The topic of using online payment by children is becoming more common accross the world, it has a positive and a negative effects. Some people believe That beneficials are more significant , while others feel there are negative aspects. In this essay, I will discuss both, advantages and disadvantages of utilizing credit card by young people nowadays.
Advantage one of the main adventages is that young people feel more responsible and save time where they used a credit card rather than by cash, this can help improve financial freedom. For example, Students pay their groceries from stors by card alone without a help from their parents.
Additionally, using credit card may avoid individuals from still or loss a money. I mean, children nowadays can be more confident in daily life.for instance,they do not need a wallet or a handbag to keep cash money. As a result, people are likely to support using online payment because of these positive outcomes.
On the other hand, there are a number of disadvatages associated with using credit card by young children. The first drawback is that it students who use it cannot learn how save money. This can cause problems such as impulsive conseption. To illustrate that, online stores offer discount or reduce prices, Individuals should prioritize an important things. Another important dsadvantage is young children should using payment by cash to discover the value of money. In other word, online transaction is seens as a numbers rather than a money from a hard work. As conséquence, More people might feel the disadvatages of using credit card by young people is not beneficial as it seens.
To sum up, the payment online by young citizens has positive and negative aspects. the advantages like learning financial skills and responsability of despense, while there are a disadvantages, such as easier to buy online, increase in conseption and have not discover the value of money . Therefore utilising a credit card should be elbraced with some cautions.