Rent or Buy?
Renting a home can be a great short-term solution, but it's easy to get stuck in the "Renter's Rut".
Have you ever stopped to calculate how money you have been spending in rent over the years?
Refer to the chart below to see how much of your money you've been spending on someone else's mortgage.
| Monthly Rent | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years | 10 Years |
| $ 400 | $ 4,800 | $ 9,600 | $ 14,400 | $ 19, 200 | $ 24,000 | $ 48,000 |
| $ 450 | $ 5,400 | $ 10,800 | $ 16,200 | $ 21,600 | $ 27,000 | $ 54,000 |
| $ 500 | $ 6,000 | $ 12,000 | $ 18,000 | $ 24,000 | $ 30,000 | $ 60,000 |
| $ 550 | $ 6,600 | $ 13,200 | $ 19,800 | $ 26,400 | $ 33,000 | $ 66,000 |
| $ 600 | $ 7,200 | $ 14,400 | $ 21,600 | $ 28,800 | $ 36,000 | $ 72,000 |
| $ 650 | $ 7,800 | $ 15,600 | $ 23,400 | $ 31,200 | $ 39,000 | $ 78,000 |
| $ 700 | $ 8,400 | $ 16,800 | $ 25,200 | $ 33,600 | $ 42,000 | $ 84,000 |
| $ 750 | $ 9,00 | $ 18,000 | $ 27,000 | $ 36,000 | $ 45,000 | $ 90,000 |
| $ 800 | $ 9,600 | $ 19,200 | $ 28,800 | $ 38,400 | $ 48,000 | $ 96,000 |
| $ 850 | $ 10,200 | $ 20,400 | $ 30,600 | $ 40,800 | $ 51,000 | $ 102,000 |
| $ 900 | $ 10,800 | $ 21,600 | $ 32,400 | $ 43,200 | $ 54,000 | $ 108,000 |
| $ 950 | $ 11,400 | $ 22,800 | $ 34,200 | $ 45,600 | $ 57,000 | $ 114,000 |
| $ 1,000 | $ 12,000 | $ 24,000 | $ 36,000 | $ 48,000 | $ 60,000 | $ 120,000 |