Good Cents by Payactiv
The Financial Benefits of Renting: How to Make the Most of Your Lease
Renting sometimes gets a bad reputation. Buying a home is often considered a sign of financial success or milestone, but for many of us, renting can actually be a more prudent choice based on our goals and current financial situation.
In today’s podcast episode, we dig into when and why renting is better than buying a home and how you can maximize your money as a renter.
Have a financial question for us? Email GoodCents@payactiv.com. Don’t forget to subscribe on Apple1, Spotify, or wherever you get your podcasts.
Here’s the recap of today’s 18-minute episode:
- How Payactiv can help you save money for rent
- Meet Matt Rogers, a homeowner and current renter, and learn about his renting journey
- Factors that impacted increased prices for homes
- The maintenance benefits of renting a home
- How you save by renting and the perks of being a part of a community
- How renting compares to home ownership financially, both in the short term and long term.