Cash is widely accepted anywhere we can go and buy like small-scale shops to large scale industry they will accept it. However in the case of credit cards having a drawback in small-scale shops. In this essay I will list out major differences between Cash and Credit card and in the end will decide which one is better
On the one hand, many people prefer having cash in hand instead of having it in their bank account. If we are physically spending the cash it helps out to maintain how much are we spending in a day and what are things have bought. There will be no loan to pay off either you can go empty your wallet or cash will become into valuable things. For an instance, If I need to have some basics groceries total cost I spent will be a maximum of $1-$2. In this scenario usage of cash will come in handy. On the contrary, If it is stolen very hard to find, Can keep up with only a certain amount. Unable to buy a large number of products. For Example-If I'm going to buy a car that costs up to $1000, 000 in this scenario if go and use cash then very hard for the seller and buyer both to keep up the track of cash and also hard to carry this large amount of cash.
On the other hand, the Credit card is more like a token pass instead of paper this plastic card comes in handy in many places. Easily we can spend money on large amount products even if we have to buy some loan the credit card bank providers will give us some perks. If it is stolen also we can easily track it or block the card.
If a person is a Businessman or a normal day-to-day job guy it's best for payments can pay bills online.
In conclusion, Cash or card usage preference depends on person to person. Both having their own pros and cons it depends on the situation. Anyway, its new era cash is now outdated. I'll more prefer will go-to credit cards or online payment apps. Cash is also important but keeping that in the bank will do more beneficial than spending in hand
Cash
is
widely
accepted
anywhere we can go and
buy
like
small
-scale shops to
large
scale industry they will accept it.
However
in the case of
credit
cards
having
a drawback in
small
-scale shops. In this essay I will list out major differences between
Cash
and
Credit
card
and in the
end
will decide which one is
better
On the one
hand
,
many
people
prefer
having
cash
in
hand
instead
of
having
it in their bank account. If we are
physically
spending the
cash
it
helps
out to maintain how much are we spending in a day and what are things have
bought
. There will be no loan to pay off either you can go empty your wallet or
cash
will become into valuable things. For an instance, If I need to have
some
basics groceries total cost I spent will be a maximum of $1-$2. In this scenario usage of
cash
will
come
in handy.
On the contrary
, If it
is stolen
very
hard
to find, Can
keep
up with
only
a certain amount. Unable to
buy
a
large
number of products.
For Example
-If I'm going to
buy
a car that costs up to $1000, 000 in this scenario if go and
use
cash
then
very
hard
for the seller and buyer both to
keep
up the
track
of
cash
and
also
hard
to carry this
large
amount of cash.
On the other
hand
, the
Credit
card
is more like a token pass
instead
of paper this plastic
card
comes
in handy in
many
places.
Easily
we can spend money on
large
amount products even if we
have to
buy
some
loan the
credit
card
bank providers will give us
some
perks. If it
is stolen
also
we can
easily
track
it or block the card.
If a person is a Businessman or a normal day-to-day job guy it's best for payments can pay bills online.
In conclusion
,
Cash
or
card
usage preference depends on person to person. Both
having
their
own
pros and cons it depends on the situation. Anyway, its new era
cash
is
now
outdated. I'll more prefer will go-to
credit
cards
or online payment apps.
Cash
is
also
important
but
keeping that in the bank will do more beneficial than spending in
hand