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5 Useful Tips for Paying Your Rent on Time

Getting your rent paid on time can be incredibly stressful, especially if you find yourself in a financial pickle. That being said, there are always ways to fight back and find that extra cushion you need to get the rent paid in full. To help those that are struggling to do so, here are five useful tips for paying your rent on time: 

1. Use Automatic Payments

Automatic payments are perfect for helping you keep your finances in order. Trying to remember every payment you owe is a surefire way to end up with late fees, and worse. If you’re able to, ask your landlord about setting up automatic payments for your rent as well. Especially if you are hit with harsh late fees and penalties if you miss paying rent on the exact day it’s due, it’s worth setting up these types of automatic payments so that you never have to fret about this potential forgetfulness again. You’d be surprised how many types of payments can be set up for auto-pay, so be sure to do some deep digging in this area. 

2. Seek Assistance When Needed

When you’re in dire need of rent money, looking toward local government or charity-based rental assistance programs is a must. Especially if you’re a family looking for rental assistance in Houston, you need to take advantage of the programs that are set up to protect you from the threat of eviction. Thankfully, these programs are more plentiful than ever before and are easier to apply for than ever as well. Looking for the program that best fits your needs, and which is meant for individuals (or families) in your specific situation, will give you a higher chance of applying successfully. 

3. Organize Your Finances 

If you want to avoid paying rent late, or not at all, you have to take control of your financial situation. Without a solid grasp of what your larger financial situation actually is, doing so can be downright impossible. For this reason, you need to sit down and begin organizing your finances as clearly as possible. As you do so, you’ll find little ways to save money here and there, and you may even find old subscriptions that you never use, but that you’re still paying for. If you have a friend who is a finance wizard, or if you can afford a financial advisor, you can set up a budget plan that will help you carve your own financial path more successfully. After all, having your finances organized in a recession is of utmost importance. 

4. Ask Family and Friends for Help

If it’s a possibility for you, asking trusted friends or family members for financial help in a pickle is a great option. While it can feel stressful, or even embarrassing, your loved ones will understand, and help you out of this pickle if they can. For those who do not like to borrow money, simply set up a repayment plan that you know you can follow. As they help you get back on your feet financially, you’ll have an easier time paying them back. If you’re trying to avoid eviction, you should always look to friends and family as a potential way to avoid this dangerous and financially hazardous situation. Doing so will be well worth it in the long run. 

5. Use Dual Savings and Checking Accounts

Many people fail to set up savings accounts, and rely solely on checking accounts to get them through each month. Even when you have a hard time actually putting money in savings, having a savings account can be useful for many reasons. If you know that charges to your checking account could put you below the amount you’ll need to make rent on time, you should place the rent money in your savings account to keep it protected. After all, missing a rent payment, or paying it late, will always be much more catastrophic than falling behind on a less important bill payment. 

Positive Reinforcement is Key 

As you begin your journey toward a more financially stable situation, you must give yourself credit where credit is due. In today’s economy, most individuals and families are struggling to make ends meet month-to-month. Each time you successfully pay rent on time or make a positive financial change in your life, you should give yourself credit where credit is due. This type of positive reinforcement will give you the energy you need to keep on improving your finances. 

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