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 Association’s 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.

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