#3 – Renting Instead Of Buying
Many adults have to make the decision between renting a home and buying one. For most people, buying is a better choice. Yes, the initial costs are definitely higher; however, recurring monthly costs are usually lower if you own a house and after 30 years or so, you should be able to live rent free once you have paid off your mortgage debt. Also, there’s always the option to sell the house and move into a smaller home, if necessary – a choice you won’t have if you’re still renting