Debt, Credit, Interest

CONGRATULATIONS! You have just bought a house and need to fill it with lots of things! You have also been given an allowance which must pay for both your bills and items to put in your house.

As you go, keep track of how much money you have spent so that you know how much you have left!

First, lets begin with your starting amount. You have been given $5000 to pay your bills and fill your home this month. 

Next, lets look at your bills. Subtract the following numbers from your starting $5000. 
House Payment: $900
Electricity: $150
Water: $50
Insurance: $150
Car: $700 (you just had to have that new car)
Gas: $100
Groceries: $400

Now it is time to spend your $$$! Remember your home is EMPTY! 
For your items, you will be shopping at https://www.walmart.com/ .
Some things to think about buying for your new house:
TV
Couch
Bed
Dresser
Microwave
Fridge
Anything else you may want for your home....

BUT WAIT! I know it is hard to buy all the things you want with just a little money. So, I will give you the following options...
$1000 extra in credit to spend today!
$2000 extra in credit to spend today!
$5000 extra in credit to spend today!
this amount should be paid in payments beginning next month with an interest rate of 12%. Interest is the amount extra you owe for borrowing the money. You will be in debt to me if you take the offer. 

If you chose to take the extra money, make a list of additional items that you bought.