Warm colors are made with red, orange, yellow and combinations of them all. It makes one think of sunlight and heat. Warm colors are stimulating and evoke feelings of warmth.
Warms colors work best in rooms that are used for interacting such as the living room, dining room and kitchen. They are also suitable for restaurants and bars, where socializing, eating and drinking are paramount.

Cool colors are shades of blue, green and violet. These colors are calming and remind one of water and sky. These colors quiet the emotions and sharpen our thoughts.
Cool colors are best in private rooms where concentration, calmness and rest are most important, such as the bedroom, office, and nursery.

Neutral colors include white, beige, tan, brown, gray, taupe, and black.  These colors help to put the focus on other colors or serve to tone down colors that might otherwise be overpowering on their own. These colors do not catch your eye, but rather blend into the background. This color palette is very easy to work with, and the end result can be restful and calm.

Hue is a variety of color in which white, grey or black isn’t combined in it. It includes all primary colors, secondary colors and tertiary colors.
Tint is sometimes called as pastel. It’s simply any color with white added. Tint will vary depending on how much white add. It makes a room look spacious and brighter. The tint enhances a soothing and relaxing feeling in the room.
A tone is hue mixed with gray and is softer than the original color. Tones are pleasing to the eye, more complex, subtle and sophisticated. It makes an area look formal and professional.
Shade is a combination of hue and black. Just as with the tints, the hue can be added with a touch of black or with so much of black. A shade is darker than the original color. Furthermore, it has a powerful and mysterious feel to it.

Complementary color schemes are created when two colors which lie directly opposite each other on the color wheel are used such as red and green, blue and orange, or yellow and violet. Adding neutrals to a complementary scheme helps to provide a bridge between the colors and helps to create a vibrant feeling
In a monochromatic type of color scheme, various darker shades, grayer tones, and paler tints of the main color will be included. In addition, the chose hue is often paired with white or another neutral. This scheme looks clean, elegant and produces a soothing effect.
Analogous color schemes use colors that are next to each other on the color wheel. They usually match well and create serene and comfortable designs. The colors can be light or dark, very intense or almost neutral. This type of scheme often works best when the colors share the same tonal value and intensity for it to look harmonious
A split-complementary color scheme combines one base color with the two colors directly adjacent to its opposite or complementary color and not with the complementary color itself. This provides high contrast without the strong tension of the complementary scheme.