The debate on cash versus credit card has been going on for some time. Credit is still a fairly new concept within the history of finance; so many people would rather stick with paper money. According to you, which is a better payment method, cash or credit? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

The paradigm shift in the lifestyle has made numerous changes in society, payment methods

is

Suggestion

are

on

such

change among them. Over the period of time the discussion over

cash

opposing

plastic

money

is being

done

produced by a manufacturing process

made

. As Credit is as yet a genuinely new idea inside the historical backdrop of

fund

Suggestion

funds

the fund

, so

significant number

Suggestion

a significant number

of individuals would prefer to

use

hard

cash

. The question that arises is that among both which is mode of payment is superior? My conviction tends me to favour

paper

money

and the reasons to my perspective will be elucidated in the forthcoming paragraphs, along with relevant illustrations. Being limited about how much

money

to spend is the most significant benefit associated with using

paper

money

. While using

paper

money

it is easy for the person to keep the track of how much

money

is being spent as well as how much the person can afford to spend.

Consequently

, it helps the person to spend less and save more, which obliviously is not the case with the

use

of

plastic

money

. To cite an example, from my personal experience during my

first

year of my university I

use

to carry credit card or debit card along with to manage my daily expenses and during that year it become tedious for me to save up some

money

and to pay my bills due to which I borrowed some

money

from my friend and discussed my problem with her, at that time she suggested me to avoid the

use

of

plastic

money

as

money

as I can and I did the same, which turned to be really beneficial for me.

Therefore

, I believe that

use

Suggestion

the use

of

paper

money

can be more advantageous than

plastic

money

.

Additionally

,

plastic

money

is still not able to gain

grounds whereas

Suggestion

ground, whereas

ground whereas

,

cash

is widely acceptable and used by everyone and everywhere. There are many small-scale retailers still do not accept

plastic

money

from customers.

However

, there is no denial from big to small scale retailer while accepting

cash

.

Moreover

,

paper

money

is more convenient for the individuals who do not have much knowledge about

plastic

money

, especially the older generation as well as children as often it is observed that they have very limited awareness and information about the latest technology. To give a clear example from my personal experience, one day randomly I asked my grandfather that why he do not

use

debit or credit card like my father, he replied that it is very difficult for him to make

use

of it and he find using

plastic

money

more convenient as he is using

this

mode of payment from a long period of time.

Thus

, I believe that thing that can

benefits

Suggestion

benefit

a greater number of people is always more favourable as compared to others. To conclude, owing to the advantages

such

as help in saving

money

and wide acceptance, I vehemently believe that

use

Suggestion

the use

of

paper

money

is superior.