8/23/23 - Wednesday

Brought to you by:
📈 Inflation 📈


Hey there!

Did you catch our episode last week with the best ways to save on rent? 🏡 If not, you should definitely check it out.

We talked about a lot of ways people can (and are!) lower their monthly rent payments.

I (Jen) even talked about my experience as a landlord lowering rent for our tenants!

Not MY experience, but it’s funny.

Here’s a recap of 5 of the top tips, but be sure to catch the episode for a lot more.

1. Negotiate your rent: When signing a lease or renewing a rental agreement, ALWAYS negotiate the price with your landlord. 🤝🏼 You can discuss the possibility of lower rent or ask for other concessions, such as including utilities in the rental price.

2. Look for seasonal or off-peak rentals: In some locations, rents may be lower during certain times of the year ❄️ or during the off-peak season. Take advantage of these opportunities if they exist in your area.

3. Consider a longer lease: Some landlords offer discounts or reduced rates for tenants who commit to longer leases. 🔐 If you're in a stable situation and plan to stay in one place for an extended period, a longer lease can help you save money.

Saving Money on Rent – EP 327 – The Frugal Friends Podcast

With rent prices increasing across the board, finding ways to cut expenses on housing is crucial.

www.frugalfriendspodcast.com/saving-money-on-rent-ep-327

4. Share responsibilities: Discuss with your landlord the possibility of taking on certain maintenance or repair tasks in exchange for a lower rent. 🚜 This arrangement can help reduce costs and demonstrate your commitment to the property.

5. Use rent payments to build your credit: You don’t have to go into debt to build your credit score or get credit card rewards.

BILT is a credit card 💳 that rewards you for paying rent and if you live in a BILT Alliance Property, every rent payment you make is reported to the three major credit bureaus each month; Experian™, TransUnion™, and Equifax™. That means a longer credit history and a higher credit score.

This Friendletter is Brought to you by:
📈 Inflation 📈

Inflation is like, “you’re killin me smalls!” Only it’s not smalls. It’s bigs. That’s why we all need to take a look at the small things and start optimizing where we can. One of the ways you can do that is with where you’re keeping your emergency fund.

You know we’re not fans of investing your EF but that doesn’t mean you can’t optimize it and we love high-yield savings accounts for doing just that. Like the high-yield Savings Connect account at CIT Bank that’s currently offering 4.65% APY.

With no account opening or monthly service fees for savings accounts, this is one of the best savings accounts on the market. So if your high-yield savings account is offering less than 4% right now, it’s time to move your emergency fund and our fav right now is the CIT Savings Connect account!**

Until next time,

⭐️⭐️ P.S. Did your friend send you this? You can sit with us! Click here to be our friend and we'll send you more gems like this every week (for FREE!) to your inbox.

**Means this is a sponsored or affiliate section. We may earn a small fee or commission when you choose to try one of our sponsor or affiliate partners. But opinions are still 1000% our own.