How Much Money Should You Have Saved Before Moving to NYC?

Moving to New York City can be an exciting and daunting prospect. With the cost of living being so high, it's important to make sure you have enough money saved up before you make the move. According to Luke Demaria, financial advisor at Client Focused Advisors, a good rule of thumb is to have at least four months of expenses saved up before moving to the Big Apple. This will help cover the cost of rent, utilities, food, and other expenses for the first few months.

In addition to having enough money saved up, there are several other things you'll need to consider before making the move. You'll need to think about how you're going to move your furniture and other belongings. If you can't move everything with you, there may be a cost associated with furnishing your new space. You'll also need to make sure you don't miss any mail, so it's important to plan your move accordingly.

Winter is a great time to move to New York City as it is the low season for real estate and has the fewest listings available. This means that home prices are lower than in other seasons, so you can save some money on rent. It's also possible to share food costs with roommates or family members, so this should be taken into account when budgeting for your move. If you don't have enough money saved up for your move, there are other options available.

Some people take out loans or get a second job in order to save up the money they need for their move. Others choose to do freelance work on websites like Upwork or Fiverr in order to make some extra money before their move. If you're looking for moving supplies, Gorilla Bins is a great solution based in New York that offers environmentally friendly supply packages for all types of moves. You can also choose to rent something like a U-Haul if you don't want to use moving services, but it's important to consider the size of the rental and the amount of labor needed when making this decision.

Overall, it's important to make sure you have enough money saved up before making a move to New York City. Calculate your rent, average utilities, food, and other expenses for a month and save that amount four times. This will help ensure that you have enough money saved up for your move and can make it as smooth and stress-free as possible.