NewHomeICS16RAP


 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** ||
 * 46" TV || Sony Bravida 46" LCD TV || 1399 || Luxry ||
 * Ipod Nano || Ipod Video Nano with 8 GB memour || 149 || Luxry ||
 * Xbox 360 || Xbox 360 Video Game || 259 || Luxury ||
 * Bedroom Furniture || dresser, mirror, and 3 pc bed || 1099.99 || Necessity ||
 * Sheets || Solid Flannel sheet set || 62.99 || Necessity ||
 * blanket || Fuzzy throw || 19.99 || Luxry ||
 * pillow || King size || 9 || Necessity ||
 * oven || Black self clean oven || 899 || Necessity ||
 * refrigerator || Ebony Black || 1742.49 || Necessity ||
 * Curtains || Sheer curtain panel || 4.99 || Luxury ||
 * Washer || Pulsator Washer || 244.99 || Necessity ||
 * Dryer || Portable Electric dryer || 362.96 || Necessity ||
 * Bean Bag || Medium Tye Dye || 34.19 || Luxury ||
 * Coffee Machine || Black self clean oven || 21.99 || Luxry ||
 * Table || Table wood/ black || 189.99 || Necessity ||
 * chair || Leather || 223.24 || Necessity ||
 * Knives and Forks || 3 pieces || 30 || Necessity ||
 * laptop || silver || 390.99 || Luxry ||
 * Beats Pill || Red || 199.99 || Luxry ||
 * I phone || Rose gold, 16GB || 649 || Luxury ||
 * lamp || Mercury glass || 99.99 || Necessity ||
 * Couch || Hadly Beige Sofa || 688 || Necessity ||
 * Mattress || Full Standard Set || 577 || Necessity ||
 * Bowls || 6 Piece set || 39.99 || Necessity ||
 * Plate || Markets side plate || 23.99 || Necessity ||

=**Questions:**=
 * 1) =Why do people use credit cards? people use credit cards because they allow you to buy things right away and then pay later.=
 * 2) =What are advantages and disadvantages of credit cards? Some advantages of credit cards are they allow you to buy now, pay later, buy expensive things, and if you don't have cash on you. Some disadvantages are you have to eventually pay later and you have to make interest payments.=
 * 3) =What do the following terms mean? credit card, principal, APR, simple interest, monthly payments. Credit card means a card that allows you to buy now, pay later, a principal is the money that you owe, a APR is how much they are going to charge you and you have to know how often they are going to calculate it, Simple interest is money you earn by investing.=
 * 4) =How can understanding the math calculations for the principal, APR, simple and compound interest, and monthly payments of credit card debt affect your overall financial situation in the future? If you understand these things then you will do good in the future. All these things help you manage money well. Understanding these words will also help you stay out of debt and interest payments.=
 * 5) =What is the most important idea you have learned from this lesson? The most important thing I have learned in this lesson is that when you use a credit card it can sometimes be bad. You may think having a credit card is very helpful because you can buy now, pay later, but really sometimes it is bad because you may owe so much money and you may not have it and not be able to pay it back.=