Here's a quick way to move content around a Word document without having to cut, paste, move to the new area, make room and paste!
This works with single lines, paragraphs, bulleted and numbered lists.

Click your cursor to the left of the content and (in this order) hold down the alt key and then the shift key. With both the keys still held down move your arrow keys up or down. Word will not only shift the content up or down but will also make room for the content in it's new home!