What are the pros of money?
What are the pros of money?
Advantages of Money:
- The following advantages can be mentioned:
- (i) Economical:
- (ii) Convenient:
- (iii) Homogeneous:
- (iv) Stability:
- (v) Elasticity:
- (vi) Cheap Remittance:
- (vii) Advantageous to Banks:
What are cons of having money?
12 Surprising Downsides Of Getting Rich
- You sacrificed a lot.
- You could be perceived as greedy, ruthless, or a workaholic.
- Being wealthy can cut you off from larger society.
- Friends and family may treat you differently.
- The money might cause you to lose perspective.
- Your money becomes a means to attract attention.
What are some pros and cons of cash?
Cash VS Credit: The Pros and Cons
- Pro: Cash helps you control your spending.
- Pro: There’s no danger of additional expenses with cash.
- Con: Cash doesn’t have the same security as credit cards.
- Con: You miss out on rewards.
- Pro: You miss out on rewards.
- Con: Some purchases are more difficult with cash.
Why is money so important?
The reason money is so important is that it provides options for you to live a better life that you choose and puts you in control. Having money and being comfortable with finances also gives you freedom and options to decide how you want to live and support the things you care most about in your life.
What are 3 disadvantages of using cash?
Disadvantages of Cash: Money in the drawer can be tempting for some employees to steal. A safe needs to be on site or frequent trips to the bank for deposits must be made, which takes time and money. Money at your location increases your risk for theft not just from employees but criminals as well.
Is paying with cash better?
Cash makes it easier to budget and stick to it. When you pay with the cash you’ve budgeted for purchases, it’s easier to track exactly how you’re spending your money. It’s also an eye opener and keeps you in reality as to how much cash is going out vs. coming in from week to week or month to month.
Why do you need money?
Beyond the basic needs, money helps us achieve our life’s goals and supports — the things we care about most deeply — family, education, health care, charity, adventure and fun. Money can give us the power to make a difference in the lives of others, but not the desire to do so.