Compensation

How do you spend all the relocation dollars?

Walmart.com ILoveBlind
Dec 3

The new company is giving roughly 20k in moving misc expenses via reimbursement and they will also move the entire household items for free.

How do you guys creatively use up all those dollar amounts when relocating?

comments

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  • Compass / Eng
    FUPayMe

    CompassEng

    PRE
    Google
    FUPayMemore
    Ask your landlord to give you an invoice for the full 20k and have your company REIMBURSE you for that as the relocation.
    Dec 30
  • LinkedIn Wolverine5
    I got my relo check *after* I was already moved in and settled. Bought some computer parts and a new personal MacBook to replace my aging Dell Latitude
    Dec 31
    • Tesla / Data
      Hiphipnope

      TeslaData

      PRE
      Apple, Nokia
      Hiphipnopemore
      Winning!
      Dec 4
  • Target / Eng.¯\_(ツ)_/¯
    Interesting. Most companies pay for the relocation and make it taxable income, and in addition allow provide an allowance (which is typically just taxable dollar amounts you are given)
    Dec 32
    • Blue Cross Blue Shield NewGrade
      You can deduct the money you spend on relocating when you file taxes
      Dec 3
    • Mentor Graphics / Sales
      NotWhite

      Mentor GraphicsSales

      PRE
      Cadence, Synopsys
      BIO
      A Siemens business..
      NotWhitemore
      Not anymore - Trump
      Dec 3
  • Facebook QgLd56
    Check the fine print. In some cases, any moving budget you don’t use for actual moving is still yours to keep. So don’t blow it on random stuff just to spend it down.
    Dec 30
  • Salesforce Yale’s
    Federal Tax
    State Tax
    Dec 30
  • Intel Stillwater
    Security Deposit, which is sometimes 2x one month rent.
    Dec 30
  • Cisco Unicorn11
    Get some high quality electronics and appliances - most of your stuff from where you moved will have different voltage/plugs so also legit.
    Harman, Bose... 20k is pretty Easy to spend - knowing from experience...
    Dec 42
    • Target / Eng.¯\_(ツ)_/¯
      What? You’re... not making any sense.
      Dec 4
    • Cisco Unicorn11
      Electronics and appliances counts towards your relocation, but maybe only do so if there is a different voltage - US has 110V and Europe has 220V for example so for us our relocation terms allowed us to buy electronics and appliances.

      Second, you mentioned you struggle spending all that money in your relocation package. My point was that it is not hard to spend the money at all if you invest in high quality brands such as Harman and Bose when you are shopping for electronics.
      Dec 4
  • PlanGrid / EngJVnF30
    A new, good mattress and bed frame can add up a lot too.
    6d0
  • Tesla / Data
    Hiphipnope

    TeslaData

    PRE
    Apple, Nokia
    Hiphipnopemore
    20k isn’t a lot - especially if you are moving to the bay, and even more so if you are taxed on it. Flights, temporary accom, shipping, new furniture, first months rent, bond (sometimes up to 8 weeks).
    Dec 30
  • Microsoft / Product
    Brazuka

    MicrosoftProduct

    PRE
    Bain & Company
    Brazukamore
    Rent?
    Dec 30

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