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Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Vinnie2000(m): 10:11pm On Sep 29, 2023 |
I Met a Guy who said he Pays his Rent (N15000) Every MONTH. Dat his Landlady's says that's her Style.π I Personally Wished Mine was like this, as I Pay YEARLY (A Six-Figure amount).π I Talked to another person who said that Guy is WASTING his Money and would not grow Financially! π―π€¨π So Which is BEST? Paying MONTHLY or Paying YEARLY? π€π . Thanks! 4 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Disclaimer12: 10:14pm On Sep 29, 2023 |
I've been paying monthly rent for over 9 years now, trust me it's not that easy if you don't have a stable income 86 Likes 1 Share |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Puss360(f): 10:15pm On Sep 29, 2023 |
Both of them has their pros and cons... but it all boils down to your source of income and how money enters your hand... Salary earners... monthly... but because of our country's tendency to owe workers salary, then it's better to pay every 3 months, or 6 months... Reason is that, most times, salary is always fixed.. so by deducting some amount monthly for rent, you will get used to it... But paying yearly doesn't really favour salary earners, coz in most cases, your yearly rent is always more than your one month salary.. that means, there's always tension when it's time to pay rent... While, Business people, yearly is better... Coz their case is an example of "money no dey today, e go dey tomorrow".... 70 Likes 2 Shares |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by iLoveYouToo(m): 10:15pm On Sep 29, 2023 |
Monthly is better. 1year lease but monthly payments 15 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Vinnie2000(m): 10:28pm On Sep 29, 2023 |
iLoveYouToo: But the person I spoke to, Said Paying Monthly DESTABILIZES one's Financial plans. π€¨π That under YEARLY, you can save Large amount for Investment During that One year Waiting period! π€π 14 Likes 2 Shares |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by iLoveYouToo(m): 10:38pm On Sep 29, 2023 |
Vinnie2000: Dey play. Itβs an illusion, paying monthly is the way to go 28 Likes 3 Shares |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Jennyclay(f): 10:41pm On Sep 29, 2023 |
Paying yearly is better. I don't really see the value of paying rent monthly anyway. I feel people who pay rent monthly are poor and struggling people. I mean, why not pay yearly so you could have time to breathe and save up for the next payment when your rent is due. Monthly rent payments is total rubbish. What if you lose your monthly salary job on a long run or your business collapse How would you pay for the next month rent 93 Likes 3 Shares |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Rucheen(m): 11:15pm On Sep 29, 2023 |
The same thing 2 Likes 2 Shares |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by eazzzy1(m): 12:13am On Sep 30, 2023 |
If the amount paid per month adds up to the amount per year then for most people it wouldnβt matter. Unless thereβs a discount for paying annually. I pay my vehicle insurance annually, I save a little for paying yearly instead of monthly because there isnβt a monthly processing fee. One could argue that paying monthly is better. Assuming your rent is 100k per month or 1.2m per year and you have your money in an interest generating account, your money can grow while you only take out monthly rent as against the lump sum. Annual payments on the other hand gives you peace of mind. Just pay and forget for a whole year. 33 Likes 1 Share |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Vinnie2000(m): 6:25am On Sep 30, 2023 |
Jennyclay: Very NICE take from you! ππ The Other Guy I spoke to have same Opinion, Like It Disorganizes the Payer!π€ But PERSONALLY, I Seem to Like it!π Afterall, our Nigerian Christians who Pay Tithes do so MONTHLY. π€¨π€¨ |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Dexy4yah(m): 6:30am On Sep 30, 2023 |
Yearly ofcos 1 Like |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Jennyclay(f): 6:44am On Sep 30, 2023 |
Vinnie2000:Itβs a different situation here. Thatβs tithes and not rent . Pastor wonβt fight with you if you donβt pay your monthly tithes BUT Landlord would fight you if you canβt pay your monthly rent. I know you are a struggling man reason why you like monthly monthly rent. May God help you poor and struggling men! 8 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Vinnie2000(m): 6:54am On Sep 30, 2023 |
Jennyclay: Na so. πππ 3 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by ben4ever(m): 8:30am On Sep 30, 2023 |
If you have the money, I suggest you pay yearly so that you can plan your money on other things 13 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by LeeSmart: 9:15am On Sep 30, 2023 |
Why not have ur own personal house, it did save u de stress of having to pay for rent.... My apologies if i deviated out of the main topic. 6 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by rickleye: 9:40am On Sep 30, 2023 |
Unless you have a discount . It all boils down your preference. Some people like to pay it all and thatβs that. While others like people would prefer monthly. For instance I get 2million , I get about .5%of that every month in interest = 10,000x12=120k If I pay it all at once, I donβt see the 120k extra. The landlord reaps that benefit. If I pay monthly - I can delay paying to force the landlords hand in fixing things that are urgent around the house. If I run into difficulties- I could technically sublease and move away without that financial commitment on something that depreciates. If you are disciplined in savings it doesnβt matter but the way salaries are owned , Iβd rather monthly. 2 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Vinnie2000(m): 9:43am On Sep 30, 2023 |
LeeSmart: Hehehehe. In my Delta State axis, to BUILD house Ain't a Joke!π Only YAHOO Boys in the State Builds House within Short Notice! π Before You Buy the Land, Pay Different Levies/Payments the Community Boys Demand from you, You have Already SPENT up to N25 Million! πππ 5 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by rickleye: 9:47am On Sep 30, 2023 |
Vinnie2000: To add - same with salaries most developed economies pay bi -weekly . We are stuck on monthly. People would owe other people till pay day especially December to January. Longest time between pay days. Just pay people every 2 weeks. It will reduce debts. And people can plan and have access to their money. 5 Likes 1 Share |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Darkseid(m): 10:52am On Sep 30, 2023 |
Personally I hate small frequent expenses. I will even prefer to save up and pay three years rent upfront and then remove it from my mind while I focus on other things. I f**king hate small expenses. Like it's easier for me to pay 100k for a yearly internet subscription than for me to pay 5k monthly. 11 Likes 1 Share |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by LeeSmart: 11:40am On Sep 30, 2023 |
Vinnie2000:Why build frm the scratch wen u can acquire an already built nd furnished property? 3 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Nazgul: 11:54am On Sep 30, 2023 |
I prefer yearly Biko, so that I can rest. Monthly rent is for rural communities where rent is quite cheap. I've come across many like that in the SE. Most of them are petty traders. Their rent is between 1-2k every month. You can't expect someone who's rent is over 1m or more to be paying it monthly, most especially if he's a salary earner with a family. He'll definitely owe you. 11 Likes 1 Share |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Successfulben: 11:56am On Sep 30, 2023 |
You pay a six figure amount and you put up a sad emoji, am sorry for you. Vinnie2000: 4 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by online4business: 12:26pm On Sep 30, 2023 |
Vinnie2000:I collect my rents yearly give Nigerians monthly una go argue tire. Oga landlord I don pay you for September na even NEPA bill that use to be monthly to pay na wahala. I just find way get prepaid meter for everyone if you no get light na you know. Pay me yearly so we can see once in a year. If you live in delta bayelsa or Port Harcourt buying a house is easier than building. There are many distress properties and people will sell them cheap. Make sure you do your due diligence no go buy land or house wey dey court ooo. Families must agree before I spend my #1 naira if not I no dey give shi shi. Never compromise on the lawyer fee... If you do it's 50/50 you go get problem. 11 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Vinnie2000(m): 2:46pm On Sep 30, 2023 |
Successfulben: Bro, Six-figure can be N950,000, Just as it can be N120,000. ππ 4 Likes 1 Share |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Cholls(m): 9:21pm On Sep 30, 2023 |
My brother none In my father's house there are many mansions 5 Likes 1 Share |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by sylve11: 9:22pm On Sep 30, 2023 |
Yearly |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by phemmyfour: 9:22pm On Sep 30, 2023 |
Vinnie2000:yearly You have 11 months to plan for the next, and worry less about accommodation for some time Monthly is risky, you can have emergency that won't allow you to meet up 9 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by SavageResponse(m): 9:22pm On Sep 30, 2023 |
Just pay the rent once and give yourself breathing space for the next 12 months 4 Likes 1 Share |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by callmevirus(m): 9:22pm On Sep 30, 2023 |
Yearly biko It's killing us here You can't save enough before paying house rent 2 Likes |
Re: Paying Of Rent On A Monthly Or Yearly, Which Is Better? by Kobicove(m): 9:22pm On Sep 30, 2023 |
Yearly is preferable abeg |
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