In the past, having a credit card was a luxury – many people still paid with cash, and checks were accepted at many retail stores. The credit card has become a tool that has been taken for granted, and just like anything else, can be misused. The following are some “downfalls” to having a credit card.
Cold, hard cash seems to be a thing of the past, as more and more people are choosing to pay with debit or credit cards. There is a very good reason why credit cards are popular, and why they are an excellent asset to have. Not only do they cut down on the change in your pocket, they provide a free 30-day loan, extra benefits like points or cash back, payment protection and are a superb emergency backup.
At the close of the 2014 Olympics in Sochi Russia, the United States Olympic team won 9 gold, 7 silver and 12 bronze – for a total of 28 metals, putting us in fourth place for the medal total.
Each of the medals weigh 525 grams; if the gold medal was made entirely out of gold, it would be worth $24,000 using current gold prices; but unfortunately, it’s made out of 525 grams of silver, and six grams of pure gold, worth $600 in total.
The question of whether or not Christmas is too commercialized has long been debated. These same ideas can be applied to Valentine’s Day; what was once a day for handmade valentines and true love has morphed into a commercial bonanza filled with jewellery, expensive dinners and even more expensive flowers.
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