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Nairaland Forum / Nairaland / General / Career / How To Pay Your Rent Without Stress (305 Views)
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How To Pay Your Rent Without Stress by boladjo12: 1:07pm On Feb 05, 2020 |
We all know that house rent is usually a major headache for people in Nigeria especially people living in cities like Lagos, Abuja and Port-hacourt. The amount for House rent of a room self contain in a place like Ikeja can be used to rent a 3 bedroom flat in a place like Ibadan. The question now becomes what can you do to conveniently pay your rent without stress. A common rule of thumb is for you not to spend more than 30% of your income on housing. If you are earning N120,000 monthly, it is advisable not to spend more than N360,000 on rent annually. Now that we have established that you should not spend more than 30% on rent, let us move to how you can pay your rent conveniently. The first option is to rent a place where you are allowed to pay for rent weekly or monthly. This is rare and in cases where it is allowed, it is usually for houses whose rents are on the high side. Most times, it is easy to pay little by little monthly as against paying a lump sum yearly. The second option is to set aside and save money monthly towards your rent. Lets assume that you are earning N120,000 monthly and your rent is N300,000 per year. You can divide your annual rent by 10 and save the amount monthly. In this case, you save N30,000 monthly on your rent. This way, once your rent is due, you would have saved up the N300,000. The challenge is usually in having the discipline to [url=fundall.io]save some money monthly.[/url] Thankfully, with technology, you can now [url=fundall.io]save your rent money automatically monthly[/url]. With a platform like [url=Fundall.io]Fundall.io[/url], you create a savings plan for your rent and every month, it helps you automatically save for your rent. You can register for a fundall account via [url=dashboard.fundall.io]dashboard.fundall.io[/url] Paying your rent should not be stressful. How do you pay your rent without stress. |
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