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Your Home is the place where all your items are stored. By default, you
can only store one item, and you should upgrade your home to one which can
store more items. The more expensive homes can store more items.
Using an item will mean you benefit from the item. You need to use an item
to gain skills and statistics. Some items may do the opposite, for example,
an unhealthy burger will pull your health down. So you should always watch
out for what an item does - it may not say it on the packet.
Selling items is also possible. By doing this you typically recieve about
95% of the item's price when sold with no uses missing, but it depends on
the uses left (a pizza with 3 slices left isn't very useful to a retailer
now, is it?)
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