Simple reminders to avoid late rental payments

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Sometimes, unforeseen circumstances might cause you to stop paying or delay payment on rent. This can have financial consequences such as late fees and a poor credit history. In these situations, it’s always better to take preventive measures right from the start.

Preset payments for the 1st of the month

The easiest way to pay rent on time is to automate it. Set up a recurring payment with your bank, so you don’t need to remember to make the payment each month.

 

Schedule payments when possible

Everyone dislikes paying bills. But if you prioritize and organize, you can avoid scrapping for rent. A good rule of thumb is to arrange payment dates so you don’t get hit with two big payments in one cycle.

 

Use alarms and notifications

Most of us have multiple payments due at various times, and are bound to forget some of them some of the time. That’s why smartphones and other gadgets come with alarms that can help you remember what is due when. Or use old-school methods like sticky notes on the calendar or refrigerator.