Parents Moving out and Moving in
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Moving Out More Costly than You Think!

This was an unplanned post. I had lunch with a friend a few weeks ago and he made some comments that I’ve been thinking about for weeks.

My friend is a therapist and as long as I have known him he has been taking trips and vacations to exotic places. He’s been anywhere and everywhere.

I had not seen him for about 6 months and I asked him about his latest trips. What he had to say seems to have hit me as a great truth but its one I had never thought of.

He told me that he had just returned from a trip to see his parents. He told me that he had not been on a vacation type of trip for over a year.

My friend explained that between birth and as late as 25 years old your parents take care of you and take you on trips and you are their center of attention. From 25 through about 50 years you do your own thing enjoying life and go on trips for your own pleasure and you and your family/job are your center of attention. Then in middle age you end up taking trips to see your parents as their health is failing and they become your center of attention.

During this last stage people often end up either moving out and moving in with their parents again to take care of them in their old age. Another option is that your parents move out and move in with you instead.

Over the last few weeks I’ve noticed that a number of my friends who are in their middle age are experiencing the exact same situation as my therapist friend.

If you have not taken some time to think or plan for this situation then I would suggest you at least think about it.

If you are a young person, enjoy yourself and  make the best of things. When your time comes to lend your parents a helping hand you’ll know that you have had your time and for 5 years or so you’ll be busy with your parents in one way or another.

You’ll be giving back for all the support and love you got from your parents. They will surely appreciate it more than you’ll know until you yourself enjoy the same thing from your kids one day.

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Should I Move it or Sell It?

If you are new to moving then you are in the process of putting together a moving out checklist. Your probably thinking that to pack all the things you are moving is the way to go. Well, a moving pack would be a great find to help with this but I have not found a good one yet.

A common thought is should I pack it for moving and send it/move it to where I am going or should I sell it.

My advice is almost always Sell It if you are moving a great distance and paying for a moving service. This goes double if you are moving a car. Moving companies are very expensive but they get the job done very efficiently. However, the cost will often be more to move the item then to buy it again when you get where you are going.

An example: My friend decided he was moving to Indiana. He started packing everything he owned (and he owned quite a lot of stuff). He packed his children’s toys, he packed all his books, he packed his tools, he packed his bedding, he packed all he furniture, he packed up EVERYTHING. By the time he was done he had a full size 40 foot conex totally full and then started mailing boxes of his stuff because it was cheaper than using a moving company and getting another conex.

You may be wondering, how much does it cost for moving all that stuff? Well, in his case it was over $16,000. Imagine what you can buy with $16,000. Of course he was moving from Alaska to Indiana but even then, $16,000. Yikes!

Next he decided to ship a car (actually, it was a mini van). How much does it cost to ship a car? Well, its a lot. Especially from Alaska. If I remember correctly, it was something like $5000. In my experience, you can buy a pretty decent used mini van for $5000. They are not the most sought after vehicle on the planet. Good used ones often sell for $5000 or less.

So, he shipped the car for $5000 and he still owed about $7000 in it so he just took a $5000 vehicle and paid $12,000 for it. Now I ask you, should you move it or should you sell it? He would have been far better off if he had just sold it at a loss and then bought a new one when he got to his destination.

To make things worse, he bought a motor home to move his family and move his animals. Plane tickets would have been $2500, maybe $3000 with the two dogs. The motor home cost $18,000. The trip (which took weeks) was another $6000 easy. That’s $24,000 for a trip that he could have made for $3000!

Well, he gets to his destination and after they get moved in to their new place, he decides to sell the motor home. After a long time trying he finally sold it for $8000. Thats a $10,000 loss on his purchase and makes the total cost of moving the family $16,000 and thats on top of the $16,000 he paid to move his house stuff.

I ask you, would you move it all or try and sell everything that wasn’t a family treasure and just purchase what you need when you get where you are going?

When I move out the next time, I’m moving out with the bare essentials. Its a great opportunity to shed a bunch of the junk you have collected over the years.

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