Pages and Numbers come free with new macs these days, so you can give them a try. Whether you're prepared to switch from the Word and Excel way of doing things and use Pages/Numbers instead is another question though that you need to answer. OpenOffice was originally created by Oracle but is now developed by Apache and one of the most widely used MS Office alternatives on Mac. If it's just simply home use, then Numbers should be fine. OpenOffice for Mac is a completely free alternative to Microsoft Office for Mac and the equivalent of Word in OpenOffice for Mac is Writer. Again though, it really depends on what you use Excel for. Trying to use it to work with complicated Excel documents is not something I would recommend and it lacks far too many features that Excel offers. Numbers is just not great, in my opinion. Pages is a nice and simple replacement for Word, but if you're trying to work on complex Word documents with Pages, then it's just a no-go area. It does all depend on what your uses are. My issue with the OS X versions though is that they are just not very good when compared to the Windows versions, so I prefer to Bootcamp and use Office from Windows. I believe that you can use your office 365 license for the new version, but if you buy the boxed version now, then you're stuck. However, there are plenty of rumours that Office 2015 for Mac will be coming out soon(ish). You can still buy the boxed versions of Office for Mac (various editions available) on places like Amazon, or I am pretty sure if you do the 365 subscription, then you can download it from the Microsoft site and use your license. The applications most equivalent to MS Word and MS Excel in OS X would, funnily enough, be MS Word and MS Excel.
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