Ready to become a homeowner? A practical tool to guide your decision

Arrie Pieterse -

Deciding whether to rent or buy is one of the biggest financial choices most of us face, and it’s not always straightforward. Do you keep renting for the freedom and flexibility, or buy a place and start building equity?

With so many opinions and “rules of thumb” out there, it’s easy to feel stuck.

Sometimes we think we should own a home by a certain age or life stage. But everyone’s situation is different. At 48, you might be travelling a lot and not need a permanent home in one city. At 24, some people are ready to settle into a home they’ll live in for years to come.

That’s exactly why we created the Wealthbit Buying vs Renting tool. This free, practical workbook provides a clear view of both options, allowing you to make a choice that truly works for your life with confidence. It reveals all the hidden costs and factors associated with buying a home, helping you understand the risks and what you’re truly getting into. Agents don’t always spell these out, so this tool is a real game-changer for making informed decisions.

👉 Get the free tool below and finally answer the question: “Should I buy or keep renting?"

What this tool helps you do


🏡 See what fits your life: Your goals and priorities guide whether renting or buying makes sense. Moving soon? Renting offers flexibility. Planning to settle down? Buying may fit better. The tool asks simple lifestyle questions and provides a headline result, such as "renting lean," "buying lean," or "balanced."

💰 Check if you’re ready to buy: Map your income, spending, debts, savings, and emergency buffer. The tool flags whether you’re ready, close, or not quite there yet.

⚖️ Compare renting vs buying: See the true cost of renting versus buying side by side, including savings, mortgage or bond repayments, taxes, and lifestyle impact. Get a realistic snapshot of how each option affects your finances, helping you make informed decisions based on your overall financial picture.

📊 Explore long-term insights: Renting isn’t “throwing money away,” but rent rises without building an asset. Buying comes with costs like levies, insurance, and maintenance. The “Over time: Buying or renting?” sheet illustrates how costs, savings, and potential equity could unfold over 5, 10, or 20 years, enabling you to create a long-term plan that suits your life.

This tool is part of our Financial Freedom Programme™, where we help teams stress less about money and build smarter money systems.

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Buying vs renting: which is smarter for your money and lifestyle?

Sync your life goals with your money goals: A practical workbook