Rent vs. Buy: Even Caskets?
My college son is taking a summer class at a local community college. While tuition is cheap, his textbook cost $250. One lousy book he probably won’t even open.
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. I have three boys so I don’t worry about this one.
- Textbooks. New ones can set you back several hundred dollars a piece (see above). Even tougher to swallow if your college student never opens them (see above). Buy used or check out online textbook rental companies like Chegg.com.
- Caskets. Rent a casket? A little creepy, right? But have you seen how expensive funerals 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. Who’ll know?
I realize not everyone will agree with that last one. But renting is definitely worth looking into on the others.
Story tip from Consumerist.com