NewHomeICS17CifuD

New Home Spreadsheet
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** ||
 * Dining Set || Cicero 5pc Dining Set || $781.00 || Necessity ||
 * Bedroom Set || Cullen 6pc Bedroom Set || $1,183.00 || Necessity ||
 * Living Room Set || Ashmont 2pc Living Room Set || $877.00 || Necessity ||
 * Refrigerator || Top Freezer Refrigerator || $499.99 || Necessity ||
 * Dryer and Washer || Top Load Washer Dryer Bundle || $899.98 || Necessity ||
 * Television || Chromecast Built-in - 4K Ultra HD TV || $329.99 || Luxury ||
 * Cooking || reestanding Gas Range Stainless Steel || $599.00 || Necessity ||
 * Microwave || Microwave - Stainless Steel || $269.99 || Luxury ||
 * Cups || Solo® Party Cups || $145.00 || Luxury ||
 * Forks || Dixie Plastic Forks || $27.03 || Luxury ||
 * Spoons || Great Value Everyday Assorted Cutlery || $2.84 || Luxury ||
 * Knives || SOLO Cup Company Heavyweight Plastic Knives, || $14.67 || Luxury ||
 * Table || RIVERDALE CHERRY RECTANGLE DINING TABLE || $299.99 || Luxury ||
 * Chair || RIVERDALE CHERRY SLAT BACK SIDE CHAIR || $99.99 || Luxury ||
 * Chair || RIVERDALE CHERRY SLAT BACK SIDE CHAIR || $99.99 || Luxury ||
 * Chair || RIVERDALE CHERRY SLAT BACK SIDE CHAIR || $99.99 || Luxury ||
 * Chair || RIVERDALE CHERRY SLAT BACK SIDE CHAIR || $99.99 || Luxury ||
 * Blender || Nutri Ninja™ Nutrient & Vitamin Extraction Blender || $69.99 || Luxury ||
 * Tower Fan || AM07 Tower Fan || $399.99 || Luxury ||
 * Amazon Echo || Amazon Echo - White || $179.99 || Luxury ||
 * Frying Pan || Lodge Cast Iron 12 Inch Skillet || $20.49 || Necessity ||
 * Double Sided Spoon || 2015 10 cent items spoon and fork || $0.10 || Necessity ||
 * Electric Fireplace || 50" Wall Mount Electric Fireplace with Glass Firestone, 750W/1500W || $199.96 || Luxury ||
 * Massage Chair || Osaki OS-1000 Deluxe Massage Chair || $1,195.00 || Luxury ||
 * Toilet || Dolina - Modern Bathroom Toilet || $549.99 || Luxury ||

Compound Interest Spreadsheet


 * || APR=15% || Compound interest ||  ||
 * Principal || %/month || Amount Due || Payment ||
 * $10,000 || 1.25% || $10,125 || $371 ||
 * $9,754 || 1.25% || $9,876 || $371 ||
 * $9,505 || 1.25% || $9,624 || $371 ||
 * $9,253 || 1.25% || $9,368 || $371 ||
 * $8,997 || 1.25% || $9,110 || $371 ||
 * $8,739 || 1.25% || $8,848 || $371 ||
 * $8,477 || 1.25% || $8,583 || $371 ||
 * $8,212 || 1.25% || $8,315 || $371 ||
 * $7,944 || 1.25% || $8,043 || $371 ||
 * $7,672 || 1.25% || $7,768 || $371 ||
 * $7,397 || 1.25% || $7,489 || $371 ||
 * $7,118 || 1.25% || $7,207 || $371 ||
 * $6,836 || 1.25% || $6,922 || $371 ||
 * $6,551 || 1.25% || $6,633 || $371 ||
 * $6,262 || 1.25% || $6,340 || $371 ||
 * $5,969 || 1.25% || $6,044 || $371 ||
 * $5,673 || 1.25% || $5,743 || $371 ||
 * $5,372 || 1.25% || $5,440 || $371 ||
 * $5,069 || 1.25% || $5,132 || $371 ||
 * $4,761 || 1.25% || $4,821 || $371 ||
 * $4,450 || 1.25% || $4,505 || $371 ||
 * $4,134 || 1.25% || $4,186 || $371 ||
 * $3,815 || 1.25% || $3,862 || $371 ||
 * $3,491 || 1.25% || $3,535 || $371 ||
 * $3,164 || 1.25% || $3,204 || $371 ||
 * $2,833 || 1.25% || $2,868 || $371 ||
 * $2,497 || 1.25% || $2,528 || $371 ||
 * $2,157 || 1.25% || $2,184 || $371 ||
 * $1,813 || 1.25% || $1,836 || $371 ||
 * $1,465 || 1.25% || $1,483 || $371 ||
 * $1,112 || 1.25% || $1,126 || $371 ||
 * $755 || 1.25% || $765 || $371 ||
 * $394 || 1.25% || $399 || $371 ||
 * $28 || 1.25% || $28 || $371 ||


 * **discretionary spending**: The is a Google definition and now from the book. Government spending through bills
 * **net worth**: Value of all assets
 * **giving**: Hand items to people for no price
 * **savvy shopping**: Common sense shopping
 * **budget**: estimate of income for the time being **Not just income**
 * **debt**: usually money, something owed/due
 * **credit card pros and cons:** Pro: Convenience.. Con: Late fees
 * **debit card pros and cons:** Pro: Payment is immediate.. Con: There is no free borrowing period
 * **borrow and down payment:** the difference between the selling price and the amount of money you borrow
 * **APR:** Annual Percent Rate
 * **credit score:** Money Assigned to a person that indicates lenders their capacity to repay a loan
 * **public and private colleges:** Public: college any one can get to by paying a fee.. Private: You have to take a test to enter, pay a large free,and you could also get accepted into the college
 * **credit card pros and cons:** Pro: Convenience.. Con: Late fees
 * **debit card pros and cons:** Pro: Payment is immediate.. Con: There is no free borrowing period
 * **borrow and down payment:** the difference between the selling price and the amount of money you borrow
 * **APR:** Annual Percent Rate
 * **credit score:** Money Assigned to a person that indicates lenders their capacity to repay a loan
 * **public and private colleges:** Public: college any one can get to by paying a fee.. Private: You have to take a test to enter, pay a large free,and you could also get accepted into the college
 * **APR:** Annual Percent Rate
 * **credit score:** Money Assigned to a person that indicates lenders their capacity to repay a loan
 * **public and private colleges:** Public: college any one can get to by paying a fee.. Private: You have to take a test to enter, pay a large free,and you could also get accepted into the college
 * **public and private colleges:** Public: college any one can get to by paying a fee.. Private: You have to take a test to enter, pay a large free,and you could also get accepted into the college
 * **public and private colleges:** Public: college any one can get to by paying a fee.. Private: You have to take a test to enter, pay a large free,and you could also get accepted into the college

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=Questions= = = =1. **Why do people use credit cards?** Instead of using real cash you can use a credit card= = = =2. **What are advantages and disadvantages of credit cards? An advantage is that they are always convenient instead of actual cash, a con might be that you can fall into debt** = = = =3. **What do the following terms mean?** = =**credit card: another way of cash without carrying cash** = =**principal:** **Sum investe**d  **In these examples the principal is the amount owed.** = = **APR: Annual Percent Rate** = =**simple: ???** = =**interest:** ** Money payed regularl ****y This is not the definition.** = =**c****ompound interest: Certain amount of money you need to pay** = = **monthly payments: Payment you do each month** = = = =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? By typing in right amount of money you need to put in something** = **No, it has nothing to do with what you are typing in. What is important is how much you are spending, how much interest you are being charged and how much you are paying back each month.** = = =5. **What is the most important idea you have learned from this lesson? Credit cards might be useful but they can also bite back** =

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