New+House+Project+ICS16Coulman


 * **Item** ||  **Description**  ||  **Item Value**  ||  **Luxury**

**Necessity** || ||
 * Bed Frame ||  Bed Frame  || $56.02 || necessity ||
 * Refrigerator ||  Refrigerator  || $449.00 || necessity ||
 * Mattress ||  mattress  || $205.00 || necessity ||
 * Washer ||  Washer  || $650.00 ||  necessity  ||
 * Dryer ||  Dryer  || $360.00 ||  necessity  ||
 * Blanket ||  Blanket  || $30.00 ||  necessity  ||
 * Pillow ||  Pillo  || 30 ||  Necessity  ||
 * TV ||  TV  || 1600 ||  Luxury  ||
 * Play Station 4 ||  Play Station 4  || $349.00 ||  Luxury  ||
 * Big Joe Bean Bag Chair ||  Big Joe Bean Bag Chair  || $90.00 ||  Luxury  ||
 * Couch ||  Couch  || $!69.00 ||  luxury  ||
 * Book shelf || Book Shelf || $199.99 || Luxury ||
 * Bike ||  Bike  || $450.00 ||  Luxury  ||
 * Macbook Pro ||  Macbook Pro  || $1,169.00 ||  Luxury  ||
 * Iphone 6s plus ||  Iphone 6s plus  || $750.00 ||  Luxury

=**Questions:**=
 * 1) =Why do people use credit cards? They use them to buy now pay later.=
 * 2) =What are advantages and disadvantages of credit cards? Well the advantages are that if you pay later you can get the thing Disadvantage?? =
 * 3) =What do the following terms mean? credit card, principal, APR, simple interest, monthly payments Credit card is when you buy now pay know and pay later. Principal is the amount you owe each month and APR is the annual percentage rate simple interest you don't need to know the principal amount to your pay your bills. (Yes, you do need to know the principle amount.) Monthly payments the amount you pay each month.=
 * 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? It affects you cause you need to watch out for your money.=
 * 5) =What is the most important idea you have learned from this lesson? Ho w much work it is to do a budget.=