For some money trade-off decisions, make complex financial calculations as needed. On the other hand, there are times when we may not even be aware of having made a choice.
Your Home: Buy or Rent
Owning versus renting your home is among the most common money trade-offs involving personal preferences, age factors, and your financial situation.
A Car: Buy, Lease or Borrow
If owning your home is seen as the American dream, our culture has long embraced car ownership as a faithful supplement to our lifestyle.
The tradeoff on buying or leasing a car is similar to owning or renting your home. A third option to buying or leasing a new car is buying a certified used car.
Saving For College Or Retirement: A Tough Choice
When faced with helping your children with their college funding or tapping your retirement money, it becomes a tough choice you don’t have to make.
Save For College Early Using A 529 Savings Plan
The more money you can put into these funds, the greater likelihood of lower borrowing in your children’s college years