Decisions About Buying a Home or Automobile
• From the second e-Activity, discuss two advantages and disadvantages of renting versus buying a home. Support your rationale with two specific examples of such advantages and disadvantages. Describe two pros and cons of buying a new vehicle instead of a used one. Provide two 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 athttps://www.neamb.com/finance/savings-and-investments.htm#tools or the Home Loans Website located athttps://www.neamb.com/finance/home-loans.htm#tools. After selecting the "Tools" link, choose at least two 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:
o "Buy or Lease a Car", (2 min 13 s)- https://www.cengage.com/finance/book_content/143903902X_garman/financecentral/videos/3-Buy_or_Lease_a_Car.html
o "How Much House Can You Afford", (2 min 12 s)- https://www.cengage.com/finance/book_content/143903902X_garman/financecentral/videos/17-How_Much_House_Can_You_Afford.html
o "Fixed Rate vs. Adjustable Rate Mortgages", (1 min 59 s)- https://www.cengage.com/finance/book_content/143903902X_garman/financecentral/videos/4-Fixed-rate_versus_Adjustable-Rate_Mortgage.html