Buy vs Rent a Home: An Example

Buy vs Rent a Home: An Example

In Part 1 and Part 2 of this article series we looked at some of the financial and non-financial considerations for buying versus renting a home. In this Part 3, we wanted to explore the generally stated concept that renters are worse off than homeowners. Is this automatically the case? To begin, let’s make a few assumptions: We have two individuals, one who wishes to buy, while the other wishes to rent Both have the same financial resources

Couples Finances – Newlyweds

Couples Finances – Newlyweds

You just got married; the honeymoon’s over; a lot is changing quickly; and many things are competing for your attention, including your new spouse. While you hope romance will be foremost, Life will inevitably take on greater importance, with no greater reality than the major way money will impact your life. To help your prepare, let’s highlight some of the more important financial issues that you’ll likely face. As a  reminder, we covered two aspects of Couples Finances in other

Buy vs Rent a Home: Financial Considerations

Buy vs Rent a Home: Financial Considerations

In Part 1 of this article series we looked at some of the general points about buying versus renting a home. If, however, we wanted to look at it from a strictly financial perspective, how could this be approached? Post Contents1 Metrics1.1 Rent Yield1.2 Price-to-Rent ratio2 Costs of Homeownership2.1 Upfront costs2.2 Ongoing costs3 How much can you afford4 Interest rates Metrics We try to use two metrics when trying to assess if rental rates or house prices

How to Manage Personal Financial Risks

How to Manage Personal Financial Risks

Life is full of risks and we all adopt active or passive approaches to manage the risks that we face, even if we may not realize it. In this article, we will examine the types of risks we face and the different methods we can use to manage them. We are restricting the types of risks to personal financial risks i.e. we are not addressing business or commercial risks. A financial risk exists if we

Buy versus Rent a Home

Buy versus Rent a Home

Deciding whether to buy or rent a home is a big decision, and we’re sure you’ve heard that renting is throwing money away, or some variation of this statement (e.g. when you rent you are only paying the landlord’s mortgage). In this three-article series we’ll examine various aspects of buying versus renting. You’ll discover the “right” answer would vary by personal preference and a mix of financial and emotional arguments. Firstly, let’s explore some of the general

Wedding Dreams & Finances

Wedding Dreams & Finances

Getting married is one of the most exciting decisions you’ll probably ever make. For both bride and groom, planning a wedding can be an emotional roller coaster – on one hand, you’re filled with euphoria, and on the other, you feel stressed from the countless decisions to be made. In addition, as with most important life events, planning a wedding can be a source of financial stress because you have to balance your wedding dreams

Resume Tips

Resume Tips

We continually emphasize that an important aspect of managing your personal finances is improving your ability to earn income. While reducing your expenses would provide an immediate increase to your savings, there comes a point when further expense reductions could be difficult; instead  you need a higher level of income. Increasing income, however, takes time and investment, so managing your career upwards is a critical aspect of developing strong finances. We have dedicated a few

A $mart & Merry Christmas

A $mart & Merry Christmas

♫ Oy yoy yoy ay yay yay! It’s Christmas! Merry Christmas! ♬ Are you walking around singing Baron’s tune all day? Well ‘tis the season for parang, black-cake, and endless food and drinks. But are you feeling a little anxious over the added expenses that come with the festivities? Well you don’t have to lock your door or say you’re sick just to avoid the costs altogether. It only takes a proactive and creative approach

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