Transitional HousingTransitional Housing

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WelcomeWelcome

IntroductionsIntroductions

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ObjectivesObjectives

Dealing with an emergency housing situation

Finding ways to generate income Controlling expenses and cutting debt Starting a savings habit

Dealing with an emergency housing situation

Finding ways to generate income Controlling expenses and cutting debt Starting a savings habit

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If Your Housing Is At Risk NowIf Your Housing Is At Risk Now

Talk to your landlord ASAP• Give a brief reason for the temporary problem• Is there work you can do for the landlord?• Avoid arguments • Put your plan to catch up on back rent (if any)

in writing

Talk to your landlord ASAP• Give a brief reason for the temporary problem• Is there work you can do for the landlord?• Avoid arguments • Put your plan to catch up on back rent (if any)

in writing

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Finding Emergency HelpFinding Emergency Help

Get a loan from friends Get aid from religious, veterans’, or

nonprofit groups Get an advance on wages SNAP Use emergency food stamps

Get a loan from friends Get aid from religious, veterans’, or

nonprofit groups Get an advance on wages SNAP Use emergency food stamps

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Ways to Earn Extra MoneyWays to Earn Extra Money

Part-time jobs Volunteering at a nonprofit

• Gain experience• Make job connections

Sell your stuff• Garage sale

Part-time jobs Volunteering at a nonprofit

• Gain experience• Make job connections

Sell your stuff• Garage sale

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Needs and WantsNeeds and Wants

What is the difference between “needs” and “wants”?

We all have limited finances We all need to make decisions on what to

buy now or wait to buy later and what we don’t need at all

What is the difference between “needs” and “wants”?

We all have limited finances We all need to make decisions on what to

buy now or wait to buy later and what we don’t need at all

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Controlling ExpensesControlling Expenses

Utility bills Transportation costs Food costs Plug spending leaks

Utility bills Transportation costs Food costs Plug spending leaks

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Tracking Your Money FlowTracking Your Money Flow

Create a Spending Plan• Identify your income• List your expenses• Compare income and expenses

Create a Spending Plan• Identify your income• List your expenses• Compare income and expenses

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Dealing with DebtDealing with Debt

Top 10 signs of too much debt Nine quick ways to start getting out of debt Avoid predatory lenders

• Pawnshops• Rent-to-own• Tax refund–anticipation loans• Check-cashing stores and payday loans

Top 10 signs of too much debt Nine quick ways to start getting out of debt Avoid predatory lenders

• Pawnshops• Rent-to-own• Tax refund–anticipation loans• Check-cashing stores and payday loans

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Starting a Savings HabitStarting a Savings Habit

Start Saving Now• Using bank or credit union accounts• Paying yourself first• Saving for emergencies

‣Goal: Set aside enough to cover three months of basic living expenses

Start Saving Now• Using bank or credit union accounts• Paying yourself first• Saving for emergencies

‣Goal: Set aside enough to cover three months of basic living expenses

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ReviewReview

Dealing with an emergency housing situation

Finding ways to generate income Controlling expenses and cutting debt Starting a savings habit

Dealing with an emergency housing situation

Finding ways to generate income Controlling expenses and cutting debt Starting a savings habit

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