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Why I Rent (And You Should, Too)
Celebrating the freedom that only comes from renting.
Last updated: January 12, 2022
In one of my previous articles, When a $100,000 Salary Isn’t Enough, I outlined my personal expenses and showed how that a six-figure income just isn’t cutting it, especially with a second baby on the way.
One of the main expenses in that article was housing. I spend just over $16,000 on rent or 14.3% of my income. That’s less than half of the suggested maximum for rent.
I was adamant that we were not going to buy anytime soon, and that renting is better than buying for the vast majority of people. This article goes into the nuts and bolts of that statement, describing the benefits of renting in four main areas.
- Money
- Time
- Stress
- Environmental Impact
Money
The standard arguments against renting follow the lines of “you’re just throwing your money away” or “you’re paying someone else’s debt”. On the surface that may ring true, but if you look just a little deeper, those arguments don’t hold any water.
The main financial benefit of renting is that there is a cap to your housing expenses, at least for the term of…
