You and your family are happy and excited at the prospect of getting a chance to live in San Antonio. But you know that you are not going there on a vacation as it is a big decision that cannot be reversed easily. This is why it is your responsibility to make sure that moving to San Antonio is a wise decision for your family. Besides emotional impacts, there are many financial impacts of moving to San Antonio that you should analyze before taking a decision in this regard.
You should know the actual cost of moving. There will be several factors affecting your income and expenses. Do not let a higher salary be the only consideration for moving to San Antonio. You should understand that moving alone costs a big amount of money. Some companies cover the costs of moving while others give a lump sum amount to pay for your moving expenses. If your company is not giving you either, it means that you are on your own.
Are you hiring the services of a professional moving company or spending your own time and effort on packing and moving? If latter is the case, you never realize how much money in terms of your own time and effort you are spending on this exercise of moving. If you assign value to your own time and effort, you will arrive at the actual cost of packing and moving. You can then decide whether it is worth taking up this exercise as DIY or giving it to a professional moving company. It helps to get quotes from several movers to be able to do a comparison between their prices and services.
In addition to the cost of moving, do not forget to find out the financial burden that you will have to shoulder in your effort to buy a new home in San Antonio. If you are living in a rented house at present, you will have to arrange the money for the down payment while the remaining money is financed by a bank to help you with the purchase. You will have to pay the monthly installments to the bank and you should keep it in mind even if you are feeling very happy about your increased salary.
If you already own a home, you need to compare the rate of interest of your current mortgage with the mortgage offer you are getting from a bank in San Antonio. Even 25 or 50 point different in mortgage rate can add a lot of money to your monthly installment, making it hard for you to manage your expenses in San Antonio.
The cost of living is different in different cities and this difference is all the more glaring when you compare the cost of living in different states. Do your homework in this regard to find out the amount of money you will need every month to live and meet your expenses in San Antonio.