Communication has expanded allows for easier contact abroad Immediate updates on world issues war, weather, natural disasters etc Disadvantages:
The Importance of Managing Money Classes: Knowing some of these can help you decide if you do or do not want to use credit cards. If you don't like to carry large amounts of cash with you or if a company doesn't accept cash purchases for example most airlines, hotels, and car rental agenciesputting purchases on a credit card can make buying things easier.
Protection of Purchases - Credit cards may also offer you additional protection if something you have bought is lost, damaged, or stolen. Both your credit card statement and the credit card company can vouch for the fact that you have made a purchase if the original receipt is lost or stolen.
In addition, some credit card companies offer insurance on large purchases. Building a Credit Line - Having a good credit history is often important, not only when applying for credit cards, but also when applying for things such as loans, rental applications, or even some jobs.
Having a credit card and using it wisely making payments on time and in full each month will help you build a good credit history. Emergencies - Credit cards can also be useful in times of emergency.
While you should avoid spending outside your budget or money you don't have! Credit Card Benefits - In addition to the benefits listed above, some credit cards offer additional benefits, such as discounts from particular stores or companies, bonuses such as free airline miles or travel discounts, and special insurances like travel or life insurance.
While most of these benefits are meant to encourage you to charge more money on your credit card remember, credit card companies start making their money when you can't afford to pay off your charges!
Disadvantages Blowing Your Budget -- The biggest disadvantage of credit cards is that they encourage people to spend money that they don't have.
While this may seem like 'free money' at the time, you will have to pay it off -- and the longer you wait, the more money you will owe since credit card companies charge you interest each month on the money you have borrowed.
High Interest Rates and Increased Debt -- Credit card companies charge you an enormous amount of interest on each balance that you don't pay off at the end of each month.
This is how they make their money and this is how most people in the United States get into debt and even bankruptcy. Most credit cards charge you up to 10 times that amount of interest on balances.
A good way to look at this is in comparison to what you would earn in interest from a bank or owe in interest to a bank loan: Credit Card Fraud - Like cash, sometimes credit cards can be stolen.
They may be physically stolen if you lose your wallet or someone may steal your credit card number from a receipt, over the phone, or from a Web site and use your card to rack up debts. The good news is that, unlike cash, if you realize your credit card or number has been stolen and you report it to your credit card company immediately, you will not be charged for any purchases that someone else has made.
There are several things you can do to prevent credit card fraud: If you lose your card or wallet, report it to your credit card company immediately. Don't loan your credit card to anyone and only give out your credit card information to trusted companies or Web sites.
Check your statement closely at the end of each month to make sure all charges are yours. You can find out more about protecting your personal information by visiting our Personal Safety course. Credit cards can make life easier and be a great tool, but if they aren't used wisely they can become a huge financial burden.
If you do decide to use credit cards, remember these simple rules: Keep track of all your purchases. Don't spend outside your budget. Pay off your balance on all of your credit cards at the end of each month.
Don't loan your credit or give out your credit card information to anyone but reliable companies. Learn more about how to apply for credit cards in the next section.Advantages and Disadvantages of IP based business phones and IP hosted solutions As previously mentioned, one could order VoIP phone service and use it with your existing business phone system and/or one could switch to a new phone system using VoIP .
Advantages and Disadvantages of IP based business phones and IP hosted solutions As previously mentioned, one could order VoIP phone service and use it with your existing business phone system and/or one could switch to a new phone system using VoIP .
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