With some types of purchases, it's better to wait. Items that tend to depreciate greatly over a very short time are electronic devices. Wait a few months, and you can get the latest plasma TV or flat screen monitor at a considerably lower cost.
This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision.
Rent vs Buy Calculator
Glossary
Monthly expenses
This is the total of all of your monthly expenses. This includes your expenses for shelter, family, transportation, vacations, entertainment, loan payments, food, clothing, insurance and other miscellaneous items.
Net monthly pay
Input your income from your paycheque. You can enter your paycheque as well as your spouse's paycheque.
Misc income
Any other income that you receive can be entered here.
Income breakdown
View how your income is divided up between your income sources.
Expenses breakdown
View breakdown of your monthly expenses.
*Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
