Decisions About Buying a Home or Automobile
- From the second e-Activity, discuss two (2) advantages and disadvantages of renting versus buying a home. Support your rationale with two (2) specific examples of such advantages and disadvantages.Describe two (2) pros and cons of buying a new vehicle instead of a used one. Provide two (2) examples based on your own experiences, the experiences of others that you have observed, or from the readings in this course.
Eactivity: Go to the National Education Associations Savings and Investments Website located at http://www.neamb.com/finance/savings-and-investments.htm#tools or the Home Loans Website located at http://www.neamb.com/finance/home-loans.htm#tools. After selecting the Tools link, choose at least two (2) of the calculators from the list to aid in identifying good personal financial behaviors geared toward saving for a home. Be prepared to discuss.
- Watch the following Chapter 5 Kiplinger videos using the links below and be prepared to discuss:
- Buy or Lease a Car, (2 min 13 s)
- How Much House Can You Afford, (2 min 12 s)
- Fixed Rate vs. Adjustable Rate Mortgages, (1 min 59 s)
