Rent versus buy. Usually that debate deals with houses. But not always.
We love to buy brand new... only to dump that once "gotta have" on Craigslist.
The consumer blog Budgets Are Sexy came up with four "buys" that you should highly consider switching to "rents" instead. Here they are:
- Tools. Have you ever bought some expensive tool, like a chainsaw, but only use it a couple of times? Instead rent it for a few hours from a place like Home Depot.
- Evening gowns/prom dresses. Unless you plan on wearing the same chiffon and sequins over and over again.
- Textbooks. New ones can set you back several hundred dollars a piece. Even tougher to swallow if your college student never opens them. Buy used or check out online textbook rental companies like Chegg.com.
- Caskets. A little creepy, right? But have you seen how expensive funeral are today? Budgets Are Sexy says rent a big pretty one for the funeral for a few hundred dollars, and then transfer the departed into something more economical for burial.
I realize not everyone will agree with that last one. But renting is definitely worth looking into on the others.