Cash And Credit Cards Cash Or Credit Card - 965 Words

In today’s economy, cash or a credit card is needed to meet the basic human needs. It is an apparent fact that we need cash or credit cards to purchase items such as food, clothing, and to buy gas. Also, when you are out shopping and discover that you have used all the cash in your possession, it is then that you realize that the advantage of having a credit card. Furthermore, with cash, you are restricted to the amount in your wallet or purse; however, a credit card allows you to pay for your purchase at a later date. Both cash and credit cards can be useful when you manage them wisely. While cash and credit cards are similar in that they both are readily accessible, used for goods and services at the time of purchase, they are dissimilar because of theft, high- interest rates, identity theft. Both cash and credit cards are similar in that they both are easy to carry around, and are used to pay for goods and service at the time of purchase. When making a purchase using c ash, the items are paid for in full. Cash is acknowledged in every establishment such as department stores, food chains, grocery stories, as well as schools, and more. Moreover, using your money to pay monthly bills carries substantial benefits such as increasing your credit rating. When purchasing items with a credit card or cash, it permits you to pay for all your items in full. Equally, most credit cards are also widely accepted at various restaurants, universities, clothing stores, movieShow MoreRelatedCash Advances From Credit Card Essay2570 Words   |  11 PagesYou Withdraw Money from a Credit Card: Be Wise, Think Twice Description- Cash advances through credit cards rank as one of the most expensive things that an individual can do and therefore such advances should be considered the last resort. Credit cards serve as one of the most useful methods of managing ones monthly finances, getting cash back or rewards for their spending and spreading the cost of big payments. However, there are even some downsides of using credit cards. The biggest downside isRead MoreCredit Cards And Buying With Cash / Debit1980 Words   |  8 Pages Ditching the credit cards and buying with cash/debit Name: Institution: Course: Tutor: Date: â€Æ' Introduction The world is fast changing which can be attributed to the advent of technology. A few years, the advancements that are now being witnessed would be considered impossible. Technology has enabled changes to occur in the economy sector with the banking system coming up with systems that can help their customers enjoy more of their products and services (Ron, 2008). With this, the paper isRead MoreCash Versus Credit Cards Essay examples1143 Words   |  5 PagesCash versus Credit Cards Americans should handle their credit cards responsibly and should not become a part of that number of abusers. The Scott III (1999) website â€Å"The average Americans household has eight credit cards, which are used to charge almost $2 trillion in goods and services annually.† No one wants to be a part of the group of individuals who he or she can put his or herself at risk for acquiring a negative credit score, possible job rejections, rejections when trying to rent or leaseRead MoreAre Credit Cards More Convenient Than Cash?1019 Words   |  5 PagesAre Credit Cards More Convenient than Cash? Money is seen and used every day in the majority of countries around the world. The debate whether or not cash is better than credit is stronger than ever due to advancements in technology. So which one is better? The benefits of cash are that when used, one can physically see how much they are paying or earning. Credit cards are more convenient in terms catching theft; However both forms of money come in handy and are generally simple to track. Cash andRead MoreCredit Card Vs. Credit Cards886 Words   |  4 PagesIn today’s economy cash or a credit card is needed to meet the basic human need. It is a clear fact that we need cash or credit to purchase items such as food, clothing, to pay bills, as well as buy gas for our daily travels. However, when you are out shopping and discover that you have used all the cash in your possession, which is when we realize that the benefit of having a credit card is very beneficial. Although cash and credit cards are similar in that, th ey both are used to pay for goodsRead MoreSix Advantages and Disadvantages of Using Cash as a Form of Payment862 Words   |  4 Pagessix disadvantages of using cash as a form of payment A: Six advantages of using cash as a form of payment include: cash is the most common way of payment around the globe when compared to all other types of payment. As cash does not involve third-party action for its immediate conversion into other forms value. Cash requires no authorization for the person who carries it, thus it is convenient for those who desires small payment amounts to be used. The use of cash does not involve any transactionRead More Is Digital Cash Something To Fear? Essay1503 Words   |  7 PagesIs Digital Cash Something To Fear? I. INTRODUCTION In todays society, cash is quickly becoming obsolete. The vast majority of transactions can now be completed without cash. If a person has direct deposit, they can directly deposit their paycheck into their bank account. Using their home computer, that person can pay their monthly bills electronically by using a third-party bill paying system authorized by their bank. Credit cards, once reserved for major purchases, are now accepted at groceryRead MoreElectronic Commerce And Its Impact On The Internet And Cloud Computing Technologies1627 Words   |  7 Pagestransfer cash or payment information through credit cards and checks, however in early electronic payment systems, online payment services must add capabilities to process orders, accounts and receipts. As e-commerce has gradually grown, digital currency payment have become popularized. The technologies of credit cards, electronic tickets, electronic cash (e-cash), and other advanced payment services have realized the vision of electronic commerce. Credit cards, debit cards and prepaid cards currentlyRead MoreCredit Cards. Most Of Use Them. Most Of Us Don’T Use Them.1738 Words   |  7 PagesCredit cards. Most of use them. Most of us don’t use them. I personally have multiple credit cards and I use only credit cards for all of my daily purchases. And the reason why is because it is better than using cash and a debit card in almost every possible way. As a guy who lives with a frugal lifestyle, I often find myself baffled when people don’t use their credit cards often. It’s either cash or debit card, which is understandable, but not reasonable. I want to share my knowledge and experienceRead MoreThe Management Of Individual Finances1180 Words   |  5 Pages Part A (1) Allison’s cash flow statement Cash Flow Statement Cash Inflow 3000 Expenses Rent 750 Student loan repayment 200 Utilities 150 Food 300 Recreation 600 Car expenses 200 Clothing 150 Total cash outflow 2350 Less total cash outflow 2350 Net cash flow for the month 650 (2) Judy’s Cash flow statement Cash Flow Statement Cash inflow 3000 Less Total Cash outflow 4000 Net cash flow (1,000) Judy can either use a cash-based system or a credit card system to meet her financial