Ha! Furnishing an apartment is quite difficult. Maybe we should all thank our parents for all the furniture they've provided for us! This task is another that goes into our budget sheet as something we need to budget for, namely credit card. It is quite common for an American adult to acquire some items through the use of credit in order to establish an adult identity. We 'shopped' for furnishings for our pads, now we need to pay for it. Using the loan payment formula we've investigated, put in what it would cost per month to pay that loan back in 2 years with a steady payment.
1) Shop for furniture, writing all items and prices down. Add them them up for a total
2) Add in 7.5% sales tax
3) Use the formula to determine ho much per month you'd need to pay in order to finish paying it off in 2 years.
3) Show me the budget with the entry 'credit card' appropriately filled in.
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