If you’re a renter, then you’re in a financially disputable situation. Granted, over the course of the recession, rent prices are only getting higher and higher. If you’re locked into something that seemed manageable at the time, but you’re struggling with now, you can use some wits to hammer away your rent costs and get that stress off your back. We have five wits to help you cope with the stress of your renting situation and keep on top of your financial game. After all, this is undoubtedly one of the largest numbers on your budget.
Wit #1 Is This a Fight Worth Having?
Shop around
If you jumped into a rental space because it was the first available or the first to call you back, it might not be the best fit for you. Go back to the drawing board and shop around. There might be a better property or space available for you that will match your needs and budget, but just not right now.
Don’t rush
If that’s the case and you find a location that’s cheaper and just what you need, then take care of where you are now. Be respectful and treat it nicely, it might be early enough still to get your deposit back. Time your exit from your current property to align with your move-in date to the next location and offer the standard request of thirty days notice before leaving. If you’re lucky, you might get your security deposit back, and it will help you establish yourself in your new place.
Wit #2 Get a Roommate
Share is fare
If you’re trying to go the lone wolf route, that might not be the most economically efficient solution for you. However, not only do roommates offer a financial break from the dent you pay every month out of your paycheck, but they provide a social benefit for you. Take the time see if getting a roommate might help you. Not only will this relieve a little stress off of your back, but it’ll also divide utilities and other costs that you’ll find yourself struggling with on a monthly basis.
Be prepared
Make sure that you’re able to claim a roommate on your lease and talk to your landlord before letting anyone move in. Of course, do not let anyone into your rental property if they are not reliable or responsible enough to make this sort of financial commitment to you.
Wit #3 Make Rent a Priority
Make priorities
No matter what route you’re going with your rent, the importance of getting your rent paid needs to be on top of your financial list. As far as actual human needs concerned, shelter is one of the most important ones. That means taking the time to pay your rent as a priority should be above the Internet bills or any luxuries you might go for. No matter what day of month your rent is due, you need to make sure that a significant portion of your paychecks are going to cover it. Don’t put it off for your last paycheck. You may leave with fifty dollars for gas and food for the week.
Be organized
Be organized about it and stretch out the acquisition period. The more time you give yourself to gather rent money, the more relaxing the whole process will be for you. But, whatever you do, don’t be late with your rent. It’s vital that you maintain that sense of mutual trust between yourself and your landlord. Happy landlord is a good landlord.
Wit #4 Find Another Source of Income
Additional income is smart
You can save a lot of money by cutting back. However, many people don’t have willpower, desire or ability to start making cuts. If you can’t or simply don’t want to cut back on your luxuries, then that just means that you’re going to need to find another source of income and there are plenty of them. You can split bills with roommates and pay for the entire share of the rent just with picking up odd jobs, such as freelance work online.
Start anew
Another great way to make some money is to start a small Internet business, selling goods that you pick up for niche markets at thrift stores or various other cheap sources.
Give to gain
If you’re looking to make easy money, there are always plasma donation centers. Not only are they for a good cause, they also pay you good money for donating your plasma. It doesn’t take long and you’ll have added two hundred dollars every month. It’s a great way to make money to cover your portion of the rent, or at least give you the time to make up the last of your rent.
Wit #5 Get Payday Loans from Direct lenders
Personal loans cover your dents
There are short-term solutions such as payday loans issued by both brokers and direct lenders. They can save you if there is no way you can get an extension or some help from your landlord’s mercy. There are credits that you can get on you own.
Direct lenders need no third party
Online cash advance loans from 1FirstCashAdvance require no faxing, no cosigner and no guarantors, so they work perfectly for this sort of situations. These loans should always be a last resort and that will help you maintain some security and control on your financial situation. Still, you should acknowledge what you’re getting into.
Start anew
Payday loans are perfect to utilize for the emergency that you’re in. Remember that some of these loans carry risks. You’ll have to pay them back on time. Don’t take this risk if you’re not ready or stable enough to pay back, but in dire straits, use this option for quick solution.