Determining the amount of money you can afford to borrow on a personal loan is a decision that should be included in your personal financial plan.

Question

Quizplus · Accepted Answer

Including the decision on how much money you can afford to borrow in your personal financial plan is important for ensuring that you do not overextend your finances and can comfortably manage the loan repayments within your budget.

Determining the Amount of Money You Can Afford to Borrow