Lesson 4: Demystifying the World of Debt

Question One

Your roommates are planning a trip to Cancun over spring break. You tell them you can’t afford to go, but then you see an ad for a vacation loan offering a way to finance your spring break trip. You:

Answer A: Start packing your suitcase. There's nothing wrong with taking out a loan, is there?Answer B: Give your boots another coat of waterproofing. The only place you're going is the library.