This is my first time with core data, and I am getting the following error.
I would really appreciate it if you could tell me how to fix it.
Unresolv
Here's the reason:
The model used to open the store is incompatible with the one used to create the store
And here's how you did it:
The reason for this is because your new managed object model is trying to use older version of storage (the one first time created when you launched the app).
The quick and dirty fix would be to remove the storage file (somewhere in ~/Library/Application Support/YOUR_APP/) and to launch your app again.
For future reference - if you release an app and in next release the app has changed managed object model - you have to write migrations for it. All this and more is covered in core data programming cookbook in apple documentation.