Decisions About Buying a Home or Automobile

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.

• 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)
  • Note to myself: SD DQ2 Wk3