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 * ** How would  **
 * You Spend $10,000 Dollars ** ||
 * ||  ||||  Total Spent  ||
 * ||  |||| **  1741.98  ** ||
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** ||
 * Television || Samsung 60” 1080p HDTV || 797.99 || Luxury ||
 * Mattress || Perfect Sleeper Kozma Plush || 674.99 || Necessity ||
 * Bed Frame || MALM black-brown, high frame269.00 || 269 || Luxury ||

=** Qu estions:**=
 * 1) =Why do people use credit cards?=
 * 2) =What are advantages and disadvantages of credit cards?=
 * 3) =What do the following terms mean? credit card, principal, APR, simple interest, monthly payments=
 * 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?=
 * 5) =What is the most important idea you have learned from this lesson?=

People use credit cards because they don't have enough money to buy what they want in their account, so if they use their credit card, they can buy now and pay later. Also, some claim that credit cards have much more protection against fraud than debit cards do. But, most people use credit cards in order to get a loan. Also, some people use credit cards to spend money while they're overseas.
 * 1.**

2 The advantages of a credit card is that you may buy now, and pay later. Also, it is much easier to carry than cash, it helps you establish a good credit history, and credit cards are also a convenient way to pay online or over the phone. Disadvantages include that it allows for impulse spending, if you don't pay on time then the interest will add up causing your bill to be very expensive, damage your credit rating if you don't pay on time, and there are some complicated terms and conditions to owning a credit card.

3 Credit Card- a payment card issued to users as a form of payment that allows you to buy now and pay later. Principal- the total amount of money being borrowed or spent APR- Annual Percentage Rate, the yearly cost of a loan Simple Interest- interest paid only on the original amount of money and not on the interest it has already earned Monthly Payments- amount a person is required to pay each month until a debt is paid off