In determining your credit capacity,you should provide for basic necessities first.An example is:

Question

Quizplus · Accepted Answer

Basic necessities include essential living expenses such as housing costs, food, and utilities. Mortgage or rent is a primary expense that should be provided for before considering other expenses like furniture, home furnishings, or durable goods. Your automobile may also be important, but it would be secondary to your housing costs.

In Determining Your Credit Capacity,you Should Provide for Basic Necessities