Though it always will feel good to own things, as you know where they are and what condition they are in, there is something to be said for renting responsibly as well. It may not necessarily be the most cost effective solution for long-term decision making, but in many cases, you’ll save money by not wasting it on things that do not need to be purchased.
Case in point, the five things below, including industrial construction mats, vehicles for long journeys, carpet cleaners, musical instruments for your middle school kids, and of course, a temporary place to live.
Industrial Construction Mats
Vehicles for Long Journeys
It can also seem like an unnecessary expenditure when you think about renting a car for a long distance drive, but think of the benefits really quickly. If your car dies on the road, you are out a car. If a rental has issues, you just get a new one and carry on. Plus, if you get a rental that is a step up in terms of ‘luxury,’ it is like having a mini vacation inside of your vacation! Just chock it up to part of the expense of the vacation.
When you rent an industrial carpet cleaner, you are getting the chance to do a total, rugged overhaul of your carpet – pet accidents, food stains and all. You can buy consumer ones, but they do not quite do the job the big ones can handle, so you might as well save the cash that you would use to buy something and just do a once per year rental.
Instruments for Your Middle School Children
Musical instruments are expensive! But music is important, especially to school age kids. However, it is hard to reconcile spending that much money on something that you’re not sure your kid is going to stick with, so if you rent, or even ‘rent to own,’ you might find that it is the best decision in the end.
A Temporary Place To Live
And that last, final biggie. You may really want to buy a home, but renting an apartment is a much smarter decision in many instances. And yes, many homeowners will tell you they are proud of their decision, but apartment renters often have more money and a bit more long-term freedom.