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5 resources

Housing, car buying and insurance for new adults

Housing and transportation are usually the largest costs in a young adult's budget. These resources show the full cost of a car, what insurance does, and how rent fits into income.

Three first steps

  1. List every cost of owning a car beyond the payment.
  2. Learn what an insurance deductible is.
  3. Find out what rent a given income can support.

The resources

Links go to the original publisher. Check access and cost on each site. Listings are not endorsements.

Questions

Quick answers.

What is a deductible?

The amount you pay yourself before insurance pays on a covered loss.

Is leasing cheaper than buying?

It depends on the terms. Comparing the total cost over the time you will keep the car is the fair test.

When a free resource is not enough

Help from a tutor who explains it clearly.

I tutor personal finance and AP Business with Personal Finance one-on-one on Zoom, for students and with parents in the loop. Bring the assignment or the practice test you missed, and we work from that.

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