A COMPARATIVE ANALYSISA comparative Analysis of Cash vs Credit CardStudent nameInstructorCourseDate1A COMPARATIVE ANALYSIS2The spending habits of individuals is coupled by different needs require to be met. Thechoice on whatever method to be chosen, one needs to do a thorough analysis of the advantagesand the drawbacks of the chosen method. Being raised in paper money country is what themajority of the children consider paper money as the best. In the late 21st century, there had aswift from the paper money to credit cards. Some of the people prefer to have cash while otherpeople prefer making payment via the credit card. One of the advantages of taking money is thatthe method is widely accepted to every shop. In my personal experience, I would prefer thecredit card because I actually wonder how I just clear all my wallet in making purchases of theitems I never intended to buy. With credit cards, there is proper control of money movement.Nowadays, the majority of the companies make payment electronically through the credit cardsto pay employees salaries (Bhoite, 2012). But there are also some of the company that employspayment via cash which is regarded as the traditional method of payment. The difference in thetwo methods for the convenience of the money. While the cash and credit card are similar in thatboth of them are used to make payment for purchased goods and services, they are medium ofexchange but used in different. With a credit card, ...
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