FSBO Jane

The University of Illinois at Urbana-Champaign just recently created a very helpful website for people going through tough financial times right now. It is so needed! They offer advice on how to cut everyday costs, how to relieve stress after a job loss, and lots of helpful ways to reduce costs in your home or how to deal with foreclosure. If you feel like you aren’t too knowledgeable in that area (most people are unfamiliar with their homeowner or rental rights and how a foreclosure process works) then you should definitely check out this website.

Here are some samples of their advice that I found to be the most helpful advice for homeowners:

*Definitely talk to the people you pay your bills to. Whether it is a landlord, a lender or a utility company, it’s always a better idea to discuss your current situation than to just fail to pay a bill.

*When talking with these people, have a financial plan ready. Show them how you plan on cutting costs and that it will be possible for you to pay this money at a later date. Believe it or not, this way is easier for them too than putting together a foreclosure!

*If you can’t pay your mortgage for months to come, plan ahead. Move in with family or friends in order to save on energy bills and food. Move to a cheaper home and rent your current home out for extra income. This site offers tons of ideas!

*You can save on insurance costs by making little changes like installing security systems. The same goes for utility costs.

*Check out all the advice this website offers by clicking here.