Class finished out study of credit and credit ratings and heard that one of the most important things experts say to do to protect your financial future is to have three to six months expenses on hand (unfortunately, most Americans have about zero months on hand).
We began analyzing the benefits and cost of buying a home. We listened to a podcast describing a new normal in which renting may not be less expensive than owning.
The following graph illustrates some of the costs, ROI, and opportunity costs of a mortgage over ten years:
Next class will focus on mortgages (and insurance); there will be a unit test on Thursday / Friday.
The final exam will be on the last day of class.
We began analyzing the benefits and cost of buying a home. We listened to a podcast describing a new normal in which renting may not be less expensive than owning.
The following graph illustrates some of the costs, ROI, and opportunity costs of a mortgage over ten years:
Next class will focus on mortgages (and insurance); there will be a unit test on Thursday / Friday.
The final exam will be on the last day of class.
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