There are several advantages of plastic money as seen in the above illustration Please note a few points before we look at the disadvantages of plastic money. 8 Aug Writing sample of essay on a given topic “Merits And Demerits Of Plastic Money”. If I hand over my debit card it’s the same whether the purchase is $5 or $, whereas handing over huge amounts of cash would make me think twice before .
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We are exchanging the details relating to our card over the internet which is not olastic a safe place. In case of card lost you might be in problem These types of money encourage you to spend money more and can be heavy to your budget. Top Contributors Today DR.
You can verify it later if required. No HTML formatting and links to other web sites are allowed. Similarly for travel he could book tickets online, while for food he had to rely on cash. Use of cards not only eases our work but it also brings in a lot of benefits.
I think talking about cash or cards may sound like a trivial subject, but remember that these precautions discussed above will help you during emergencies and help avoid or eliminate many problems that people face-not because of plastic money but due to lack of discipline and demeruts organization skills.
Hence worries associated with theft will be less in case of plastic money.
We should wisely use it keeping all the below points in mind. After reviewing your project details, I can assure you meritd great confidence that I can handle yours project because I already handled these types of projects practically in my professional book writing career. But we should know the advantages and disadvantages of it in order to use the plastic money efficiently.
A big No is the answer. Conclusion We are living in a world where almost every other person holds plastic money along with cash.
Study of Merits and Demerit of Plastic Money Based on Experiences of People
Overuse of credit cards and rolling over your balance is the shortest route to bankruptcy. Tracking transactions becomes easy: However, online services like PayPal are emerging as a way for people to pay their debts in new, secure and convenient ways. A credit card mony you to purchase today and pay for at a later period of time.
Also when a travel agency is involved, they charge commission or fee but when you are booking the ticket directly from the airline’s website, you are saving on it. The new card can take a week or even more to reach you.
Especially when doing online shopping. Nawaf December 10, Economics Leave a comment. Till then you need to manage with cash or rely on other debit cards. When we are using bank notes, we might forget later for what we spend it, unless you have the habit of noting down every cash transaction you make.
But if you do it every week on instance of your friend, colleague, etc you will have not savings every month end. Also, for us to have a check of our expenses or any particular transaction made in the past, these statements are useful.
WAQAS1ACA After reviewing your project details, I can assure you with great confidence that I can handle yours project because I already handled these types of projects practically in my professional book writing career.
This is absolutely disastrous.
Conclusion of merits and demerits of plastic money –
While buying fish from the market or when paying to the newspaper boy, we need cash itself as they do not carry POS machine to swipe the plastic money. We should not fall in to such scams and hackers.
Its mostly in the bag or sometimes in a different pocket. Greetings, Sir, i am very well versed with the topic of plastic money-credit cards. You will definitely wish if you had some cash in hand.
Conclusion of merits and demerits of plastic money
This avoids misusing the card by any. Conclusion of merits and demerits of plastic money. We need to think about all possibilities as it is our hard earned money.