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A _______ ______ ______ is a goal that will take less than two years to complete
A financial goal that will take 0-2 years to complete is a ?
These are examples of what?
• Save up for a vacation
• Get $500 in savings account
• Paying off a credit card
A _____ _____ _____ is a goal that will take more than two years to complete
A financial goal that takes 2+ years to complete is a ?
These are examples of what?
• Buying a car
• Buying a house
Financial Goals should be?
1. ?
2. ?
3. ?
What is one way to prioritize financial goals?
What is another way to prioritize financial goals?
What do you need to ALWAYS consider when making any goals for your life?
_______ __________ is being able to enjoy the comfort, security, and financial rewards of home ownership for as long as you choose to stay in the property
________ is value of the property minus what you owe on it
These are examples of what:
-Property Taxes
-Mortgage (pay this so don’t go through foreclosure)
-Security
-Maintenance
Are these pros OR cons of renting?
maintenance done for you, furnished (sometimes), amenities, clubhouses, leases
Are these pros OR cons of renting?
landlord, limited privacy, limited decorating
Are these pros OR cons of buying a house?
Freedom to decorate, property taxes, equity, security, build credit
Are these pros OR cons of Buying a house?
Mortgage payments, you do maintenance, long-term choice, risk of foreclosure
Does mortgage have to do with renting or buying?
True or False:
A House your are buying has a rent payment.
_________ is the ability to borrow money and pay it back later
