Rough Draft - Credit cards do not necessarily represent...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Credit cards do not necessarily represent “money” in a buyer’s bank account, but are an undertaking to pay money which a person may not have. This is why I think that Most Americans should not use credit cards. Credit cards are a big issue in society today and we should take the initiative to get it under control so more Americans will be able to stay out of debt in this aspect of financial planning. Cash is a better option for everyone, credit card numbers can fall into the wrong hands which lead to identity theft, and people using your card for their own personnel use. (Dave Ramsey) states in a study of “Cash vs. Credit cards” McDonalds found that people spent 47% more when using credit instead of cash. As we all can see that this is leading Americans into more debt and possibly even bankruptcy. Cash is a better choice for all Americans. Although cash often time takes more effort to track effectively, it does a wonderful job of simplifying our overall accounts. There are so many different credit cards out here
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/14/2011 for the course COM 156 taught by Professor Hampton during the Spring '10 term at University of Phoenix.

Ask a homework question - tutors are online