What do I do if I can’t afford my rent or mortgage?
Struggling to afford rent or mortgage payments can feel overwhelming, but you’re not alone, and there are steps you can take to regain control. Whether you’re facing a temporary setback or an ongoing financial challenge, resources and strategies are available to help you stay housed and protect your credit.
In this post, we’ll explore practical options, from reaching out to your landlord or lender to finding assistance programs and budgeting tips. Taking action early is key, and this guide will help you navigate your options with confidence. Let’s dive into the steps you can take to address your situation and find support.
Negotiate with your landlord or lender for a temporary reduction or deferment
Talk to your landlord or lender as soon as possible about your situation. Many are willing to work out a temporary payment plan or deferment. This can give you breathing room while you handle other necessities.
To learn more: How do I stop feeling overwhelmed by my financial situation?
Offer to do maintenance or repairs in exchange for rent discounts
If you’re handy, offer to take care of maintenance, landscaping, or repairs around the property. Landlords may appreciate the help and be open to giving you a break on rent. It’s a practical way to reduce your costs without impacting your savings.
To learn more: 43 Best Side Hustles for Men to Make Money
Rent out a room or space short-term through platforms like Airbnb
Consider renting out a spare room or unused space in your home. Short-term rentals can provide quick cash to help with rent or mortgage payments. It’s a simple way to make use of what you already have.
To learn more: 12 Interesting Ideas to Make Money Fast
Reach out to local nonprofits or churches for emergency housing assistance
Local organizations often provide help with housing costs during tough times. They may offer rent assistance, temporary housing, or even cover some utility bills. These resources are designed for situations like yours.
Explore house-sitting opportunities to reduce housing costs temporarily
House-sitting is a smart way to stay rent-free while someone else is away. You’ll likely just need to take care of basic tasks like watering plants or pet care. It’s a good option for reducing your housing expenses while you plan your next steps.
To learn more: Get Paid to House Sit and Find Lucrative Housesitting Gigs Easily
Ask family or friends if you can stay with them while you get back on track
Staying with family or friends can help you cut housing costs while you work to stabilize your finances. Be clear about your timeline and offer to pitch in with chores or groceries. Their support can give you a chance to regroup without the pressure of rent.
To learn more: Is it wrong to borrow money from family or friends?
Consider bartering services or skills for a place to stay
Offer your skills in exchange for a place to live. Whether it’s childcare, cooking, or repairs, many people appreciate help around the house.
Bartering can be a creative way to keep a roof over your head without spending money.
To learn more: Why a Thrifty Lifestyle is Something You Need Today
Look into co-housing arrangements or shared housing options
Shared housing is often cheaper than living alone. Check for roommates or co-housing communities where you can split costs. It’s a practical way to lower your rent and meet your housing needs.
Sublet your space and move to a more affordable temporary location
If your lease allows it, subletting can help you cover your rent while you move somewhere less expensive. It’s a smart way to manage your fixed expenses without breaking your lease.
To learn more: How Not to Go Broke for those who are Poor
Apply for housing grants or subsidies available in your area
Housing grants or subsidies can provide direct financial help. Check local or state programs to see if you qualify. These programs are designed to assist people struggling with rent or mortgage costs.
To learn more: Is it normal to not have a financial safety net? Plus 14 Steps to Start Now
Offer your landlord upfront payments for future rent if they lower your rate
If you have some savings, suggest paying several months upfront in exchange for a discount on rent. Landlords may appreciate the security of advance payments and be willing to negotiate.
To learn more: The Best Smart Money Moves to Make in 2025
Temporarily downsize and put items in storage to save money
Downsizing can help you lower rent costs while keeping your essentials. Consider putting non-essentials in storage and renting a smaller, more affordable space for now. This can free up cash to focus on important bills.
To learn more: 15 Pointless Items to Declutter to Start Becoming a Minimalist
Use your network to find informal housing arrangements, like house-swapping
Let people in your network know you’re looking for affordable housing options. House-swapping or temporary arrangements can help you save money and stay flexible. People often want to help if they can.
To learn more: What should I do if I’ve made bad financial decisions in the past?
Brainstorm ways to increase income immediately, like odd jobs or gigs
Look for quick ways to bring in extra cash, like gig work, odd jobs, or freelancing. Platforms like TaskRabbit or Uber can help you earn money fast to cover housing payments.
You need to hustle to make rent. There are plenty of ways to make a quick $200-500.
To learn more: Best Easy Ways to Earn Extra Money Even Staying Home
Remind yourself this is a hurdle, not a dead end—keep pushing forward
Financial struggles can feel overwhelming, but this is only temporary. Focus on the steps you can take today and don’t lose hope.
Staying determined will help you overcome this challenge. Even better, pick a money affirmation for you to repeat and rewire your money mindset.
To learn more: 125+ Money Affirmations to Attract More Money into Your Life
Find More Ways to Lower Your Fixed Expenses
Review all your regular bills to see where you can cut costs. Cancel subscriptions, negotiate utilities, or switch to cheaper services. Every dollar you save can help ease the pressure of rent or mortgage payments.
Follow Money Bliss for practical advice, creative ideas, and the motivation you need to stay on track. Let’s make this your best financial year yet.
To learn more: What Are Fixed Expenses? How to Budget for Fixed Costs
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