Talk to Your Landlord

Whether you’re looking at the rent issue as a kind of metaphor, or you’re genuinely unable to pay rent, you need to speak to your landlord. They’re probably not going to be happy, but it’s best if you let them know in advance of your financial situation. If you do end up skipping a month’s pay, your landlord has no way of knowing your situation, and they have to protect their interests. If you show them that you are aware of the seriousness of the situation, they will be much more willing to work something out, since they’ll know they can depend on you.

Housing should be a priority during this period. Even if you miss a few payments, you should have about three months before you are forced to vacate the premise. It would be a good idea to use this period either to save up money to pay at least part of your debt or to find a cheaper place. Bear in mind that when you move into a new apartment, you’re likely going to have to pay in advance, so you might be better off trying to keep your current place.

If your landlord allows it, and if space permits it, you could try to find lodgers or someone who is willing to split the bills and rent with you.

Take a Serious Look at Your Budget

When you’re struggling financially, you might be having a hard time looking at your finances. But this step is essential if you want to be able to manage with what money you have. You might discover some minor things, which aren’t that costly, add up to a large amount by the end of the month. Same goes for necessary purchases, like food and clothing. Consider these issues with a critical eye. How much food do you throw away in a week? Americans waste about 50% of their food, so this is not just a budgeting issue, it’s a genuine environmental one.

If you find holes in your budget, plug them immediately. It might be frustrating for a while, but once you get in the right mindset, you realize there are a lot of things that aren’t essential, no matter what the ads say.

Stick to the Essentials

While you’re on a budget, do everything in your power to avoid unnecessary expenses. You can indulge in some treats once in a while, to keep your spirits up, but make sure you are aware of the fact that these are treats, and they should be addressed as such.

Avoid over indulging during this period. Not just for your finances, but for your health as well. You’re going to want to stay in tip-top shape, both mentally and physically. So be careful how much you eat and drink. Being mindful of the stuff you put in your body is a good habit to have, even if you’re not living on a budget. And it’s not even that hard to do.

Don’t Buy Things Just Because They’re Cheap

This is a common mistake with people living on a shoe string budget. If you need a new washing machine, you’re better off waiting until you can afford a decent one. Buying stuff that’s meant to last on the cheap often ends up being more expensive in the long run than just investing in something that’s slightly more expensive, but made well.

But when you do decide to go for a pricier model, don’t get blinded by shiny baubles, and knobs, and buttons. Consider the features you are going to use. Companies often tack on all sorts of features that sound cool on the box, but are pointless, and don’t make your life easier.

At any rate, these sort of investments shouldn’t be a priority during this period, unless they are things that are vital.

Get a Job That Has Some Perks

If you’re looking to supplement your income, it might be a good idea to find employment in some field that usually offers their employees some benefits. Customer service jobs in the food industry are ideal in this situation, since they have some leeway when it comes to schedules, and there are all sorts of things you can take advantage of, like employee discounts.

Department stores can offer similar perks, so make sure you ask around about some opportunities. The work is not very demanding, and they are always looking to hire new people in these domains. The extra income and the products you can obtain as an employee are sure to take some of the strain off of your finances.

Remember that It Does Get Better

It’s hard to stay optimistic when you’re in a tight financial situation. But bear in mind that you must move on and keep going, there are plenty of people who not only managed to pull out; they went on to lead very successful lives. Maintaining a positive attitude during this period is essential. It’s impossible just to be happy but think of it pragmatically. You have to keep your spirits up in this situation if you’re going to have the drive to go out there and do something about your dreams.

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