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AssignmentMultiple Select

Case Study: Personal Financial Planning

Question 2 • FL-1700380-Career Research and Decision Making

What expenses do you need to budget for if you choose to rent a home? Check all that apply.a mortgage paymenta rent paymenthomeowners insurancerenters insuranceproperty taxesa security depositutility payments

Answer
A
a mortgage payment
B
a rent payment
C
homeowners insurance
D
renters insurance
E
property taxes
F
a security deposit
G
utility payments

Explanation

When renting, budget for the rent payment, renters insurance, a security deposit, and utility payments. A security deposit is usually paid when you move in, and utilities may be billed separately from rent. Mortgage payments, homeowners insurance, and property taxes are generally the homeowner’s responsibilities, not the renter’s direct expenses.

AI-written and checked against the verified answer.

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