Question 5
Krissy has recently decided that she wants to save money to purchase a motorcycle. She has a job, but she is not sure what her income will be for the duration of the loan. She is also worried she can't afford a loan in addition to
insurance and her expensive lifestyle.
What should be her first step in determining whether she can afford the motorcycle and why?
A
Krissy needs to first find ways to spend less on her expensive lifestyle in order to save money.
B
Krissy needs to first estimate her income for the duration of the loan to see how much she can spend overall
C
Krissy needs to see how much motorcycle insurance will cost to better estimate how much money she needs to save.
D
Krissy needs to first make a list of spending priorities to decide how much she really wants the motorcycle.