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Each one of us has our own takes on the concept of money. “Money makes the world go round.” “Money talks.” “It’s all about the money.” Money is a very important factor in our day-to-day lives. Think about our three basic necessities of food, clothing, and shelter, and you know that there is a fourth basic necessity which helps us acquire these three. And that, my friend, is money. We may abuse it. We may link it with the unrest prevalent in the world. We may call it the curse of modern life. But, whatever we may say, the fact remains that money is what ties the world together. The concept of money did not always exist. It displaced the barter system in the ancient times. Then currency emerged at the forefront to facilitate the many transactions that had to take place. We have changed a great deal from the days of metal currency in gold, silver, bronze, and copper. There is no purity in the metal of today's coins; they are made of cheap alloys. The currency these days is a paper currency that costs much less than its face value. Slowly, this paper currency is being subordinated to the power of plastic. Credit cards have made their presence felt on the global stage. They are quickly climbing up the list of preferred modes of payment and are quickly becoming the new face of money. Life is much easier as the worries of carrying large stashes of cash in flimsy briefcases are gone. With the virtual world taking over our twenty-first century reality, even money is becoming a virtual entity. We have mostly gotten over the need to have tangible forms of money. Just the knowledge that that rectangular piece of plastic is comfortably seated in our wallets is assurance enough. Earlier on, it was not the fashion to benefit from credit cards because of the feeling of being indebted. However, these days, with the rise of things like cash back credit cards and 0% balance transfers, people have gained a whole new outlook on credit cards. It is no wonder that credit cards are in the process of overtaking the paper currency that had been the standard till very recently. Due to the growing wealth of the nations, and with the rising demand for instant gratification, people have begun to flock to credit card companies. It is no longer a rarity for a lot of us to possess multiple credit cards while most of our cash remains in the banks. Is paper currency becoming obsolete? Perhaps. After all, e-commerce is growing extremely rapidly. And it is not yet possible to pay for these transactions by using paper money. Those little pieces of plastic are getting ready to rule the world. Before you get one, make sure to compare credit cards. I think you should get cash back credit cards and look out for 0% balance transfers.
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