NewHomeBG15

1.) To buy (an) item(s) that they can't pay for all at once, and need to pay for over time. (Evidence is my purchases spreadsheet)
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** || ** Online Source ** ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * TV Storage Combination || Besta || $155.00 || Luxury || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Bed Frame || Hemnes || $179.00 || Necessity || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Self-Cleaning Oven || Datid || $749.00 || Necessity || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Microwave || Betrodd || $249.00 || Necessity || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * 2 Door Fridge || Kenmore || $260.00 || Necessity || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Memory Foam Mattress || Lucid || $279.00 || Necessity || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Sofa || Ektorp || $499.00 || Necessity || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Lava Lamp || White Wax/ Blue Liquid || $9.99 || Luxury || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Night Stand || Winsome Ava || $35.00 || Luxury || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Dresser || South Shore || $89.00 || Luxury || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Gaming Desk || Atlantic || $90.00 || Luxury || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Computer || Alienware Alpha || $499.00 || Luxury || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Monitor || Alienware || $269.00 || Luxury || [|https://www.google.com/search?safe=strict&es_sm=122&biw=1440&bih=785&tbm=shop&q=alienware+desktop+monitor&oq=alienware+desktop+monitor&gs_l=serp.3..0.38923.42071.0.42237.10.9.1.0.0.0.259.1183.3j5j1.9.0.msedr...0...1c.1.61.serp..5.5.574.6gZjTtIDqOA#spd=1669825714828218951] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||

2.) Some advantages are that they allow for someone to buy necessities now and pay late or over time, but it also allows for impulse spending which can put you in a deep hole. (Evidence is in the Khan Academy video)

3.) Credit Card - a type of payment option that allows someone to buy now and pay later Principal - the money you are borrowing that you need to pay back APR - Annual Percentage Rate Simple Interest - Principle*Rate*Time (P*R*T) Monthly Payments - a set amount of money taken out of your account every month to pay off your interest (Evidence is in Khan Academy video, purchases spreadsheet, and simple interest calculator)

4.) It can help you because if or when you are in debt, you can get out of it easier and you may not ever be in debt. (Khan Academy Video)

5.) Control your credit card and never become in debt.