Is Renting Throwing Money Away?

By Steve Stewart
September 20, 2013

The debate of renting vs buying continues. Is renting throwing money away? Not really, even when the monthly payment is the same as a comparable mortgage. Many utilities, even cable, are often included in rent that costs you hundreds of additional dollars when you own a home.

This video proves that renting can buy you patience while building up a good downpayment for a house. Don’t be swayed by the “renting is throwing money away” lie. Instead, pay attention – not interest.

There are many benefits of owning a home but most of them are not financial: The pride of home ownership, added comfort, stability, security, and personalization (remodeling rooms and painting them any color you like).

Want to go deeper? Listen to “House Poor Are You” where I dive deeper into this topic: https://moneyplansos.com/sos031-house-poor-are-you/

Written By

Steve Stewart

https://SteveStewart.me

Hello. My name is Steve Stewart and I HATE YOUR DEBT MORE THAN YOU. I believe everyone should be rich so they can help others in times of need. Life is too short to be this broke! Let's work together on designing a plan for your house of financial freedom.

I may not be creating personal finance content anymore, but I'm still here to encourage you and maybe even answer a question or two about your money. Don't hesitate to reach out!