But nows not the time to bury your head in the sand.
Need Some Quick Cash?
If youre looking to boost your income this month, weve got just the thing for you.
Behind on Your Monthly Rent?
A late rent payment doesnt just affect renters who face the eviction process.
It has a ripple effect that eventually impacts both the landlord directly and the economy as a whole.
Heres what you should do.
It can also help you decide how to best proceed when reaching out to your landlord.
There are also two federal protections for renters that many people dont know about.
But a little kindness can go a long way.
and then communicate with your landlord openly.
Lead with empathy, advisesMichael Thomas, an accredited financial counselor and lecturer at the University of Georgia.
Its very easy to become self-absorbed when were experiencing a financial shock.
Understanding where each person is coming from can lead to a resolution thats best for both parties.
Something else you might consider is bartering.
Go with your best-case scenario first, he said.
Putting things in writing also helps eliminate misinterpretations of your agreement, she said.
Whatever you sign is something that youre held to.
If you dont meet the terms of that agreement, youre back where you started.
However, you could considercredit counselingor consolidating your debt.
Find nonprofit debt consolidation companies through theNational Foundation for Credit Counseling.
These are some of our favorite ways to make easy cash.
They wont get to enough for rent immediately, but some money to help you breathe a little easier.
Other charities, likeModest Needs, may also be able to help.
Your landlord may even know of housing assistance options in your area.
There is also low-income rental assistance still available from 2021s American Rescue Plan Act.
it’s possible for you to see where it is available in thisNational Low Income Housing Coalition dashboard.
Just see to it you properly vet the potential roommate and your landlord approves of the new tenant.
Sell Something to Cover Rent
Make some extra dough by selling things you dont regularly use.
Put that money toward the rent.
Wondering what to sell?
Were glad you asked.Vintage china,gold jewelry,90s collectiblesor your oldvinyl record collectioncan all bring in some serious cash.
Check out thesewebsites for selling things onlinewhen youre ready to list.
Get Another Gig to Help with Paying Rent
Get money for rent by securing a second source of income.
These jobs often pay faster than traditional jobs that run on a biweekly schedule.
Drowning in Expenses?
Maybe youre scrambling after your car broke down.
Or you got a medical bill you werent expecting.
Or inflation has finally pushed your budget over the edge.
You dont need to go it alone.
When money is tight,these resourcescan help you manage unexpected expenses without stress.
If your ability to pay any given months rent is on shaky ground, consider applying forfederally subsidized housing.
HUD requires eligible landlords to keep rent at a fixed portion of the renters income.
Nicole Dow is a former senior writer at The Penny Hoarder.
Kaz Weida, a staff writer at The Penny Hoarder, contributed.
