up, and are costs many neglect to include in their moving budget. The best way to prepare for these expenses is to plan for them. Take the time to think through all the small expenses you will need to cover and include them in your overall budget so there are no surprises.
The excitement of a new move can easily be overshadowed by the cost, which can add up quickly and overwhelm budgets. Don’t start off your new move in a deficit; do your research beforehand, practice money-saving tips, and receive a structured settlement buyout to help cover those unexpected expenses that challenge even the most thought-out budgets. For more information, call RSL Funding today at (800) 543-6513 or request a quote online to find out how you can get the most money from your structured settlement buyout.