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In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?

#cashless #society #people #credit #cards #phenomenon
In today's world
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,
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people are more inclined towards using
credit
 cards which
is
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are
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 leading to a cashless society. There are
of-course
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of course
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 many pros and cons for not using
monetry
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monetary
 transactions
now-a-days
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nowadays
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 which will be discussed
further
 in
this
 essay. Talking about the benefits,
firsly
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firstly
first
, a cashless community provides more economic independence to a person which helps them to afford expensive items even if they have
s
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a
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hortage of money.
Moreover
, one can easily pay their bills and do online shopping just sitting at home by using their
credit
 cards.
This
 moneyless society has made purchases so effortless that a person need not
to
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apply
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go anywhere for doing all these transactions. There are endless benefits of having a
credit
card
, easy Monthly
installments
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instalments
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is
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are
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 one of them too. With all these advantages an individual is attracted towards using these cards and make their life much easier.
Inspite
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In spite
 of having
a
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apply
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numerous benefits of a cashless society,
credit
 cards do have few demerits as well. Over expenditure is one of the primary con of having a
credit
card
 with oneself. Humans are tempted to spend more than what they earn, as they have more availability of
credit
.
This
 can result in huge debts and
occassionally
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occasionally
 leads to bankruptcy as well.
In addition
, if an individual
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loses
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looses
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loses
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 his/her
credit
card
, it can be easily misused by anyone. These days, hackers can easily hack these plastic cards online and spend millions on someone else name which is a high risk of having a
credit
card
. These cards
comes
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come
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 with
a
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great responsibility and have their benefits and drawback. In my opinion, if a person
use
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uses
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credit
 cards carefully
then
 they can be an asset to humankind. We as a user
,
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apply
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 should always be aware of all the frauds and misusage that can happen with them while using cards.
Submitted by nancy.4737 on

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For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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