1.  You’ll make a lot of purchases in your life, some of the big ones being:  Television  Computer  Car

2.  If you stay on campus, you will be in residence  If you stay off-campus, you would rent a student house near the college How do the prices compare? FEES (/month) RESIDENCEOFF-CAMPUS Room$800$400 FoodMeal Plan: $200Grocery Store: $100-$150 Laundry$1.75 per machine per wash Usually included

3.  One of the biggest investments people make is buying a house  Until buying a house, most people find renting to be more affordable  There are pros and cons to doing both, and which option you choose depends on your individual financial situation

4. EXPENSESRENTINGBUYING Monthly PaymentRent: $1200Mortgage: $2000 House RepairsLandlord takes care$300 - $600/month UtilitiesLandlord takes careGas, Hydro, Water Internet & CableLandlord takes care$100 - $200/month What seems better? Renting or Buying?  Renting seems to be easy street  Buying looks REALLY expensive  BUT: when you buy a house, you are buying an investment that generally increases in value, so when you sell your house, you make the difference.

5. Janice has found a one-bedroom apartment for rent on Meant4Rent.ca that costs $725 per month, with cost of utilities included. A parking pass costs $45 per month. If she rents the apartment, Janice will be required to sign a one-year lease 1. What is Janice’s total rental cost per month with a parking permit? 1. 725 + 45 = $770 per month 2. How much will she pay over the term of the lease? 1. 770 x 12 = $9240 for 1 year

6. John is in his third year of college and is a tenant in the basement apartment of a house. His expenses are as follows: EXPENSEFREQUENCYAMOUNT1 YEAR EQUIVALENT AMOUTN RentEvery month$525= 525 x 12 = $6300 Electricity BillEvery 2 months$130= 130 x 6 = $780 Water BillEvery 4 months$220= 220 x 3 = $660 Television BillEvery month$53= 53 x 12 = $636 Cell Phone CardEvery month$50= 50 x 12 = $600 TOTAL: $8976 *Notice: Total does not include tuition, groceries, clothing, transportation or emergency money.

7.  In addition to the previously mentioned expenses:  Renters are usually expected to pay 1 st and last month’s rent at the start  Last month’s rent is a security deposit, should any property get damaged during the tenant’s stay, or if the tenant suddenly leaves

8.  Whenever you move into a place, look for problems, such as leaky faucets, stained floors, broken cabinets, bugs, etc.  Take pictures of the rental before you move in so you have proof of its state when you moved in