At University of Maryland University College, we understand that transitioning from your military career to civilian life can be challenging. In addition to providing our students with a quality education that will arm them for success in the workplace, we also work to help our students identify, adapt to, and overcome their transition challenges.
One of the first questions facing transitioning veterans is "Where do I go now?" Some make the decision to reside in or around their last duty assignment. If that's not the case for you, however, deciding where to transition to is a question you'll have to answer for yourself. If you've accepted a job offer that requires you to relocate, that question will have been answered for you.
Either way, moving to a new location means incurring expenses. We've identified five costs to be aware of when relocating.
- Deposits: You will no longer be afforded the luxury of an advanced housing allowance to cover your security and utility deposits, and those costs can quickly add up. Research programs like those offered by Navy Federal Credit Union's Utility Deposit Guarantee Program, which provides vouchers to those who qualify.
- Auto Insurance: You may have already experienced the shock and awe of relocating to an area with a high cost of insurance coverage. Each state has its own minimum liability coverage requirements. Some states require you to purchase personal injury protection and uninsured motorist coverage. If you're relocating from an area that is not densely populated to a major city, brace for impact!
- Final Utility Bills: Make sure to notify the utility companies of your move early. If they can detect a pattern for the bills that are not a pre-set monthly amount, it may be possible to request a prorated bill in advance of your move. If not, make sure to allocate funds for this expense. Also, be aware that the final bill may go to your property owner, if you are renting. Be prepared for the cost to be passed to you, and know that it may not come to you within the first 30 days of relocating.
- Interview attire: As you prepare to enter the workforce, keep in mind the recommended interview attire for the profession you are entering. There are many organizations, such as Suiting Warriors, that provide business attire to veterans. Once again, start early to offset the costs associated with building your professional wardrobe. Remember, once you get the job, you will need more than just the one interview outfit.
- Driver's License/ Passport Fees/ Registration Fees: Relocating overseas? Many of us servicemembers have experienced the wonders of living abroad. If you are stateside and plan to establish yourself overseas for life after the military, you'll want to research and prepare early for small things that can be easily overlooked such as driver's licenses, passport fees, and vehicle registration.