Plastic Money

Modern technology offers many conveniences. These conveniences may be categorized into different basic classifications. One category of classification of technological convenience is mobility. Mobility can be best demonstrated by cellular phone technology and WiFi internet connection. Both these technological innovations allow distant communication even when people are traveling, making constant accessibility possible. Another technological classification is miniaturization, which is also closely related to mobility. Laptop computers and handheld devices are examples of miniaturization. Miniaturization in technology allowed the development of compact yet high capacity processing devices. These miniaturized devices also allowed the almost seamless integration of fashion and gadgets. Today, gadgets are already part of the daily normal outfit of most people. Gadgets somehow became prosthetic extensions of the person.

The most popular and obvious technological convenience today is going online. Computer network connections allowed many business transactions to be carried out in matter of seconds or microseconds. For instance, items can be bought and sold via the worldwide web. Products are advertised through web pages, which offer interactive transactions. Banking and finances also greatly benefited from online technology. The widely used mode of online exchange is credit card. Credit card allows convenient payment. Plastic credit cards are like digital money. You can purchase items even if you do not have the actual cash. Credit cards can be cancelled when lost, unlike money. However, the high interest of some credit cards is the main reason why credit cards can be considered as liabilities rather than assets. The interest you pay can already be compounded as savings if you are not a credit card subscriber.