Savings Corner

DECEMBER 25, 2023

How to use the Rent vs. Buy Calculator The renting-vs.-buying buying question is not something that people usually ask and answer just once. You can see, for example, that we assume your security deposit for renting is equal to one month’s rent, and that you’re making a 20% down payment. Location counts.

Rent 52

Rent Calculators Property Taxes Buy 52

Family Balance Sheet

JUNE 4, 2015

After renting an office for 12 years, we had nothing to show for it and the space was starting to feel a bit cramped. Our business was doing well and it seemed like the right time for us to buy. The building offered so much potential, but needed a lot of work and we set out to renovate our dream office.

Goals 100

Goals Debt Renovation Daughter 100

Family Balance Sheet

MAY 6, 2020

Our small business was going well, so we said so long to renting office space and purchased a commercial property in the summer of 2012. But in August 2013 , our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages: our home and our business.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JUNE 22, 2020

We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Our business was doing very well, and we were excited about the opportunity to own a property outside of our home. Also, the monthly mortgage payment was less than our rent payment.

Debt 130

Debt Health Insurance Insurance Budgeting 130