Reference no: EM132561308

Question 1: Preparing a personal budget has always been worked as a great tool for controlling personal finances. Particularly when we make a big decision, it has always been useful to prepare budget. For many people in our country, one of the important decisions they make is whether to purchase a car. The percentage of people in Bangladesh who own a car has increased significantly during the last few years. This is partially because of the starting of operation of Uber in Bangladesh. Another reason can be the result of availability of car loans. Moreover, the interest on car loan is also tax-deductible. Before purchasing a car, you should first consider whether buying it is the best choice for you. Suppose you have just graduated from the university and got a decent job. Should you immediately buy a car?

Question 2: Write response considering the pros & cons and indicating your position regarding this situation. Provide support for your view.