What is SIP Top up and how it works

With times, your income levels change due to annual increase in salaries or business income, leaving surplus money to invest. A mutual fund SIP Top-up allows you to increase the SIP amount annually by a fixed amount or as percentage over the original SIP amount. Mostly SIP top up can be done with minimum Rs 500 annually or 5-10% increase on the original SIP amount.

Let us understand through an example –

Mohanraj wants to start a monthly SIP of RS. 20,000 for 20 years to build his retirement corpus in a mutual fund scheme. To arrive at this amount he used a SIP Calculator to know the amount required to be saved on assumption of 11% annual returns. SIP calculator shows that he can create a corpus of approximately Rs 1.75 Crore against an SIP investment of Rs 48 Lakhs during the 20 years period.

What if Mohanraj decides to Top-up his monthly SIP mutual fund investment amount by 10% every year?

He can create a corpus of approx Rs 2.82 Crores against an SIP investment of Rs 93.60 Lakhs. That means an additional corpus of over Rs 1 Crore by increasing the monthly mutual fund SIP by only 10% annually.

SIP typeAmountAnnual Top Up %SIP TenureTotal Amount InvestedCorpus Value at end
Normal SIP20,000020 yearsRs 48.00 LakhsRs 1.75 Crores
SIP -Top Up20,0001020 yearsRs 93.60 LakhsRs 2.82 Crores

 (Notes: 10% Top-up amount on Rs 20,000 SIP means that every year the amount will increase by Rs 2,000. For example – First year Rs 20,000, second year Rs 22,000, third year Rs 24,000 and so on…)

Advantages of Top up SIP

Easily fights inflation – As inflation consistently erodes the value of your money, it is advisable to raise the mutual fund SIP contributions at least equivalent to the inflation rate if not more. Therefore, when you are planning the goal amount you should input the expected inflation rate in the SIP calculator.

Higher savings as income increases – Your income increases annually so if you top-up your mutual fund SIP annually by the expected increase in your income, then it auto adapts to your rising income.

Operational convenience – No need to start a new SIP account when your income increases. Fill up the SIP top up form while starting the SIP and it is done. The mutual fund company will increase the SIP amount every year automatically.

Reach goals faster – From the above example we saw how your SIP mutual fund investment can increase the target corpus amount. The other way to look at it is that you can reach the goal earlier than planned.

Invest in SIP and use the top-up option which can help you build a superior corpus faster and accelerate the journey to reach your goals. It also helps your annual savings keep pace with inflation while striking the right balance between discipline and flexibility.


What is Corporate Turnaround?

There are times when a company or organization finds itself in a period where they have performed poorly. After this period, the company often has to move into a corporate turnaround. The business may not have been in decline, but it may have stagnated. Either of these periods may require the company to go into a turnaround. This period can bring stability to the organization after a period of instability. For a turnaround to work, the business has to accept its position, acknowledge the problem, have a willingness to change, and work to create a strategy to solve the problem. 

Michael Canzian and his company understand the importance of turnarounds because they create an opportunity for the business to move into a period of improvement after a significant decline. In some cases, this involves restructuring to become profitable and stable for its future. 

For a business to truly begin a turnaround, they must study all aspects of the organization, including management, current tools to identify the problem, and existing strategies to solving problems. There are typically two types of causes for a decline in an organization. These are external causes and internal causes

External causes are usually prompted by an external event or activity. No matter how well a business functions, external causes may have devastating impacts that require the business to reassess its current operation, even if it appears to work. These external events include new competitors. Competitors that are aggressive in the same market can cause a downfall for an organization. Increased pricing also impacts the organization. When the costs of supplies go up, it may force the business to increase their prices to make up the difference. When demand changes, it impacts an organization. There may be a reduction in demand that has nothing to do with the organization. For example, the economy may affect business operations. If customers do not have the money to purchase products, then sales go down. 

Internal causes are directly related to the business and failure inside the organization. This could be due to management, resources, or employees. Mismanagement is a significant reason for the failure of an organization. Poor financial decisions such as poor control over the budget or improper forecasting are ways that the finances of a business can quickly get out of control. Trends come and go quickly, and when a company does not pay attention to the trends, it can push your business into a significant decline. 


How To Manage Your Finances

Before you head over to find out what Maxlend reviews have to say, you should consider changing your relationship with money. It’s essential for you to limit taking out a loan anytime when you’re strapped for cash. Not only is it a bad habit to have, but it also affects your credit profile. As a result, you end up using whatever little money that you should be saving to pay off your short-term loan interest. If you’re tired of mismanaging your money, you’re not alone. This is why using these easy, yet helpful tips should benefit you. Keep on reading to find out more. 

Have a Budget and Use It

It’s easy to say that you don’t need a budget. Nobody wants a reality check of listing out what they spend on frivolous things. You’re no exception. The guilt when you see how much you spend monthly to keep up with your latte cravings should shock you. Yet, if you want to find an effective way to manage your money, creating a budget is the most important step. 

But it doesn’t end there. You should use your budget. Yes, don’t wait for it to sit there and collect dust after you’ve spent hours writing it. You should be using your budget monthly. This is the easiest way to get yourself into the habit of using your money wisely. 

Limit Spending too Much

This is likely the most crucial part of your journey towards financial freedom. You should ensure that you know how to limit overspending on things that aren’t essential. This doesn’t mean that you should splurge on what you consider essential. If you have any money left after you pay your expenses, you should think of putting this money into your savings. This doesn’t mean that you shouldn’t enjoy having some money after you pay your expenses. What you should be doing though, is limiting yourself from any spending that you haven’t budgeted for. 

Track the Money You Spend 

One of the easiest ways to overspend your money is when you make small purchases here and there. This is why you should start tracking how you spend your money. It should help you to make better decisions and to reach your financial management goals sooner than you think. The simplest way for you to achieve this is by using a journal to record everything. Be sure to keep your receipts so that you can categorize them into different expenses. This way, it should be easier for you to focus more on the areas where you’re spending the most money. 

Don’t Create any New Expenses 

Knowing that you qualify for a loan because of your income and credit score makes it easier for you to get into unplanned debt. It’s always essential for you to avoid visiting the bank to find out what loan you can qualify for. I’m most cases, creating new expenses is the simplest way to mismanage your funds. Even though it’s exciting knowing that you qualify for credit that you didn’t expect, you should remember that you can use the money you’ll spend on the repayments on something else. 

In summary, you don’t have to be a financial expert to make your money work for you. You just need to make sure that you’re committed to making better financial decisions. In the end, the rewards of your consistency are far greater than that daily trip to Starbucks for your latte. You’d be surprised to find out how much saving a bit of money can help you with your savings journey in the end. 


Responding To the Covid-19 Pandemic: Financial Services Industry on The Crisis

Financial services industry firms are learning essential lessons on how to manage crises and plan for contingencies during this period of the COVID-19 pandemic. Firms have started relying on institutional memory, creativity, and lots of hard work to ensure that their workforce is safe, and that daily business is going on. Nonetheless, a few trends can help the firms rebuild to continue playing a huge role in economic re-growth. These trends include:


As a result of lockdown, people have embraced services such as online banking to help reduce the spread of the virus. The pandemic has diminished the traditional customer-centered operation due to the lockdown. Therefore, firms have had to guarantee the same level of support and services as they shift to digital tools.

The lockdown has increased mobile and online banking use, and traditional customers are requesting phone and video-call support. Ultimately, this will increase investments in remote and digital abilities, particularly regarding commercial banks.

Agile Workforce

The pandemic has reduced old models of crowded spaces in the office significantly. Working from home helps the productivity in teams to increase or remain stable, as the employees have the flexibility to work while doing other tasks. However, there are several challenges in the management of teams, and there’s a high demand for new skills. Relationship managers use video calls to engage with customers, and trading experts use online platforms to manage deal flows.

Through his financial service industry firm, Cane Bay Partners CEO recently launched the transitioning of employees to work from home, which helps build a more agile workforce. The move has helped to keep the crew safe while meeting business needs. If more companies joined in such a move, the firms would record increased productivity, thus more sales.

Employees prefer a flexible working environment, a critical motivator to their productivity. Employees say that they get fewer distractions and short breaks while working remotely. Therefore, they enjoy the added perks, including the flexibility to take care of their families. An agile workforce can also reduce the cost of office space and improve the ability to access a geographically diversified talent pool.

Flexible Innovation Approach

Some companies still believe that the pandemic will pass, and they can move back to their pre-COVID world. With this solid fidelity to traditional business practices, a company may miss the opportunity to transform their reimaging infrastructure, workforce organization, rethinking products, and offering services. Companies that embrace the new digital solutions have a safe approach to innovation and will be more ready for an uncertain future.

Firms can use contingency planning to outline a sequential course of action. Contingency plans work together with crisis management plans, explaining a firm’s process to respond to and manage the crisis.

As society reopens, the real-time experience of this worldwide pandemic has made organizations understand how to evaluate and enhance their capabilities. There is an increased need to improve the existing resilience plans in a company by having better plan coordination, regular simulation exercises, and a lot of comprehensive documentation.

The COVID-19 pandemic has influenced the decisions that firms make regarding their workforce, work patterns, and locations. Most CEOs believe that the benefits include increased access to a diverse talent pool as there are no restrictions to a single office location. Although companies are responding differently to the crisis, many organizations globally are joining hands and innovating to reduce the impact on public health and limit the interruptions to the economy and supply chains.


5 Ways Financial Planning Helps Small Business Owners

Running a business is time-consuming and involves understanding a wealth of fields. Owners have to multi-task, considering everything from managing employees and investing profits.

For many people, the financial end of a company is complex and confusing, especially as it involves numerous technicalities. Doing it yourself could be overwhelming and suck up the time needed in other areas. A financial planner could offer some relief. Their services supply the following benefits.

1. Assess Expenditures and Savings

Sometimes it’s hard to maintain a line between business goals and personal investments. When profit comes in, are you likely to put it back into the company, or are you interested in using it to enhance something at home? By working with professionals in financial planning for small business owners, proprietors gain expertise. Someone looks out for the company and can remind you about looking at the operating budget differently than a personal bank account.

2. Balance Your Holdings

Profit is essential, but so too is having enough assets in your company. The financial planner oversees the entire portfolio to see if money is placed in appropriate areas to assist future growth and current expenditures.

3. Handle the Yearly Taxes

Tax laws shift regularly, and it can be a great deal for people to understand. Professional financial planners stay up to date on the current codes. Allowing the financial planner to complete the taxes alleviates you from the stress, freeing time to concentrate on other areas. In addition, this specialist may be aware of ways to reduce your tax expenses, saving you money.

4. Prepare for the Future

In looking over the books, your financial planner thinks of the past, present and future, assessing what you should do to start thinking about retirement. As a small business owner, it’s hard to get out of the present. You may be focused on today’s work or what is getting done tomorrow. However, this expert sees a benefit to looking further ahead and could show you ways to prepare for your future.

5. Assess Risk Factors

The planner evaluates the establishment’s risk factors, putting together plans to reduce their impacts. The financial representative thinks about what you can do to lower the risk of loss and interference from natural disasters to cybersecurity breaches.

While you may want to maintain control, some things could be completed better with outside help. A financial planning service takes over various elements so you can focus on operations.


How & When To Make Money From Shorting Bitcoin

The possibility of making a profit by short-selling Bitcoins intrigues numerous investors to take the risk. But is it an effortless process? Investors keep wondering how to short Bitcoin in the most convenient way possible. Well, in simple terms, short-selling is the process of buying Bitcoin when the price is low and selling it when the price hikes. The problem is, this simple procedure is highly complicated to maneuver. Many factors influence shorting Bitcoin, and investors need to take care of every aspect to make money from it. Let us understand how to short Bitcoin and when is the perfect time to do the same.

How To Short Bitcoin: Learn Effective Ways

One can use different strategies to learn how to short Bitcoin. The fundamental and technical analysis of the short-selling process helps us understand the effective ways to apply these strategies.

Use The CFD Method

CFD (Contract For Difference) trading means shorting Bitcoin by creating a contract between two traders, wherein they both agree to pay/receive the price difference. So, if a buyer forms the contract when the price of Bitcoin is INR 5 lakh, and the price hikes up to INR 10 lakh, the buyer has to pay INR 5 lakh (the difference).

Go For The Direct Sales

If one wants to learn how to short Bitcoin most easily, they should go for direct sales. It means one can buy Bitcoin when the prices are low and then sell them when the market rises. This process is less risky when a trader knows how to judge the market conditions.

Choose Margin Trading

Investors who do not have any monetary backup can utilize a margin trading strategy to short Bitcoin. In this case, traders can borrow money from brokers and use it to buy Bitcoins and then sell them in a short period to make more money. This process is extremely risky as one may have to repay the money from his pocket if the market does not pick up!

Use Futures Trading Method

Every investment industry has a futures market, and the Bitcoin market is no exception to it. Here, investors who are learning how to short Bitcoin buy a futures contract with the expectation that Bitcoin prices will rise in the future. So, when the contract expires, they can buy Bitcoins below the market price and sell them at the prevailing rate.

Try Prediction Market

Prediction markets allow investors to predict the rise and fall in the prices of Bitcoins. This market is not preferable for beginners as they are less likely to understand the nature of the market. It can be a risky move as they are still learning how to short Bitcoin.

The Binary Options Trading Method

Binary options trading has two ways of short-selling Bitcoin, “put” and “call”. The put option allows an investor to sell Bitcoin at a certain price even when the price changes in the future. Call option lets them buy Bitcoin at the said price until the predefined expiration date of the Bitcoin.

Know The Perfect Time To Short Bitcoin

The perfect time to short-sell Bitcoin is when an investor is sure that he can sell the “borrowed” Bitcoin at a lower price. Traders can become successful by finding trends and following the market condition without compromising their strategies. It is crucial to do the technical and financial analysis before making any move. The critical people have a higher chance to succeed as short-seller.

Investors can choose any of the given ways to learn how to short Bitcoin. But if there are any doubts and confusions about taking the risk, it is better to take the help and assistance of a certified advisor. Shorting Bitcoin is beneficial only when one becomes successful in analyzing the process.


Here’s How You Can Perform Self-Inspection for Your Car Insurance Renewal

Owning a car carries its fair share of responsibilities, one of the most critical of which is ensuring that it has a valid insurance policy. Therefore, you must purchase and renew your car insurance policy on a timely basis and avoid delays. You can purchase or renew your car insurance policy online by selecting a policy of your choice, calculating the premium amount through the car insurance calculator, and completing the purchase.

What is a Car Inspection?

Car inspection is the process of ascertaining the condition of a car, particularly during the course of the insurance policy renewal for a car. There are two main types of car inspection: car self-inspection and third party inspection. While a car self-inspection is carried out by the owner of the car, a third party inspection is conducted by the representatives of the insurance company.

When is a Car Inspection Required?

Car inspection is required in the following circumstances:

  1. Your existing car insurance policy expired and was not renewed within the grace period
  2. You switch from a third-party insurance policy to a comprehensive insurance policy
  3. During the claim settlement after an accident involving your car
  4. You instal a biofuel kit, CNG kit, or an anti-theft device in your car
  5. You buy a policy for a used car

However, a car inspection is not required if there is no gap between the expiry of a policy and the renewal/purchase of a new policy. If you buy a third-party coverage policy, a car inspection is not required.

Steps to Self-Inspect Your Car Before the Car Insurance Renewal

The process of a car self-inspection depends on the renewal procedure of the insurance company that has issued your four wheeler insurance policy. Although there are a few differences in the processes of different companies, you can perform self-inspection for the renewal of your car insurance policy by the following steps:

1. Understand the self-inspection process of your insurance company

Firstly, you must visit the official website of the insurance company of your choice and read their policy with regard to car self-inspection. Then you can decide whether you have the necessary equipment and the technical skills to carry out the aforementioned inspection.

2. Download the mobile application of your insurance company and submit the required personal details

You have to download the mobile application of the selected insurance company to initiate the process of self-inspection. Then you must submit the relevant personal particulars in the car self-inspection form, including the vehicle registration number and your name and address. If you are already registered in the database of the insurance company, a majority of the aforementioned details will get fetched once you enter your vehicle’s registration number or your contact number.

3. Record a clear video of your car

The most important step in a car self-inspection is to record a clear video of your car from all angles in accordance with the guidelines mentioned in the insurance company’s website or mobile application.

4. Submit the car self-inspection video

After ascertaining that the video you have recorded covers all the important angles of your car, including a clear view of the registration plate, you must submit the video on the selected insurance company’s mobile application.

If the insurance company is satisfied with the quality and authenticity of the car self-inspection conducted by you, they will proceed with the renewal of your car insurance policy; otherwise, you will have to repeat the process.

Benefits of Opting for Self-inspection of Your Car

 Car self-inspection has the following benefits:

1. Saves time

If you opt for a car self-inspection to renew your car insurance policy online, you save a lot of time in the process. You are not dependent on another person or their schedule or preference to carry out the inspection.

2. Easy process

Conducting a car inspection yourself is a fairly simple procedure, and it requires just a mobile phone or a good camera. You just need to ensure that the video of your car is captured in adequate light and from all the necessary angles.


There are several insurance companies in India that offer a comprehensive selection of four-wheeler insurance policies that can be purchased online. You can purchase or renew a Tata AIG car insurance policy online and save time.

You can conduct a car self-inspection and proceed with the renewal of your car insurance policy online in a convenient and time-efficient manner. As it reduces the processing time for the renewal of your policy, you get to use your car again quickly.


Why Mergers and Acquisitions Are Ideal for Businesses

Although there are several ways to expand your business, mergers and acquisitions come at the top of the list. Notably, very few enterprises get to the top of the curve without conducting one or more mergers and acquisitions.

The relevance of acquisitions in expansions is explainable by the many ambitious firms that put up professional teams whose role is to explore potential acquisitions. If done well and thoughtfully, a suitable merger and acquisition strategy comes with outstanding benefits. Aubrey Ferrao is an example of an entrepreneur with a successful history of mergers.

6 Benefits of Mergers and Acquisitions for Business Expansions

Economies of Scope

There isn’t a single expansion method that brings economies of scope to your business, as mergers and acquisitions do. Of course, even organic growth, which is by far the safest, does not come close when it comes to improving your scope. Facebook, for example, immensely improved its scope after completing the acquisition of WhatsApp and Instagram. Economies of scope enable businesses to tap into larger client bases.

Economies of Scale

Arguably, the most significant reason for M&As lies in boosting economies of scale. It gives your business extended access to capital and better bargaining power with prospective partners and distributors. Also, effective mergers guarantee higher volumes at lower costs. Undoubtedly, more prominent companies enjoy advantages that their smaller counterparts cannot enjoy.

Increased Market Share

You can drastically increase your market share with a sound acquisition strategy. For example, Fiddler’s Creek golf Aubrey Ferraro boosted his market share by acquiring Pelican Bay Property. A geographical footprint is of great importance when seeking acquisitions. You can aim to increase your market share within your location or desire to create and maintain a market share in a new area.

Access to Fresh Talent and Expertise

You cannot downplay the significance of fresh talent you will bring on board after a successful acquisition. Ideally, many purchases come along with everything the business had, including staff. Carrying out new recruitment for a full-fledged branch is challenging, costly, and time-consuming. But it helps a great deal if you can acquire a team of qualified, talented, and experienced staff in one go.

Faster Way to Expand

While organic expansion strategy is safer and more stable, it can take several years to achieve your goal. However, an acquisition is a faster way of achieving your goal of increasing your scope and scale and transforming your expansion mission from a long-term objective to a short-term one. If you put your eyes out for possible risks, you will surely come up with a bigger and more stable company in no time.

Create Synergies

Creating a synergy implies bringing together two or more businesses to form a stronger entity. The two businesses complement each other and can command better power and more remarkable performance. It would take you a long time to achieve that organically.

There are more advantages of considering acquisitions and mergers. But from the six benefits highlighted above, you can make up your mind on whether your business needs a merger or not. If done correctly, acquisitions can be very beneficial for your company.


Signs That You Need A Small Business Accounting Software

Successful small business managers often wear a lot of hats and perform different duties. Accounting is one such extremely important yet often overlooked task needed to keep the small business running and thriving. This can be time-consuming and even tricky at times. Further, incorrect accounting can present many challenges in the future, with only little for you to do to overcome those challenges.

The solution, in that case, is to move towards small business accounting software. The best accounting software for your small business will aid you in all the financial activities and ensure that you have enough time to focus on the other important aspects of your business.

If you are confused about whether or not your small business needs accounting software, you are in the right place. Here are five signs for you to look for in your small business, and switch to accounting software if you notice any of these signs!

Sign #1: Increased workload

More workload undoubtedly means that your business is flourishing, but it also means that you need to prioritize time and resources to generate more profits. Initially, this might seem like an easy task. However, as your business grows, so will the duties that you need to take. In such a scenario, working on the financial management aspect of your business becomes a big task, especially since you will already have a lot on your plate.

Suppose you switch to using software for all your small business accounting needs. In that case, you will have a tool to aid across all the aspects of financial management – from receipt scanning, expense management, automated bookkeeping and invoicing, and much more. Accounting software is easy to set up and operate. It provides you a bird’s-eye view of all the aspects of your business’s financial health – thereby ensuring that you’re up-to-date with the finances even amidst an increasing workload!

Sign #2: Soaring company expenses

Your business expenses grow alongside your company. Whether it is to accommodate more sales, partnering with vendors, hiring and retaining staff, or investing in marketing campaigns; as a result, your business will have a lot more payments and financial transactions to monitor. If not managed properly, all of these expenses can lead to increased taxes and fees at a later date.

To help you with that, accounting software manages all of your financial documents properly, allows you to scan and save receipts in real-time, and ensures that you have all the documents you need to save your taxes!

Sign #3: A greater number of bookkeeping responsibilities

Storing and organizing receipts, managing bills, recording transactions are only some of the bookkeeping responsibilities. These duties, too, evolve as your business grows. As a result, you can expect your bookkeeping responsibilities to only increase with every passing month. Manually taking care of all these responsibilities is not only difficult but also borderline impossible.

Using small business accounting software gives you a lot more flexibility in this aspect and allows you to focus on other important responsibilities while taking care of all your bookkeeping duties.

Sign #4: Inability to meet legal needs

Apart from managing expenses and revenues, small business owners also need to consider legal compliance and taxes. As your company grows, you will have an increasing number of rules and regulations to abide by, and you’ll need to report your finances and present documents accordingly. If you are managing your bookkeeping needs manually, this will become a monumental task.

Small business accounting software brings a breath of fresh air by guiding and helping you across all your legal needs as well. Using small business accounting software, you can rest assured that all of your financial documents will be easily searchable and retrievable so that you can access any document that you need for legal purposes.

In conclusion

If you are either currently experiencing these signs or are anticipating them for the near future and you want to switch to a small business accounting software, click It’s easy to set up and use and saves you a lot of time, energy, effort, and eventually – money!

Pick the best small business accounting software for your company today!


Tips to Budget Moving Expenses

Moving is a very stressful event. It’s not just packing and loading your belongings in the car, but also have to plan for the logistics of where you are going to move them when they arrive at their destination.

What are some tips for budgeting moving expenses? Read on to find out! This article will provide an overview of how to prepare for a move financially and what steps should be taken during the process. In addition, it will cover common mistakes that people often make when planning a move- which could result in running into unexpected costs or getting scammed by dishonest movers. You must know these things before starting your search because this way, you’ll have more time and energy left to devote to finding the perfect home!

Things to Do Before You Move: Budgeting for Moving Expenses

The first thing you need to do is determine how much money you need for the move. The best way for estimating the cost of moving is by listing all of your expenses. For example, figure out everything it will cost you to move your car, boxes, and furniture. Next, consider how much it will cost you to have the movers load and unload them at each end of your journey. In addition, include costs for cartons for packing fragile items, food costs for the trip (if you’re driving), or meal deliveries if you’ll be renting a moving truck, gas, and tolls if you have to drive long distances.

After that, it’s a good idea to determine how much you’ll need for the packing supplies (such as boxes, tape, markers, bubble wrap, etc.). It may seem like a lot of money, but it’s better to have enough and not need it than to run out and have to make a return trip.

After you’ve made a list of everything, add up all those costs together and then deduct them from the total amount you’re getting for your house or apartment. If there’s money left over, Congratulations! Now you can use it for something else like furniture or a vacation (or maybe even a new house).

But if there’s not enough money for the moving expenses, you’re going to need to start looking at your budget and trying to figure out where you can cut down. See if you can move some things in with friends or family members. Ask your employer about switching shifts so that you have more money left over for the move. Figure out what you can do to get more money: sell your old furniture, find a better-paying job, or even possibly start a side business (like babysitting). If necessary, take on a second job and cut down on some of the luxuries in your life- vacations, eating out at restaurants too much, getting your car washed, etc.

Common Moving Scams to Avoid: Budgeting for Moving Expenses

One of the biggest financial mistakes people make is signing a contract with a moving company before checking out their credentials. There are thousands of dishonest movers who want to rip you off by charging too much or even stealing from you. Conducting a thorough check on the company’s history and credentials is very important.

Here are some things to consider during your research: how long has the company been in business? (the longer- the better), do they have any complaints posted online by former clients yet? (if there are many of them, you might want to consider that), and finally- how long will it take them to move you? (if the company tells you that they’ll be able to do everything in 24 hours, chances are there’s something suspicious going on).

If a company charges too much or says that it can do things overnight, it should raise a red flag. Take your time and do your research. Read online reviews (and if there aren’t any- consider that a red flag as well). Check with the Better Business Bureau to see what their reputation is like.

If you’re not comfortable with the price, don’t be afraid to negotiate with them or find another company altogether. Remember that they want your business just as much as you want theirs. If a company is charging too much, chances are another one will charge less, so don’t feel trapped into accepting whatever they’re offering.

Always try to stick with a reputable mover and remember that it’s better to be safe than sorry!


Budgeting for moving expenses is not as hard as it may seem. There are a few things you need to keep in mind when making your list of expenditures, and the first thing you need to decide on is how much money you can put aside for this particular budget item. You will also have to determine where exactly you would like to move and estimate the cost of moving your belongings from the old location to the new one. Once you’ve made a list, it’s time for some research.

After pricing out several moving companies in your area, you should be able to come up with an accurate budget that will cover any expenses related to this move, but if something is missing from your budget- be sure to add it in. You might not know exactly what you need and may not have even considered all the expenses associated with a move but run through this list a few times to make sure that you haven’t missed anything because any small oversight could end up costing you big bucks.