In Part 1 of this article series we looked at some of the general points about buying versus renting a home. If, however, we wanted to look at it from a strictly financial perspective, how could this be approached?
http://caridollarsandsense.com/buy-vs-rent-a-home-financial-considerations/
Life is full of risks and we all adopt active or passive approaches to manage the risks that we face, even if we may not realize it. In this article, we will examine the types of risks we face and the different methods we can use to manage them. We are restricting the types of risks to personal financial risks i.e. we are not addressing business or commercial risks.
http://caridollarsandsense.com/how-to-manage-personal-financial-risks/
Deciding whether to buy or rent a home is a big decision, and we’re sure you’ve heard that renting is throwing money away, or some variation of this statement (e.g. when you rent you are only paying the landlord’s mortgage). In this three-article series we’ll examine various aspects of buying versus renting. You’ll discover the “right’ answer would vary by personal preference and a mix of financial and emotional arguments. Firstly, let’s explore some of the general points you’ll likely consider.
This Personal Finance tip is sponsored by CariDollarsAndSense, a JobsTT partner.
We continually emphasize that an important aspect of managing your personal finances is improving your ability to earn income. While reducing your expenses would provide an immediate increase to your savings, there comes a point when further expense reductions could be difficult; instead you need a higher level of income. Increasing income, however, takes time and investment, so managing your career upwards is a critical aspect of developing strong finances.
Build upon a business need
Build a productive working environment
Build a sense of mission and purpose
Build clear goals and expectations
Be sure the meeting is positioned correctly
Be honest and transparent