Renting is a Valuable Idea to Consider to Reduce Household Debt

Before you take on more household debt, seriously consider if you really need the item. Consider the total cost of ownership, such as additional costs, maintenance, fees, insurance, and storage costs, that will become part of your monthly bills, and cut into your finances. Consider how often you will use the item over the course of the year. Then, consider renting as an option to save thousands of dollars.