Cool resource — PayMyRoommate.com

There are many firsts that you experience once you go to college, but one of the most challenging can be getting your first apartment. Learning how to balance rent, maintaining your living space and dealing with roommates can be a learning process, especially when it comes to managing finances.

PayMyRoommate.com hopes to alleviate some of the stress that comes from sharing an apartment. Their simple three-step process starts with you creating a bill, then adding your roommates and finally sending them an invoice of their share.

pay-my-roommate

The best part about this app is that it links directly to your PayPal account. Once you verify your email address, your roommates can pay you directly online, letting you avoid the headache of collecting multiple checks and depositing them before your rent is due. Plus, no one can argue that they’ve already paid you rent — everything is recorded in your PayPal account.

Remember, when you get your first apartment (whether on-campus or not), it’s important to stay up on your costs. This is one of your first opportunities to show true responsibility — make it count!

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