Chapter 11 Housing and Renting

Front

It's best to develop good ______ now instead of waiting until you're on your own to figure it all out.

Back

money habits

Front

Renting is a great option for many people.

Back

true

Front

Your rent payment should total no more than ____% of your take-home pay.

Back

25

Front

When you're ready to buy a house, the best option is a ______.

Back

15-year fixed-rate conventional mortgage

Front

What does cost of living refer to?

Back

The average cost of the basic goods and services needed to maintain a certain standard of living.

Front

Making periodic payments to a landlord for the use of their property is called _____.

Back

renting or leasing

Front

You should rent until you are able to _____?

Back

buy a home the right way

Front

Buying a house while _____ can put your ______ at risk.

Back

in debt; home purchase

Front

Living on campus at college will help you _____ living on your own, while living off campus will require you to _____

Back

ease into; pay for rent, utilities, and groceries

Front

Your decision to rent or buy depends on your _____?

Back

financial situation