Before Taking Out a Loan, You Should Ask Yourself Whether

Multiple Choice

Before taking out a loan, you should ask yourself whether you can meet all of your essential expenses and still afford the monthly loan payments. This can be determined by

A) Adding up basic monthly expenses then adding this total to take-home pay.
B) Asking what you plan to purchase with the loan
C) Multiplying your take-home pay by 50% and subtracting your current loan payments.
D) Adding up basic monthly expensesand subtracting this total from take-home pay, plus figuring out what to give up to make the monthly loan payment.
E) None of the above