Comments on: Having Trouble Paying The Rent? Pay It In Installments. http://www.mytwodollars.com/2007/09/05/having-trouble-paying-the-rent-pay-it-in-installments/ A place to discuss money...for the rest of us. Mon, 23 Nov 2009 05:09:30 -0500 hourly 1 By: DebtDieter http://www.mytwodollars.com/2007/09/05/having-trouble-paying-the-rent-pay-it-in-installments/comment-page-1/#comment-20330 DebtDieter Thu, 06 Sep 2007 21:13:47 +0000 http://www.mytwodollars.com/2007/09/05/having-trouble-paying-the-rent-pay-it-in-installments/#comment-20330 I actually use this method for all my bills except rent! I get paid fortnightly (every two weeks), but all my bills are monthly. Rent in Australia is calculated weekly usually, so it's not as applicable here. I actually use this method for all my bills except rent! I get paid fortnightly (every two weeks), but all my bills are monthly.

Rent in Australia is calculated weekly usually, so it’s not as applicable here.

]]> By: mapgirl http://www.mytwodollars.com/2007/09/05/having-trouble-paying-the-rent-pay-it-in-installments/comment-page-1/#comment-20245 mapgirl Wed, 05 Sep 2007 23:13:13 +0000 http://www.mytwodollars.com/2007/09/05/having-trouble-paying-the-rent-pay-it-in-installments/#comment-20245 My last landlord liked to hang on to rent checks and not cash them for 2 months. He was kind of nutty that way. He didn't need the cash all the time to cover the mortgage because he's a surgeon. Since I didn't have computer access to check my personal finances, I overdrew my checking account more than once. To alleviate the problem of the overdraft fees, I just started buying money orders for the rent. It worked out well, for a small fee, I got the guarantee that he was paid and wasn't going to screw me over by waiting a month to cash the rent check. I wasn't the only roommate annoyed by this, but the only one to resort to this method. Once I did, I had better control of my cash flow. My last landlord liked to hang on to rent checks and not cash them for 2 months. He was kind of nutty that way. He didn’t need the cash all the time to cover the mortgage because he’s a surgeon. Since I didn’t have computer access to check my personal finances, I overdrew my checking account more than once. To alleviate the problem of the overdraft fees, I just started buying money orders for the rent. It worked out well, for a small fee, I got the guarantee that he was paid and wasn’t going to screw me over by waiting a month to cash the rent check.

I wasn’t the only roommate annoyed by this, but the only one to resort to this method. Once I did, I had better control of my cash flow.

]]> By: david http://www.mytwodollars.com/2007/09/05/having-trouble-paying-the-rent-pay-it-in-installments/comment-page-1/#comment-20213 david Wed, 05 Sep 2007 16:52:16 +0000 http://www.mytwodollars.com/2007/09/05/having-trouble-paying-the-rent-pay-it-in-installments/#comment-20213 Good catch, thanks for mentioning that here! Good catch, thanks for mentioning that here!

]]> By: Pinyo http://www.mytwodollars.com/2007/09/05/having-trouble-paying-the-rent-pay-it-in-installments/comment-page-1/#comment-20212 Pinyo Wed, 05 Sep 2007 16:45:10 +0000 http://www.mytwodollars.com/2007/09/05/having-trouble-paying-the-rent-pay-it-in-installments/#comment-20212 I suggested the same thing to my friend who has problem paying his rent. Instead of paying by the month, he is paying by the week. The only caveat is that he should be careful to pay only 48 weeks worth of rent (48 / 4 = 12 months), and not 52 weeks which essentially gives the landlord 1 free month or rent. I suggested the same thing to my friend who has problem paying his rent. Instead of paying by the month, he is paying by the week. The only caveat is that he should be careful to pay only 48 weeks worth of rent (48 / 4 = 12 months), and not 52 weeks which essentially gives the landlord 1 free month or rent.

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