YourNewHomeicsAR15

**Questions:**
====**Why do people use credit cards?** so people don't have to pay right away and can just keep putting money into their accounts====

====**What are advantages and disadvantages of credit cards?** advantages: you can pay later disadvantages: people can steal them and hack into your bank account====

====**What do the following terms mean? credit card, principal, APR, simple interest, monthly payments.** a card that transfers money from your bank account to wherever you're paying; the differrence of money; when someone gives you money and raises the price for what you have to give back; you pay a certain amount of money every month====

====**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 don't calculate right you can end up in major debt or extra money that you aren't supose to have====

====**What is the most important idea you have learned from this lesson?** how to deal with money and interests====