youchamp is a rent split bill app that will help you keep the peace with your roommates. All you need to do is decide how you will split the rent – and then youchamp will take care of the rest!
Split rent evenly
The simplest way to do this is by splitting the rent evenly. However, you’ll need to make sure that everyone is on board, since some living spaces are larger than others, and some roommates might be sharing bathrooms or even bedrooms. Splitting rent evenly works best for good friends who spend a lot of time in the common living space (e.g. shared living and dining rooms).
Split rent by space
Splitting the rent according to space works best with roommates you don’t know well. To keep it fair, consider how much individual space each person gets. Consider the square footage as well as en suite bathrooms, balconies and even parking spaces.
How to split rent with roommates
Regardless of how you decide to split rent, it’s important that you do what you can to maintain a good relationship with your roommates. Follow the following tips to help keep the peace:
- Decide how you will split the rent before settling in
- Make sure that your roommates can afford rent
- Decide who oversees communication with the landlord
- Decide on individual expenses (electricity, furniture, repairs, etc.)
- Use youchamp to establish open communication
Now that you’ve decided how you are going to split rent with your roommates, all you need to do is set up your youchamp recurring payment. Just like a direct debit, each month (or week, depending on how often you pay the rent) youchamp will deduct your rent from your nominated credit card. This way, you can sit back and relax as youchamp takes care of the costs – no need for reminders, manual bank transfers and late payments!