Having a decent place to live where you and your family feel safe and comfortable is one of the most important things in life. Sometimes knowing you have a place to call your own can help make the other stresses in life a little easier to take.

Housing costs are usually a family’s biggest expense. Even so, when money is tight, most people prefer to cut other expenses so the rent or mortgage is paid every month.

Sometimes, however, events occur outside of our control. Perhaps an emergency leads to a large medical bill. Or maybe a layoff or divorce threatens a housing payment.

Read on for rental and homeowning tips, including what it takes to own and keep your own home. We also provide ideas to help you if you’re at risk of losing your housing.

Your Housing Options