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 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** || ** Online Source ** ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * 46" TV || Sony Bravida 46" LCD TV || $1,399 || Luxry || __ [] __ ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Ipod Nano || Ipod Video Nano with 8 GB memour || $149 || Luxry || __ [] __ ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * Xbox 360 || Xbox 360 Video Game || $259 || Luxury || __ [] __ ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * ?couch || White 3 seat leather couch || $1,599.99 || ?luxurary || ?[] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * love seat || White 2 seat sleeper sofa || $1,299.99 || Luxury || ?[] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * amror || ?brown || $2,899.99 || ?luxuray || ?[] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * bedroom bench || ?brown laether || $599.99 || Luxury || ? ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * washer || white front loader || 800 || necessity || http://www.bestbuy.com/site/washers-washing-machines/front-loading-washers/abcat0910002.c?id=abcat0910002 ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * drier || ?white front loader || 900 || necessity || http://www.bestbuy.com/site/lg-steamdryer-7-4-cu-ft-10-cycle-ultralarge-capacity-steam-smart-electric-dryer-white/8733963.p?id=1219362835724&skuId=8733963 ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * bedside table || brown || 50 || luxurary || http://www.amazon.com/Winsome-Beechwood-Accent-Table-Espresso/dp/B000TDMUDS/ref=sr_1_3/176-8703417-5033725?s=home-garden&ie=UTF8&qid=1422992974&sr=1-3&keywords=bedside+tables+nightstands ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * dinning room table || brown || 1000 || luxury || http://www.overstock.com/Home-Garden/Made-to-Order-Soho-Live-Edge-Dining-Table/9106881/product.html?refccid=TLROAK6KMXDYJQ2JMH67NQOBL4&searchidx=14 ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * microwave || stainless steal || 317 || ?luxurary || http://www.zoro.com/i/G0787342/?utm_source=Bing&utm_medium=cpc&utm_campaign=PLA ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * stove || stainless steal || 1000 || necessity || http://www.us-appliance.com/mgr8800ds.html ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * dish washer || stainless steal built in || 430 || ?luxury || ?[] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * bed frame || wood frame 499 || $369.00 || necessity || ?[] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * silverware || red silverware set || 50 || necessity || http://www1.macys.com/shop/product/qsquared-provence-red-20-piece-flatware-set-with-caddy?ID=687840&CategoryID=7919#fn=sp%3D1%26spc%3D602%26ruleId%3D%26slotId%3D9 ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * bed || Temper pededic || 2700 || necessity || http://www.roomstogo.com/product/Queen-Mattress/TEMPUR-Cloud-Supreme-Queen-Mattress-Set/5052402P?cid=ps:Bing|PLA|Bedroom%20-%20Mattresses|5052402P&utm_source=Bing&utm_campaign=PLA%20Adults&utm_content=Bedroom%20-%20Mattresses&utm_term=5052402P&kpid=5052402P&utm_medium=cpc ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * paper plates || pink || 2.4 || necessity || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||
 * cups || white || 50 || necessity || [] ||  ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||   ||

=Why do people use credit cards?= people use credit cards to buy stuff they want/need before they have money to buy it. =What are advantages and disadvantages of credit cards?= disadvantage- it encourages impulse spending advantage- you can build up credit so you can get credit. =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 helps us understand ways to pay off your debt, forms of gaining the maximum amount of money from interest, and avoiding losing money in interest. =What is the most important idea you have learned from this lesson?=

how to gain money from interest. How do you gain money from interest?


 * 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.