Leasing a vehicle has some attractive advantages when compared to buying. But is it the right choice for you?

Let's start by going over what a lease is. Leasing a car essentially means you’re renting it for a certain amount of time, commonly 36-48 months. The owner of the vehicle being leased is known as the “lessor” while the person leasing it is called the “lessee." In this article, we'll assume the lessor is a dealership.

A lease comes with multiple pros and cons, so be sure to do your homework before making a decision. Here are a few of each to help you get started.

Credit is a key part of doing business as an adult. Your credit can be checked whenever you’re applying for a loan, an apartment, an insurance policy, or sometimes even a bank account. That’s why it’s so important to talk with your teenager about the importance of building and maintaining good credit.

As a preteen, your child’s relationship with money will largely involve observing how money works, playing make-believe with money, and saving what they've earned from completing simple tasks (check out our previous blogs for more on this). Once they're in their early teenage years, they'll be ready to move on to the next steps of their financial education.