NewHomeOliva

New Home Spreadsheet
 * ** How would **
 * You Spend $10,000 Dollars ** ||
 * ||  |||| Total Spent ||
 * ||  |||| ** $2,699.20 ** ||
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** ||
 * Fridge || Amana Stainless steel || $891 || Necessity ||
 * Sofa and Bed || Delany sofa sleeper || $208 || Necessity ||
 * Washer || Kenmore || $210 || Necessity ||
 * Dryer || Hotpoint || $225.00 || Necessity ||
 * TV || HD TV || $64.99 || Luxury ||
 * Dinning room table || Latitude run || $136.99 || Necessity ||
 * Utensils || Room essentials || $20.00 || Necessity ||
 * Cups || Ekobo || $10.00 || Necessity ||
 * Microwave || Sunbeam || $49.99 || Necessity ||
 * vacuum || Dirt devil || $50.99 || Necessity ||
 * Dinning room chair || Sally cross || $120.99 || Necessity ||
 * Chair || Big Joe || $258.00 || Luxury ||
 * Plates || Cteres || $24.99 || Necessity ||
 * Rug || Shea || $27.99 || Necessity ||
 * Lamp || Marston || $360.00 || Luxury ||
 * Blender || Nutribullet || $40.00 || Luxury ||

Compound Interest Spreadsheet I would pay $371.67 for 34 months
 * || APR=15% || Compound Interest ||  ||
 * Principle || % month || Amount Due || Payment ||
 * $10,000 || 1.25% || $10,125 || $371.67 ||
 * $9,753 || 1.25% || $9,875 || $371.67 ||
 * $9,504 || 1.25% || $9,622 || $371.67 ||
 * $9,251 || 1.25% || $9,366 || $371.67 ||
 * $8,995 || 1.25% || $9,107 || $371.67 ||
 * $8,735 || 1.25% || $8,845 || $371.67 ||
 * $8,473 || 1.25% || $8,579 || $371.67 ||
 * $8,207 || 1.25% || $8,310 || $371.67 ||
 * $7,938 || 1.25% || $8,037 || $371.67 ||
 * $7,666 || 1.25% || $7,761 || $371.67 ||
 * $7,390 || 1.25% || $7,482 || $371.67 ||
 * $7,111 || 1.25% || $7,199 || $371.67 ||
 * $6,828 || 1.25% || $6,913 || $371.67 ||
 * $6,541 || 1.25% || $6,623 || $371.67 ||
 * $6,252 || 1.25% || $6,330 || $371.67 ||
 * $5,958 || 1.25% || $6,032 || $371.67 ||
 * $5,661 || 1.25% || $5,732 || $371.67 ||
 * $5,360 || 1.25% || $5,427 || $371.67 ||
 * $5,055 || 1.25% || $5,118 || $371.67 ||
 * $4,747 || 1.25% || $4,806 || $371.67 ||
 * $4,434 || 1.25% || $4,490 || $371.67 ||
 * $4,118 || 1.25% || $4,170 || $371.67 ||
 * $3,798 || 1.25% || $3,845 || $371.67 ||
 * $3,474 || 1.25% || $3,517 || $371.67 ||
 * $3,146 || 1.25% || $3,185 || $371.67 ||
 * $2,813 || 1.25% || $2,848 || $371.67 ||
 * $2,477 || 1.25% || $2,508 || $371.67 ||
 * $2,136 || 1.25% || $2,163 || $371.67 ||
 * $1,791 || 1.25% || $1,813 || $371.67 ||
 * $1,442 || 1.25% || $1,460 || $371.67 ||
 * $1,088 || 1.25% || $1,102 || $371.67 ||
 * $730 || 1.25% || $739 || $371.67 ||
 * $367 || 1.25% || $372 || $371.67 ||
 * $0 || 1.25% || $0 || $371.67 ||

5. 6.
 * False because the more you pay monthly the quicker you will be out of debt.
 * False because it all depends on how big the loan is.
 * True because if I pay $371.67 dollars every month for 36 months I will owe nothing at the end.
 * True or else you will have fees and owe more money in the long run.
 * **Discretionary Spending**- A government spending implemented through a bill . This is a Google definition, and not from the book
 * **Net Worth**- A measure of what an entity is worth.
 * **Giving**- to transfer a possession to someone else freely.
 * **Savvy Shopping**- To shop wisely.
 * **Budget**- An estimate of income for a set period of time.
 * **Debt**- Money that is owed or due.
 * **credit card pros and cons**- pros-provides monthly record of how much you spend, easy to manage credit history, some banks offer rewards for using their credit card. Cons- easy to overspend,not all people can qualify for a credit card, not all stores accept credit cards.
 * **debit card pros and cons**- Pros- accepted pretty much everywhere, don't have to worry about getting in debt, good for tracking, and easier to get then credit cards. Cons- fees, fraud, does not help build credit score, and rewards are rare.
 * **Borrow and** **Down payment-** borrow is to take and use then to give back to the owner. Down payment is a payment that is made when credit is used.
 * **APR**- Annual Percentage Rate is the annual rate charged for borrowing or earning through loans.
 * **Credit Score-** A number assigned to a person that indicates their capacity to repay a loan.
 * **Public and Private Collages**- Pubic colleges are usually cheaper than private schools unless you have a scholarship. Then the private school may cost less then the public school with a scholarship.
 * Questions.**
 * 1) People use credit cards so they can buy now pay later.
 * 2) Advantages are that you can buy now pay later, good credit history. the disadvantages are that there are fees, grace period, loan fees.
 * 3) credit card- a plastic card allowing the holder to buy goods and services using credit, APR- Annual Percentage Rate is the annual rate charged for borrowing or earning through loans, Simple interest- A quick method of calculating the interest charge on a loan, compound interest- An additional interest to the principle sum., monthly payments- Amount your you are supposed to pay each month until your debt is paid off.
 * 4) If you understand all of those definitions you can better understand your financial problems and solve them faster.
 * 5) The most important thing I learned is that there are many ways for you to spend money more responsibly.