Smart Rent-Saving Strategies: How to Cut Costs and Live Comfortably. 😎
Posted on
Are housing expenses causing financial strain? You are not alone. Many people in Malaysia struggle to manage the cost of rent each month. Even if you are careful with your budget, rent may be one of your biggest expenses. Luckily, there are ways to lower these costs with a bit of creativity.
Here are some ways you can get started:
1. Look for apartments in less expensive areas
Rent prices can vary widely depending on the location of the apartment. Consider moving to a less expensive area or a neighbourhood that is up-and-coming, where rents may be lower but still on the rise.
2. Share the cost of rent with roommates
Sharing an apartment or house with roommates can significantly reduce the cost of rent. You can split the cost of rent, utilities, and other expenses, making it more affordable for everyone.
3. Negotiate the rent with your landlord
If you have a good rental history and have been a good tenant, your landlord may be willing to negotiate the rent with you. It never hurts to ask for a lower rent or to negotiate for other perks like a longer lease.
4. Live in a smaller apartment
A smaller apartment will typically be less expensive than a larger one. Consider downsizing your living space in order to save on rent. It will be worth it for long term!
5. Take on a longer lease to negotiate a lower monthly rate
Landlords may be willing to offer a lower monthly rate in exchange for a longer lease. This can be a good option if you're planning to stay in one place for an extended period of time.
Oh and did you know that paying rent on time with a credit card can help to build or improve credit scores? Some credit cards offer rewards or cashback for purchases, so paying rent with a credit card can help maximise your rewards on a regular expense!
Many of you may have wondered whether it’s possible to pay rent with a credit card. As someone who rents a place myself, I understand rent payment is not cheap. Be it renting a room, a house, or even an office lot, the monthly rent payment took a big chunk of our cash income.
Paying rent with a credit card is now a reality thanks to BlueDuck payment platform. No longer do you have to dip into your cash savings or take out a cash advance to make rent payments. With the option to pay with a credit card, you can preserve your cash flow and take advantage of the perks that come with using your credit card.
Drop a whatsapp and know more about paying rent with credit cards today at bit.ly/heyBD!!!
Cheers,
BlueDuck Team.