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5 Ways to Survive a Rent Increase

3/2/2023

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It's no secret that rent increases can be a real burden on your finances, especially if you're living on a tight budget. But don't worry - there are ways to survive and even thrive during these tough times. Here are some tips for surviving a rent increase:
  1. Budget wisely – Make sure you have an accurate picture of your monthly expenses so you know exactly where your money is going each month and how much extra cash (if any) is left over after paying the bills. This will help you determine which areas of spending can be cut back in order to make room for the higher rent payment without sacrificing too much comfort or quality of life.
  2. Negotiate with landlords – If possible, try negotiating with your landlord about what kind of rental agreement works best for both parties involved in light of the increased cost or ask if they’d consider offering any incentives like waiving late fees or providing additional services such as including utilities in exchange for prompt payments every month instead of raising rents across all tenants at once.  
  3. Look into housing assistance programs – There may be government-funded programs available that could provide financial aid towards covering part (or all) of your increased rental costs while still allowing enough funds leftover to cover other basic necessities like food and clothing as well. Researching options ahead of time will help ensure that when it comes time to pay up, there won't be any surprises waiting around the corner!  
  4. Find roommates/sublet– Having someone else split up those costly bills can go along way towards making ends meet while also giving yourself more breathing room financially speaking since sharing space means splitting costs between two people rather than one person shouldering them alone. Plus this could open doors down the road for new opportunities such as finding cheaper apartments closer to work/schools etc., resulting in greater savings overall!
  5. Seek out employment opportunities - Taking on additional jobs either part-time or freelance gigs might just do trick when it comes covering extra expenses associated with higher rental prices. So don’t hesitate to reach out to your connections and see what kind of job openings might currently exist in your area, even exploring the possibility of creating a business venture from the ground floor!
With some planning and foresight managing through periods of rising rent doesn’t have to mean breaking the bank account!

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  • Home
    • FAQ
    • About
    • Community Needs Assessment
    • COVID-19
    • Donate
    • Employment
    • Volunteers
    • Projects
    • Diversity, Equity & Inclusion
    • Disclaimer
  • Services
    • Independence >
      • Money Management
      • Transportation
    • Senior Services/AAA
    • Food & Nutrition >
      • Food
      • Food Pantries
      • Senior Nutrition
    • Housing >
      • Shelter / Promise Inn
      • Eviction Prevention
      • Rent Well
      • Home 4 Hope
    • Homeownership >
      • Financial Literacy Workshop & Counseling
      • Homebuyer Education & Counseling
      • Post-Purchase Couseling
      • Foreclosure Prevention
    • Utilities >
      • Energy
      • Water
    • Weatherization
    • Youth
    • Emergency >
      • Helping Hand
  • Apply Online
    • Energy Assistance
    • Food Assistance
    • Rent Assistance
  • Locations
  • Translate
    • Español
    • Esperanto
    • Filipino
    • Russian
    • Tiếng Việt
    • Ukrainian
    • 中文
  • Contact