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= **Questions:** = =Why do people use credit cards? So they wouldn't use cash money.= =What are advantages and disadvantages of credit cards? Easier to carry and someone can steal it and your info.= =What do the following terms mean? credit card, principal, APR, simple interest, monthly payments= a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.  of money) denoting an original sum invested or lent.
 * ** How would **
 * You Spend $10,000 Dollars ** ||||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * ||  |||| Total Spent |||| Total Remaining: ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * ||  |||| ** $5,983.00 ** |||| ** $4,017.00 ** ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** || ** Online Source ** ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Intex Pull-out Chair, || water proof || $30 || luxury || __ http://www.amazon.com/Intex-Pull-out-Chair-Colors-Vary/dp/B005OHEYZG/ref=sr_1_15?ie=UTF8&qid=1422467832&sr=8-15&keywords=couch+bed __ ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * indoor basketball hoop || 6 ft || $80 || necessity || __ http://www.amazon.com/Lifetime-Youth-Portable-Basketball-System/dp/B002PL5KYI/ref=sr_1_4?ie=UTF8&qid=1422467626&sr=8-4&keywords=basketball+hoop __ ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * eagles lamp || Very bright || $130 || luxury || __ http://www.amazon.com/Philadelphia-Eagles-Tiffany-Table-Lamp/dp/B001AHPLME/ref=sr_1_6?ie=UTF8&qid=1422467874&sr=8-6&keywords=eagles+lamp __ ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * mini fridge || small || $90.00 || luxury || http://www.amazon.com/Culinair-Af100s-1-7-Cubic-Compact-Refrigerator/dp/B003OBS86U/ref=sr_1_3?ie=UTF8&qid=1422468094&sr=8-3&keywords=mini+fridge ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * boat || large || $120.00 || necessity || http://www.amazon.com/Intex-Excursion-Boat-Set-Model/dp/B005S6GY74/ref=sr_1_1?ie=UTF8&qid=1422468237&sr=8-1&keywords=boat ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * tv || 32 INCH || $180.00 || luxury || []-32-Inch-720p-Model/dp/B0078LSTWU/ref=sr_1_1?s=tv&ie=UTF8&qid=1423071428&sr=1-1&keywords=TV ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * spork || golden || $10.00 || luxury || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * knife || knife || $14.00 || NEcessity || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * old topps sign || sign || $7.00 || luxury || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * drinking fountain || water || $380.00 || luxury || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * tanning bed || big || $2,500.00 || luxury Necessity || /www.google.com/search?q=tanning+bed&safe=strict&es_sm=122&source=lnms&tbm=shop&sa=X&ei=FVzSVMr-NLOwsASa7ILgDg&ved=0CAgQ_AUoAQ&biw=1152&bih=628 ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * huraches size 12 || Size 12 || $130.00 || luxury || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Trampoline || Basketball hoop || $2,045.00 || luxury || [|http://www.amazon.com/Springfree%C2%AE-8x13ft-Trampoline-FlexrHoop-FlexrStep/dp/B004PHO0M8/ref=sr_1_1?s=apparel&ie=UTF8&qid=1423072737&sr=1-1&keywords=trampoline] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * human hamster || inflate || $267.00 || luxury || [|https://www.google.com/search?q=human+hamster+ball&safe=strict&espvd=2&source=lnms&tbm=shop&sa=X&ei=pV7SVPqKGLXCsAT6xYGIDw&ved=0CAgQ_AUoAQ&biw=1152&bih=628#spd=0] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||

The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction.


 * DEFINITION of 'Simple Interest **' A quick method of calculating the **interest ** charge on a loan. **Simple interest ** is determined by multiplying the **interest ** rate by the principal by the number of periods.

An **Monthly** Installment (EMI) is **defined** by Investopedia as "A fixed**payment** amount made by a borrower to a lender at a specified date each calendar **month**. Equated **monthly** installments are used to **pay** off both interest and principal each **month**, so that over a specified number of years, the loan is **paid** off in full." > =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? You will know whats a better deal how to save money and have a good account.= =What is the most important idea you have learned from this lesson? How when I grow up and how to keep my financial account good and save money.=