NewHomeRT15

=**Questions:**=
 * 1) =**Why do people use credit cards?** So that they can spend money that they don't have at that time and can pay it back later.=
 * 2) =**What are advantages and disadvantages of credit cards?** One advantage is that you don't need to have the money at the time of purchase. A disadvantage is that it allows for impulse spending.=
 * 3) =**What do the following terms mean? credit card, principal, APR, simple interest, monthly payments?** They can affect your overall financial situation in the future because knowing all of that teaches you to be more aware in the future of your finances.=
 * 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?** The most important thing I've learned is about APR.=
 * Questions:**
 * 1) Making only the minimum monthly payment will get you out of debt quicker? True or False. Justify your answer with examples.
 * 2) The higher the interest rate, means you will pay less interest in the long run? True or False. Justify your answer with examples.
 * 3) Paying down on the principal will get your out of debt faster? True or False. Justify your answer with examples.
 * 4) You should pay off your credit card bill every month? True or False. Justify your answer with examples.
 * Samsung galaxy || Samsung galaxy s5 titanium || $100 || luxury || http://www.bestbuy.com/site/samsung-galaxy-s-5-active-4g-cell-phone-titanium-gray-at-t/6752003.p?id=1219238020902&skuId=6752003 ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Sheets set || Seattle Seahawks Twin || $33 || Necessity || []=g&wl2=c&wl3=42529937072&wl4=&wl5=pla&wl6=81187414232&veh=sem ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Pillow || Marshawn Lynch Toss Pillow || $20 || Necessity || []=g&wl2=c&wl3=42529937072&wl4=&wl5=pla&wl6=81187414232&veh=sem ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * lamp || Seattle Seahawks Table Lamp || $150.00 || luxury || http://www.fanatics.com/Seattle_Seahawks_23_Mission_Table_Lamp/partnerid/8429/source/GPA_CA?1353447 ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * microwave || Emerson Stainless Steel Urban || $69.99 || Necessity || http://www.target.com/p/emerson-7-cu-ft-stainless-steel-urban-microwave/-/A-14013204?ref=tgt_adv_XSG10001&AFID=google_pla_df&LNM=14013204&CPNG=Appliances&kpid=14013204&LID=3pgs&ci_src=17588969&ci_sku=14013204&kpid=14013204&gclid=CIfS_tWgt8MCFdgQgQod9pMAWg ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * TV || LG - 42" Class-LED-1080p-Smart-HDTV-Silver || $499.99 || luxury || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * washer &dryer || LG - 4.3 Cu. Ft. 14-Cycle Washer and 8-Cycle Dryer Electric Combo – White || $1,709.99 || Necessity || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * laptop || Toshiba Satellite P50-BBT2N22 Laptop || $749.99 || Necessity || http://www.toshiba.com/us/computers/laptops/satellite/P50/P50-BBT2N22?src=ANEM&cm_mmc=SF_GooglePLS&CAWELAID=400007100000004886&catargetid=400007100000005272&cadevice=c ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * mini fridge || Kenmore 4.4 cu. ft. Compact Refrigerator - Stainless Steel || $209.99 || Necessity || http://www.searsoutlet.com/d/product_details.jsp?pid=130590&mode=buyUsedOnly&sid=IDx20110411x000008&ci_src=17588969&ci_sku=U991130590 ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * chair || Contemporary Leather High-Back Office Chair, Black || $124.98 || Necessity || http://www.walmart.com/ip/High-Back-Black-Leather-Contemporary-Office-Chair/14014329?action=product_interest&action_type=title&placement_id=irs_top&strategy=PWVUB&visitor_id=LPZZAkj-3DUZQc8TJd43Q4&category=&client_guid=79851285-27b4-4276-80a5-1de762ecff4a&customer_id_enc=&config_id=2&parent_item_id=24223718&parent_anchor_item_id&guid=86decead-078a-4800-8109-4b10f43a8fdb&bucket_id=irsbucketdefault&beacon_version=1.0.0&findingMethod=p13n ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Dog || American Pitbull terrier || $1,000.00 || luxury || http://www.dogbreedinfo.com/americanpitbull.htm ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Dog Food || Blue Buffalo Life Protection Formula Adult Chicken & Brown Rice Recipe Dry Dog Food || $70.19 || Necessity || http://www.chewy.com/dog/blue-buffalo-life-protection-formula/dp/32041?utm_source=google-product&utm_medium=cpc&utm_campaign=f&utm_content=Blue%20Buffalo&utm_term=&gclid=CJHggsDtyMMCFUEV7Aod2jgAOw ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Shoes || Air Jordan 29 || $225.00 || Necessity || http://store.nike.com/us/en_us/pd/air-jordan-xx9-basketball-shoe/pid-10204085/pgid-10232626 ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Bouncy House || Sports n Hops Bounce House by Island Hopper || $700.00 || luxury || http://www.bouncehousesnow.com/buy/pc/Sports-n-Hops-Bounce-House-by-Island-Hopper-p854.htm?gclid=CIaAq4rvyMMCFS0Q7AodU2IATQ ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Hampster ball || HUMAN SIZED HAMSTER BALL || $942.42 || luxury || http://www.dhgate.com/product/zorb-ball-zorbing-human-sized-hamster-ball/211856937.html/?utm_source=pla&utm_medium=GMC&utm_campaign=maarte&utm_term=211856937&f=bm%7c211856937%7c102002-Sports&OutdoorPlay%7cGMC%7cAdwords%7cpla%7cmaarte%7cUS%7c102002002-InflatableBouncersPlayhouse&Swings%7cc%7c%7c0HRF%7c&gclid=CLHo5euK2MMCFUnl7AodzFgAXA ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||