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Jill Russo Foster

Tips for Successful Personal Finances

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Paper or Plastic?

We are not talking about the grocery store. Paper or plastic is how you chose to pay for your purchases – paper (cash) or plastic (debit or credit). The choice may seem simple but there are benefits and drawbacks to each.

Here are some pretty common situations to think about:

·       You have to make a large unexpected purchase now and don’t have to cash to pay it all off in one month

·         You are purchasing an electronic item

·         You are going out to dinner

·         You are shopping for clothing

These are everyday situations that come up in our lives and this guide will give you some pros and cons to each method of payment. Yes, you want the least expensive way, but sometimes there are benefits to one choice versus the other.

You are probably going to use all three at certain times. Being aware of what the pros and cons are will help you make the choice that is best for you each and every time.

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