Most people have to live in rented apartments where they pay a stipulated amount as rents. There are always two options to pay your rents, and that is either monthly or yearly. Between paying your rents monthly and paying yearly, which one affords you financial stability?
Which gives more financial stability between monthly and yearly rentals?
- Thread starter King Belieal
- Start date
I think paying in bulk, as in an yearly payment is better off for financial stability. But then you need to consider whether you will live there the whole year to avoid issues with refund processes. If there was such probability of living there fully, you can pay yearly and focus on other financial decisions you have.
When I pay rents, I purpose my mind that I am going to live there a whole year. Unless something really unexpected happens that I would pack out but it has never happened before.
- Thread starter
- #15
I think the ideal rent payment situation is dependent on the personality and financial conditions of people.
I normally pay my rent every month. This works best for me since I can never be sure about what might happen today or tomorrow. I could decide to move to another province if I find it better there.
