A woman is walking down the street with her bag on her shoulder and out of nowhere a man comes and takes her bag off her shoulder then runs away never to be seen again. In this situation, focusing only on your money, do you get the feeling that you would rather have cash or a credit card in your wallet? This is one of the many types of situations where people wonder whether they should carry cash or a credit card. The world has come a long way where anyone can buy anything online or over the phone. People don't carry cash with them like they did in the past, but is it in their best interest when they do? While cash can be helpful and cheaper to hold, credit cards are a faster, safer, and easier way to make payments you owe. For example, when making a large purchase, people don't want to carry hundreds of dollars with them. During the day you might lose some of your money or spend it on something you didn't intend to buy because it's readily available. Spending a little extra in the bank to keep your money will pay off in the long run. When your credit card company "charges high interest rates if you don't pay your bill in full by the due date," it can make credit cards a more expensive way to manage your money (cash vs. credit cards). For big banks, “some credit cards also incur annual fees just for using them, along with foreign transaction fees, balance transfer fees, and late fees” (Cash Vs. Credit Cards). When people are dealing with large sums of money, paying these fees is nothing compared to being robbed and someone taking all their money with no chance of getting it back. . Also, if the bank loses some of your money, it is the bank's responsibility to recover it, not yours. Instead of having to work to recover money that someone else stole, people can rely on the bank to cancel their cards or refund the money that had been. It's helpful to have credit cards with you when making large purchases and when you don't want to carry large amounts of cash. sums of money lying around. On the other hand, cash can be easy to use when making small payments on the spot. Credit cards can be safer because people can let the bank handle their money and if something goes wrong it's the banks fault if they get your money back or refund lost or stolen money. You may see people from the older generation using more cash transactions because they can manage their money, but in today's progressing society more and more people are switching to credit cards and online