These days you can use your smartphone to pay for your morning coffee, your Friday night movie ticket or any number of other on-the-go purchases.
So when the first of the month rolls around, put your wallet or checkbook away — and pay the rent from your smartphone.
And while you’re at it, stop stressing over whether you or your roommate pays which apartment bills. You guessed it: there’s an app for that, too.
Phone in your rent payment
For apartment dwellers, paying the rent is a given. But have you considered how you might use technology to make the experience more convenient for you?
Why not pay the rent with your smartphone? This practice is becoming commonplace in apartment communities.
Not only is this a simple and straightforward way to take care of this monthly responsibility, it is also typically secure.
Payment apps work by capturing and encrypting your bank account or credit card information. Then, when you want to make a payment, all you have to do is initiate it through the app. It’s as simple as that: secure, fast and convenient.
Banking apps also typically include a variety of convenient functions that let you check balances, find ATMs, make deposits (just snap a photo of the check), and transfer money between accounts – besides paying bills. Using these services, you might set up a recurring, automated payment through online banking so your rent’s never late — as long as the money’s in your account, of course.
Check in with your apartment community management – it may offer its own online app to process rent payments for you.
With the advantages of technology, these days, you don’t even have to leave your apartment to pay the rent!
Split rent between roommates fairly
Roommates looking for some high-tech help to manage their apartment living expenses are also in luck.
Splitwise offers tools to calculate who owes what between roommates in terms of monthly rent as well as typical shared expenses.
These online and mobile apps make it easy to break down and track expenses from utility bills to cable TV to food costs.
Photo credit: Shutterstock / Slavoljub Pantelic