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					Title:
Money In A Whole New Avatar

Word Count:
423

Summary:
Money has inspired many songs and innumerable statements. “Money makes
the world go round.” “Money talks.” “It’s all about the money.” Money
does play a very integral role 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 precedes these three. And that,
my friend, is money. We may abuse it. We may associate it with criminal
activities. We may call it the curse of modern li...


Keywords:
cash back, credit cards


Article Body:
Money has inspired many songs and innumerable statements. “Money makes
the world go round.” “Money talks.” “It’s all about the money.” Money
does play a very integral role 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 precedes these three. And that,
my friend, is money. We may abuse it. We may associate it with criminal
activities. We may call it the curse of modern life. But, whatever we may
say, the fact remains that we cannot live without money.

Money has undergone many changes. It displaced the barter system in the
ancient times. Then currency took over to provide for 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. The coins
of today are not pure metal; they are made of cheap alloys. The currency
these days consists of paper that costs a lot less than its face value.
Slowly, this paper currency is being subordinated to the power of
plastic. Credit cards have staked their hold on the world economy. They
are rapidly gaining in popularity and are quickly becoming the new face
of money.

The days of worrying about 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. People today,
no longer feel the compulsion 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, people were hesitant to
avail of 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 new perspective on credit cards.

It is no wonder that credit cards are slowly taking over from the paper
currency that had been the standard till very recently. With living
standards rising globally, and with the rising demand for instant
gratification, people have begun to flock to credit card companies. It is
rapidly becoming the rule to roam around with multiple credit cards while
most of our cash remains in the banks.

Is paper currency becoming obsolete? Perhaps. After all, online
transactions are much in vogue today. And it is not yet possible to pay
for these transactions by using paper money. Credit cards have become the
need of the day.

				
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posted:2/7/2011
language:English
pages:2