Across the globe, one of the most challenging basic human needs to keep up with across all races is housing. Paying for rent is a significant issue that has left many homeless and usually traumatized people each time it’s time for renewal. The stress it poses on families and individuals is so harsh that it has left people in bad debt and sometimes causes serious dispute between landlord and occupants. The United States of America, recorded a high number of homeless people which increased to 18% and amounts to 770,000 homeless people in 2024. Occupants struggle to keep up with rent renewals, causing this challenge. In Asia and Africa, the situation is not far removed from what is experienced in America. In this post, I will share an insightful solution that will help anyone in the world pay for rents without stress and demonstrate how to pay on time to avoid eviction.
“The U.S. Department of Housing and Urban Development said federally required tallies taken across the country in January found that more than 770,000 people were counted as homeless — a number that misses some people and does not include those staying with friends or family because they do not have a place of their own. — Source Appnews”
Living within a defined budget is the first key to a successful financial life, which means hanging your bag where your hand can easily reach. Do not live beyond your means. With this in mind, when securing an apartment, ensure your two months’ salary or two months’ income can cover the rent. Having established this, let me lead you to the next level and show you how to set money aside for your rent and make early payments before the due date.
How to pay your rent without stress.
Now that you have rented an apartment that your two months’ salary can cover, the next step is to break down the rent into smaller parts. Renewing rent can be challenging in some countries where it is done annually, as the cumulative amount often feels substantial. Therefore, we will break it down into monthly and daily parts. With this, you will agree that it is smaller and simpler to manage. Let me cite an example with Adaobi, whose house rent is 300,000 Naira per year. We are going to break this into monthly parts. 300,000 divided by 12 months of the year = N25,000 (twenty-five thousand Naira). Adaobi can save 25000 monthly to meet her rent at the end of the year. What if she cannot keep up with this and perhaps wants to break it further into a daily plan? It would be 300,000 divided by 365 days, which is one year: 300,000/365 = N822. This means that Adaobi is only setting aside 822 Naira per day. This amount is manageable per day, and Adaobi can establish a daily saving plan to achieve this financial goal.
Adaobi can use AjoApp to make daily savings or set up an automated payment plan that debits her bank account with ₦822 per day for the next 365 days. She does not even have to do the bank transfers or savings herself; our app automates this process. To keep up with our financial obligations, we must discipline ourselves and eliminate unnecessary spending.
Financial discipline for savings
Financial discipline is a virtue required to maintain a good saving culture. There are things we should not spend money on, especially those that are unnecessary or excessive. It is inappropriate for an average earner to subscribe monthly to cable TV or maintain a lifestyle that does not align with their earnings. So first, cut your cloth according to your fit. Gather idle money and place it into your savings account. What is idle money? The small change left in your pocket after a day’s activities becomes this. When you get home, that 200 or 500 left in your pocket will go a long way if you learn to save it rather than spend it on drinks like minerals. The truth is that whether you purchase those drinks or not, you will not perish, so it is crucial to save that money.
How AjoApp can help
AjoApp Cooperative designed AjoApp to help its members save money daily, weekly, or monthly with ease. We utilise the most recent technology to help members save easily and withdraw their money at any time or at a set time. AjoApp helps you pay your rent with ease and pays 3% of your house rent. Just sign up, select a house rent savings plan, and start making deposits. We send reminders and notifications to help you be intentional about your saving goals. When you save for rent in our app, AjoApp cooperative will pay about 3% of your house rent for you. That sounds interesting—sign up and experience convenience in paying for your house rent.
Wow this great. Signing up now