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Budgeting and Financial Literacy for Renters Toolkit

The ability to create and follow a budget is one of the most important aspects of maintaining housing stability. A renter or homeowner should understand clearly what costs are associated with their housing, as well as what income is available to cover those costs.

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Many renters and homeowners who do not have a clear understanding of their debts, income, and what they need to pay for housing could become easily overwhelmed by the seriousness of falling behind on payments. These situations are often avoidable, or at the very least lessened, with the right tools.