1. Given the previous calculations, write a paragraph explaining how you would prepare financially to buy the car. Would you invest the $7,500 and wait until it grows to $9,500? Would you add to the investment of $7,500 so it will grow to $9,500 by the time you want to buy the car? Would you invest the $7,500 for a little longer and come up with the rest of the money when you want to buy the car? Explain your answer.

2. When making a big purchase, like a car, there are many factors to consider. You can save the money up front by investing (or other means) so that you can pay the full amount at the time of purchase. You can take out a loan, paying less up front, but more in the long run so that you can buy it without having to wait until you have the full amount saved. You can buy a new car or a used car. When considering a big purchase like this, it is important to weigh all the options. This process usually involves talking it over with others and researching the various options. In this process, do you ever consider what the Bible has to say about money? There are over 100 verses/passages in the Bible that speak to a godly perspective on money and wealth. Take a few minutes to read these articles and consider what the Bible has to say about the above scenario.

Managing Money God's Way by Dave Ramsey

7 Biblical Principles for Saving and Investing Your Money by Chris Cagle

explain one or two Biblical perspectives on finances and how they would change or influence the way you look at the above scenario (purchasing a car). Use specific scriptural references in your answer.