Question

What is disadvantage of plastic money according to you

Answer 1

Disadavanatges of Plastic Money
Like everything, plastic money also has its own merits and demerits. We should wisely use it keeping all the below points in mind. If you are clever, you can make use of the cards but not everyone can be clever. So for those who are not well aware of the cards and its disadvantages should always be careful to avoid themselves being in trouble. Many people play with cards and might not end up paying a single penny as interest. Never follow them as not everyone is smart with cards and we might end up losing money.

Just plastic money won't help always: Plastic money is not a complete replacement for cash. In certain places, we need cash itself. While buying fish from the market or when paying to the newspaper boy, we need cash itself as they do not carry POS machine to swipe the plastic money. Similarly, we pay money at religious places for offerings, there also they do not take plastic money. Unless we have the facility to use plastic money everywhere, we cannot replace cash completely. Still, there are small retail shops which do not take plastic money. In villages, hardly we find any shops that accept plastic money. It makes us necessary to carry some cash always for our safety.