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April 2024For council and housing association tenantsCONTENTS23Why you might like to buy4Do you have the Right to Buy?6What discount could you get?9Can you afford it?11Other costs of buying a home14Working
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What is can i afford it?
The 'Can I Afford It?' is a financial tool or assessment that helps individuals determine if they have the means to afford a particular purchase or investment.
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Individuals considering significant financial decisions or investments are typically the ones who engage with the 'Can I Afford It?' assessment.
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To fill out the 'Can I Afford It?' assessment, gather your financial information, compare income against expenses, evaluate savings, and analyze potential financial commitments.
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The purpose of 'Can I Afford It?' is to provide a clear understanding of one's financial situation to make informed purchasing or investment decisions.
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Important information includes income, monthly expenses, existing debts, savings, and any potential financial burdens from the purchase or investment.
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