| When things start to feel tight… |
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Keep track of where your money is going.
- Create a budget that shows your current income and expenses.
- Prepare a revised, realistic budget to use until your circumstances improve.
- Contact a qualified housing counselor to review your budget and learn about housing options.
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Increase your Income.
- Collect federal and state benefits if you are eligible.
- Claim the earned income tax or home heating credit if you are eligible.
- Stop all voluntary deductions being taken out of your paycheck.
- Consider selling unnecessary property or assets to raise money.
- Take on a part time job.
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Reduce your Expenses.
- Review every expense for potential savings – reduce or eliminate the unnecessary.
- Pay only for the type of phone service you need (try only one phone line).
- Cancel cable television service temporarily.
- Identify ways to conserve on energy and other utilities.
- Participate in a home weatherization program.
- Review your homeowner’s and auto insurance policies and shop around for less expensive options.
- Claim the owner occupant property tax exemption and any others you are eligible for.
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Equal Housing Lender
