Financial Fitness Tips: Should you Own or Rent Your Home?

homeo wnershipThis week, Matt Bell from Sound Mind Investing offered a thought provoking post: Is home ownership a good thing? Based on today’s economic conditions, depreciation and maintenance costs can erode appreciation.

Personal Finance

Three Drawbacks to the Dave Ramsey Plan (Simple Dollar) – General agreement to the Dave Ramsey plan, but a few areas of the plan that you might not agree with either.

How to Save Money on Clothes (Young Adult Finances) – A number of tips to help you make smart decisions with clothes. Buying fewer clothes that are higher quality is one way to save.

6 Free Ways to Do Your Taxes on Your Tablet or Smartphone (Christian PF) – It’s amazing that you can now file your taxes on your smartphone or tablet. According to this post, TurboTax offers the full version of their software on the iPad.

How to Organize Financial Paperwork (Take a Smart Step) – A good workflow for paperwork and how to keep it from being such a burden. As I type this, I have a pile of papers waiting to be filed. :(

Can Organizing Your Closet Save You Money? (The Christian Dollar) – Organizing and taking inventory of the things in your close can help you avoid overspending on clothes.

Business & Entrepreneurship

How to Make Money with Your Skills and Knowledge (Financial Highway) – Take inventory of your skills and determine which ones may be of benefit to others. Can you monetize those skills?

3 Strategies to Run Your Freelance Business More Efficiently (Careful Cents) – Some good advice on how to work on your business and not in it.

Career & Work

Is That Job Right for You? How to Know if a Job Offer is a Good Fit (Cash Money Life) – Fitting the company culture, what you can learn about the company online and other criteria that may come in handy if you’re considering a job change.

How A Cushy Job Can Be Your Ticket To Financial Freedom (Good Financial Cents) – How your current job may be a way to start your own business.

OMD Recap

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About Jason Price

Jason Price is a family man saved by grace, passionate about faithful financial stewardship (1 Cor 4:2 NIV), soccer and the Pacific sun.

  • Chris Holdheide

    The only thing I like about renting versus owning is the fact that when you rent you don’t have to pay any property taxes which can really be costly depending on where you live.

    • Jason Price

      I also think renting provides more flexibility. Matt states in his article home buying is still good for those who plan to be there a while (maybe 5 years or more). I used to be completely opposed to renting, but I’m not so sure anymore. It makes sense for certain situations.

  • Shawn @ PipsToday

    Hi Jason, that’s good financial
    tips for everyone. Jason, I am also trouble with my rent home there lots of
    problem occurs, so I am discuss with my wife and we planned to buy own home but
    due to some financial issue we are extend our plan, today I have read your
    article, Your financial tips are really helpful for me, Thanks Jason.