And no, I don’t mean write a check every couple of days to your landlord! Using the same strategy I think people should use to pay off credit card debt, you can make it easier on yourself to come up with your rent check when it is due on the 1st of the month. Let’s say your rent is $1,000 every month. Coming up with that $1,000 all at once can be difficult for some people, but how about if you could break that down into smaller “payments” throughout the month? Would that make it easier?
If your rent is $1,000 a month, and there are 30 days in a month, your daily rent is effectively $33.33. Sounds more reasonable now, doesn’t it? So to make your life easier, you could automatically transfer $33.33 every day from your checking account to your savings account and then transfer the $1,000 back to your checking account at the end of the month…just in time to pay the rent. If you cannot do $33.33 every day, how about $250 every week? Or $500 every 2 weeks? Would that make it easier to pay that big rent check on the first? I know some people that do this in order to make that big bill a little bit easier to handle…maybe it could help you as well.