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 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** ||
 * 46" TV || Sony Bravida 46" LCD TV || 1399 || Luxury ||
 * Ipod Nano || Ipod Video Nano with 8 GB memour || 149 || Luxury ||
 * Bed || twin platform bed w/ headboard || 99 || Necessity ||
 * Mattress || Memory Foam mattress || 199 || Necessity ||
 * Pillow || Firm Suupport Pillow || 5 || Necessity ||
 * Sheets || Cotton sheet set || 27.99 || Necessity ||
 * Refridgerator || Kenmore 4 Door Fridge || 2799.99 || Necessity ||
 * Oven || Gas Self Clean Wall Oven || 1444.99 || Necessity ||
 * Washer || GE top load washer || 458.99 || Necessity ||
 * Dryer || GE Electric dryer || 458.99 || Necessity ||
 * Blanket || fuzzy throw blanket || 14.99 || Necessity ||
 * Chair || Bungee chair || 29.99 || Luxury ||
 * Coffee Maker || Home Brewing System || 109.99 || Luxury ||
 * Iphone 6S || Gold Iphone 6S || 649.99 || Luxury ||
 * Silverware Set || Silver set || 29.99 || Necessity ||
 * Lamp || Stick Lamp || 29.99 || Necessity ||
 * Laptop || Aspire laptop || 149.99 || Luxury ||
 * Beats Pill || Black Beats Pill || 179.99 || Luxury ||
 * Plates || salad Plates set of 4 || 16 || Necessity ||
 * Bowls || Cereal Bowls set of 6 || 19.99 || Necessity ||
 * Dinner table || 5 Piece dining set table || 280.49 || Necessity ||
 * Couch || Gray Linen Futon || 152.99 || Necessity ||
 * Ipad || Ipad Air 2 || 399.99 || Luxury ||
 * Toaster || Classic Toater Oven || 79.99 || Necessity ||

=**Questions:**=
 * 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?=

1. People use credit cards because they allow you to but now and pay later.

2.Some advantages of credit are that you can buy now and pay later, you can buy expensive items, and you can use a credit card if you do not have cash with you. Some disadvantages of credit is it allows you to impulse buy, you have to pay it all back later, and you have to make interest payments.

3. Credit Card- a card that allows you to buy now and pay later Principal- The money that you own APR- Annual Percent Rate Simple Interest- money you earn by investing Monthly payments- a certain amount of money that you pay each month for a specific cause

4. If you understand all these topics you will be better off in the future. All these things help you manage and spend appropriately. Understanding these words will also help you stay out of lots of debt and interest payments.

5. The most important lesson I have learned is that the more credit cards you have and use the more interest you have to pay. You have to be careful about what you spend and how much you spend.