Essay about Cash Vs. Credit : Cash And Credit

1604 Words Mar 1st, 2016 null Page
Cash VS. Credit Is cash really better than credit? While standing in checkout lines cash or credit is a conversation that is discussed all around the world. Although cash and credit do the same, there are still dramatic differences. People all over the world carry cash in their wallets, while others prefer to carry credit cards. Paying cash is a direct way to purchase items between the consumer and cashier. Cash or credit are both used to pay bills and purchase everyday necessities. Consumers have choices as to how, when, and what is best for their own financial situation. Money is the topic of every generation and how and what is best for our finances depends upon convenience, safety, expense, acceptability, expense tracking, debt relief and also the interest rates that credit cards charge. Cash and credit cards have lots in common. They are both used to make payments for goods and services. They are money but used in different forms. Cash is limited to the amount of money currently at hand, whereas credit cards offer vast borrowing opportunities.
Credit cards give the consumer convenience. According to Kevin Foster “the most important development in payments during the last half century have shifted from paper to electronic payments.” This gives consumers a way to pay their bills out of the convenience of their own homes at their own convenience. Paying by credit card from the convenience of their homes also gives consumers time to pay for their purchase until the bill…

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