Cash or credit: What is the ultimate choice?

cash, creditCaught between cash and credit? Well, you are not the only one; there are many people who are confused whether they should use cash or opt for credit cards. Here is a bit of comparison that might help you. For starters, no one’s identity has even been stolen for leaving behind cash! However, since credit cards can be the key to your personal information, losing it might lead to identity theft. Using money also helps people to keep a mental tab of the amount that they spend. Moreover, no extra fee and interest are charged on cash. It also offers freedom from debt.

However, using credit card has its benefits as well. For starters, it gives you the freedom to move about without a wallet full of cash, it makes large expenses possible, it offers the benefits of expense tracking and credit card is actually the best way to build credit score.

 

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