BUS 215 Week 3 Discussions
Renting vs. Buying
Consider whether renting or buying a home is the best approach to achieving your long-term financial goals. Use the text concepts, tools, and various data (housing rental costs, home sale prices, mortgage rates, etc.) available to you in your geographic area, and your current and future financial condition to analyze your rent or purchase potential. Suggested websites include About.com: Apartment Living/Rental and Texas Apartment Association. Remember to account for any future increase/decrease in costs, mortgage debt, closing costs, insurance, appreciation or loss, taxes, etc., related to your decision. Determine which would be best for you now and in the future. Post to the discussion board a 200 word summary of information gathered, as well as your decision based on this information. Respond to at least two of your classmates’ postings.
Life Insurance
Life insurance can be used to hedge against future risk of financial loss to others (beneficiaries) due to your (policy holder’s) death. But do you need life insurance, and if you do, how much do you need? Read Chapter 12 and use the methods defined (“The Easy Method,” The DINK Method,” “The Non-Working Spouse Method,” and/or “The Family Need Method) as appropriate to conduct your assessment. Determine whether you need life insurance. Then estimate how much, if any, life insurance you should carry. Should you use “term” or “whole life” to meet your needs? What other life insurance products could you use to meet your financial goals? What is the potential that your life insurance needs will change over your life? What would be a good strategy to deal with that change? Determine what would be best for you now and in the future. Did this process reveal something new to you? Post to the discussion board a 200 word summary of your decision and what you learned from the experience. Respond to at least two of your classmates’ postings.
Renting vs. Buying
Consider whether renting or buying a home is the best approach to achieving your long-term financial goals. Use the text concepts, tools, and various data (housing rental costs, home sale prices, mortgage rates, etc.) available to you in your geographic area, and your current and future financial condition to analyze your rent or purchase potential. Suggested websites include About.com: Apartment Living/Rental and Texas Apartment Association. Remember to account for any future increase/decrease in costs, mortgage debt, closing costs, insurance, appreciation or loss, taxes, etc., related to your decision. Determine which would be best for you now and in the future. Post to the discussion board a 200 word summary of information gathered, as well as your decision based on this information. Respond to at least two of your classmates’ postings.
Life Insurance
Life insurance can be used to hedge against future risk of financial loss to others (beneficiaries) due to your (policy holder’s) death. But do you need life insurance, and if you do, how much do you need? Read Chapter 12 and use the methods defined (“The Easy Method,” The DINK Method,” “The Non-Working Spouse Method,” and/or “The Family Need Method) as appropriate to conduct your assessment. Determine whether you need life insurance. Then estimate how much, if any, life insurance you should carry. Should you use “term” or “whole life” to meet your needs? What other life insurance products could you use to meet your financial goals? What is the potential that your life insurance needs will change over your life? What would be a good strategy to deal with that change? Determine what would be best for you now and in the future. Did this process reveal something new to you? Post to the discussion board a 200 word summary of your decision and what you learned from the experience. Respond to at least two of your classmates’ postings.
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