newhomeBlanH

New Home Spreadsheet:
 * ** How would **
 * You Spend $10,000 Dollars ** ||
 * ||  |||| Total Spent ||
 * ||  |||| ** $8,835.95 ** ||
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** ||
 * Recliner || Merit Gliding || $334 || luxury ||
 * Fridge || Amana || $891 || necessity ||
 * Stove || Stainless steel || $600 || necessity ||
 * Mattress || Tempur-Pedic || $699.00 || luxury ||
 * Television || Haier || $549.99 || luxury ||
 * Couch || Madelyn LAF || $400.00 || luxury ||
 * Dining set || Cindy Crawford Home || $777.00 || luxury ||
 * Rocking chair || Breakwater Bay || $130.99 || luxury ||
 * Lounge chair || Keter || $199.98 || luxury ||
 * Outdoor chairs || Mainstays SandDune || $92.09 || luxury ||
 * Utensils || Room Essentials || $19.99 || necessity ||
 * Bed frame || Valerie Linen || $169.99 || luxury ||
 * Washing machine dryer || Whirlpool || $350.00 || necessity ||
 * Rug || Alpine Circles || $35.99 || luxury ||
 * Plates || Caterer's || $24.99 || necessity ||
 * Computer || HP || $576.46 || luxury ||
 * Desk || Tvilum-Scanbirk || $172.99 || luxury ||
 * Dish washer || Whirlpool || $379.00 || necessity ||
 * Kitchen pots || Stainless steel || $49.99 || necessity ||
 * Rolly chair || Leather Fashion || $195.00 || luxury ||
 * Lamps || Brushed Steel || $199.99 || luxury ||
 * Shelf || Brown Woof || $279.99 || luxury ||
 * Glass cups || Godis || $4.99 || necessity ||
 * Microwave || GE || $81.99 || necessity ||
 * Bowls || Hot Tamle || $38.72 || necessity ||
 * Vacuum || Bissell || $39.04 || necessity ||
 * Coffee machine || Mr Cafe || $17.99 || necessity ||
 * Blender || NutriBullet || $79.99 || necessity ||
 * Picnic table || Plastic Table || $159.95 || luxury ||
 * Wii U || Nintendo || $397.89 || luxury ||
 * Big Joe || XXL FUF || $258.00 || luxury ||
 * Bed sheets || Tommy Hilfiger || $21.47 || luxury ||
 * Blanket || Blue Fuzzy || $17.99 || luxury ||
 * LED cat || LED || $13.99 || luxury ||
 * Lamp || Wall lamp || $65.99 || luxury ||
 * Lava lamp || LED floor light || $110.00 || luxury ||
 * Headphones || Beats || $99.95 || luxury ||
 * Nintendo Switch || Nintendo || $299.99 || luxury ||

Compound Interest Spreadsheet: $17,500.00 in 5 years starting with 10,000 at 15% interest
 * || APR=15% || Compound Interest ||  ||
 * Principal || %/Month || Amount Due || Payment ||
 * $10,000 || 1.25% || $10,125 || $350 ||
 * $9,775 || 1.25% || $9,897 || $350 ||
 * $9,547 || 1.25% || $9,667 || $350 ||
 * $9,317 || 1.25% || $9,433 || $350 ||
 * $9,083 || 1.25% || $9,197 || $350 ||
 * $8,847 || 1.25% || $8,957 || $350 ||
 * $8,607 || 1.25% || $8,715 || $350 ||
 * $8,365 || 1.25% || $8,469 || $350 ||
 * $8,119 || 1.25% || $8,221 || $350 ||
 * $7,871 || 1.25% || $7,969 || $350 ||
 * $7,619 || 1.25% || $7,714 || $350 ||
 * $7,364 || 1.25% || $7,456 || $350 ||
 * $7,106 || 1.25% || $7,195 || $350 ||
 * $6,845 || 1.25% || $6,931 || $350 ||
 * $6,581 || 1.25% || $6,663 || $350 ||
 * $6,313 || 1.25% || $6,392 || $350 ||
 * $6,042 || 1.25% || $6,118 || $350 ||
 * $5,768 || 1.25% || $5,840 || $350 ||
 * $5,490 || 1.25% || $5,558 || $350 ||
 * $5,208 || 1.25% || $5,273 || $350 ||
 * $4,923 || 1.25% || $4,985 || $350 ||
 * $4,635 || 1.25% || $4,693 || $350 ||
 * $4,343 || 1.25% || $4,397 || $350 ||
 * $4,047 || 1.25% || $4,098 || $350 ||
 * $3,748 || 1.25% || $3,795 || $350 ||
 * $3,445 || 1.25% || $3,488 || $350 ||
 * $3,138 || 1.25% || $3,177 || $350 ||
 * $2,827 || 1.25% || $2,862 || $350 ||
 * $2,512 || 1.25% || $2,544 || $350 ||
 * $2,194 || 1.25% || $2,221 || $350 ||
 * $1,871 || 1.25% || $1,894 || $350 ||
 * $1,544 || 1.25% || $1,564 || $350 ||
 * $1,214 || 1.25% || $1,229 || $350 ||
 * $879 || 1.25% || $890 || $350 ||
 * The question was how much do you have to pay each month to pay off the principal and interest in 3 years.**


 * Making only the minimum monthly payment will get you out of debt quicker? True or False. Justify your answer with examples.- True, if you pay every month it will take less time to pay off your debt. **False, if you pay only the** minimun **amount, it will take longer to get out of debt.**
 * The higher the interest rate, means you will pay less interest in the long run? True or False. Justify your answer with examples.- False, the more interest the higher the pay amount so you will have to pay more in a long run.
 * Paying down on the principal will get your out of debt faster? True or False. Justify your answer with examples.- True, if you pay back quicker you'll have less debt interest and you won't have to worry about being in debt again.
 * You should pay off your credit card bill every month? True or False. Justify your answer with examples.- True, you always need to pay your bill so you won't have to pay a late fee plus the bill you owe.


 * discretionary spending: Government spending implemented through an appropriations bill.
 * net worth: The value of all assets, minus the total of all liabilities.
 * giving: To give or receive money.
 * savvy shopping: Translates to- Intelligent shopping..
 * budget: an estimate of income and expenditure for a set period of time.
 * debt: Money owed or due
 * credit card pros and cons: Cons- Interest, late fees, ease of spending, destroy credit, risk someone stealing your information. Pros- Purchasing power, rewards, pay later, build credit, emergency protection, fraud protection.
 * debit card pros and cons: Cons- No borrowing, can't use online, transaction fees, no withhold payment. Pros- payment is immediate, don't have to carry a checkbook, instant cash from ATMs, prevent overdrafts.
 * borrow and down payment: A down payment is the total cost of property that you pay in cash. You can borrow money for the down payment and pay back later but there is a time limit.
 * APR: Annual percentage rate is the annual rate charged for borrowing or earned through an investment.
 * credit score: A number assigned to a person that indicates their capacity to repay a loan.
 * public and private colleges: Private college- Smaller than public colleges with little students. Public college- Bigger than private colleges with a few thousand people.

Principal: Amount borrowed or the amount stilled owed. APR: Annual percentage rate. Simple interest: Money you can earn by investing money. Compound interest: Interest calculated on the initial principal. Monthly payments: A payment you pay every month on your credit card. 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?- Learn about them and practice them on a calculator with different interest rates. 5.What is the most important idea you have learned from this lesson?- How to handle and use credit cards, the pros and cons, and the responsibilities.
 * 1) Why do people use credit cards?- So they have an easier way to spend money instead of carrying money in a wallet.
 * 2) What are advantages and disadvantages of credit cards?- Advantages: No need to carry money in your wallet. Disadvantages: People can steal your information, you have to pay for it every month.
 * 3) What do the following terms mean? credit card, principal, APR, simple interest, compound interest, monthly payments- Credit card: A card you can buy things with.