NewHomeICS17Newc

New Home Spreadsheet:
 * ** How would **
 * You Spend $10,000 Dollars ** ||
 * ||  |||| Total Spent ||
 * ||  |||| ** $6,582.35 ** ||
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** ||
 * 46" TV || Sony Bravida 46" LCD TV ||  || Luxry ||
 * Ipod Nano || Ipod Video Nano with 8 GB memour ||  || Luxry ||
 * Xbox 360 || Xbox 360 Video Game ||  || Luxury ||
 * stove || 30'' || 319.99 || necessity ||
 * couch || gray || 398.99 || necessity ||
 * fridge || stainless steel || 159.99 || necessity ||
 * utensil kit || many things needed to cook || 19.99 || necessity ||
 * loft || bed and a desk || 2299 || Luxury ||
 * tv || tv || 69 || Luxury ||
 * washer and dryer || cleans clothes || 1709.99 || necessity ||
 * dining table || white || 89.99 || necessity ||
 * all in one pan || cook food all in one || 49.99 || necessity ||
 * water bottle(3) || used as cups-on the go || 2.92 || necessity ||
 * microwave || black || 25 || Luxury ||
 * dresser || studded white || 719 || Luxury ||
 * bed covers || black w/ roses || 32.5 || Luxury ||
 * rug || gray w/ diamonds || 139 || Luxury ||
 * lamp || white bubble || 249 || Luxury ||
 * coffee table || white || 249 || Luxury ||
 * blanket || pastels || 49 || Luxury ||
 * blanket || pastels || 49 || Luxury ||

Compound Interest Spreadsheet:

My monthly payment is $371 in 37 payments


 * || APR=15% || Compound Interest ||  ||
 * Principal || % month || Amount Due || Payment ||
 * $10,000 || 1.25% || $10,125 || $372 ||
 * $9,753 || 1.25% || $9,875 || $371 ||
 * $9,504 || 1.25% || $9,623 || $371 ||
 * $9,252 || 1.25% || $9,367 || $371 ||
 * $8,996 || 1.25% || $9,109 || $371 ||
 * $8,738 || 1.25% || $8,847 || $371 ||
 * $8,476 || 1.25% || $8,582 || $371 ||
 * $8,211 || 1.25% || $8,314 || $371 ||
 * $7,943 || 1.25% || $8,042 || $371 ||
 * $7,671 || 1.25% || $7,767 || $371 ||
 * $7,396 || 1.25% || $7,488 || $371 ||
 * $7,117 || 1.25% || $7,206 || $371 ||
 * $6,835 || 1.25% || $6,921 || $371 ||
 * $6,550 || 1.25% || $6,632 || $371 ||
 * $6,261 || 1.25% || $6,339 || $371 ||
 * $5,968 || 1.25% || $6,042 || $371 ||
 * $5,671 || 1.25% || $5,742 || $371 ||
 * $5,371 || 1.25% || $5,438 || $371 ||
 * $5,067 || 1.25% || $5,131 || $371 ||
 * $4,760 || 1.25% || $4,819 || $371 ||
 * $4,448 || 1.25% || $4,504 || $371 ||
 * $4,133 || 1.25% || $4,185 || $371 ||
 * $3,814 || 1.25% || $3,861 || $371 ||
 * $3,490 || 1.25% || $3,534 || $371 ||
 * $3,163 || 1.25% || $3,202 || $371 ||
 * $2,831 || 1.25% || $2,867 || $371 ||
 * $2,496 || 1.25% || $2,527 || $371 ||
 * $2,156 || 1.25% || $2,183 || $371 ||
 * $1,812 || 1.25% || $1,835 || $371 ||
 * $1,464 || 1.25% || $1,482 || $371 ||
 * $1,111 || 1.25% || $1,125 || $371 ||
 * $754 || 1.25% || $763 || $371 ||
 * $392 || 1.25% || $397 || $371 ||
 * $26 || 1.25% || $26 || $371 ||

1 false, the longer it takes you the more interest you have to pay. 2 false, you are paying more 3 yes, because you are reducing the amount that you owe. 4 true, your interest rate will go up and it will look bad on your record.

1 discretionary spender- wants 2 net worth- the amount left after you subtract what you earn from what you own 3 giving- we give our money to charity 4 savvy shopping- doing your research on what you want to buy 5 budget- a roadmap for your money to follow 6 debt- when you spend more tan you earn 7 credit card pros and cons-
 * instant gratification and convenience
 * tracking
 * rewards
 * credit history


 * easy to overspend
 * interest
 * access
 * acceptance
 * teens who apply need a co-signer

8 debit card pros and cons-
 * accepted nearly everywhere
 * convenient
 * fast
 * easier to get than credit cards
 * good for tracking


 * fees
 * fraud
 * buying with credit cards doesn't help your credit history
 * rewards for using a credit card are rare

9 borrow and downpayment-taking out a loan and initial amount paid in the beginning 10 APR- annual percentage rate 11 credit score- how good you have been with your credit card 12 public and private colleges- private colleges cost more than public colleges

1 To get things fast 2
 * instant gratification and convenience
 * tracking
 * rewards
 * credit history

3 credit card- a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit. principal- the beginning amount APR- annual percentage rate simple interest- a quick method of calculating the interest charge on a loan compound interest- the addition of interest to the principal sum of a loan or deposit monthly payments- payments you make every month 4 If you know what's going on and what can happen it is easier to prevent things like bankruptcy 5 The consequences of your actions in dealing with you finances.
 * easy to overspend
 * interest
 * access
 * acceptance
 * teens who apply need a co-signer