Why money is an illusion

Money is a human construction, when we were a neolithic non-cultured species, money was a concept yet to be conceived. Perhaps it was a random intuition that briefly and dimly flickered in the consciousness of people more concerned about what was in front of them than what could be, for better or for worse, a 'reality'.

Image source: Anna Cervova

Illusions are thought to be deceptive, misleading or misrepresentational of reality. Money is believed to be an essential necessity, and indeed, it is in the world we have created for ourselves, but it is not per se a requirement for living which is what contributes to its illusory qualities. Rather it is an a priori deduction which is a conceptual abstraction that can be actualized through a printing press, and not a definitive empirical requirement for life.

In more concrete terms, look at the value of the dollar. It's not directly based on  or 'backed' by any physical collateral such as federal real estate, presious metals etc. The dollar's value is based on perceptions of its value, belief in its worth and what it represents. Currency trader's decisions aren't always if ever based on evaluation of the dollar's actual wotrh under controlled experimental research conditions for accuracy. In other words, it's based on perceptions, beliefs, indicating financial metrics, and changes in market conditions. 

It's kind of like faith! maybe that's why it says 'In God We Trust" on the back of a dollar bill.

When to pay cash and when to use a credit card

Consumers might be better off if credit cards had the equivalent of a surgeon general's warning on it; "Warning: Use of Credit Cards may be dangerous to your financial health potentially leading to financial peonage, and bankruptcy". Instead of the warning being by the surgeon general it might be by the federal reserve chairman. The idea here is credit cards are to be used with caution.

There are several reasons why a credit card can be useful however. Since modern economies are very dependent on credit as a source of exchange, it is somewhat undeniable that credit is a financial reality. Credit cards can also protect spenders through credit dispute mechanisms and credit history statements. This financial reality can necessitate the use of credit cards in addition to the following:

• Using credit cards effectively helps build credit ratings
• Bridge financial gaps between paychecks
• Make possible a beneficial opportunity that might not have been available otherwise.

Cash is useful too, and although it is quickly becoming less and less necessary to use cash, it still can be helpful to use cash instead of credit. Moreover, although credit cards are widely accepted and cash is not always necessary, there are specific benefits associated with using cash. Some of those benefits are listed below.

• It doesn't have to be paid back unless it's from a loan.
• Cash spending can keep one on top of a budget by only spending what one has
• It's harder to trace purchases if you like privacy.
• Cash looks good, it's creative, feels nice and is less uniform than plastic. It has aesthetic appeal.

So when should one use cash and when credit? how to distinguish? The concept of a monthly time line can be useful here. By planning a monthly budget one can decide which money will be used for building and maintaining credit and which money might be used to keep one on budget.

Of course not everyone needs to use cash because more advanced budgeters have self-control. In this instance, one may not use cash at all and may even dive into the realm of micro-budgeting. An example of Micro-Budgeting is when one finds a credit card that matches his/her greatest expense to a credit card that provides rewards and incentives for those expenses i.e. airline miles, cash back, discounts, gas rebates etc. This will inevitably lower the cost for that expense making the credit card advantageous if the expense is a necessity and within budget.

The decision of how to fine tune one's use of cash and credit card is up to the individual. Each individual has different spending habits, needs, expectations etc. regarding the use of cash and credit. By considering the above concepts in mind, one may be better navigate the pros and cons of spending with cash and credit cards.

Things to Know About Title Pawn Lenders

Title pawn shops will accept title for several types of motorized vehicles including jet skis in exchange for a cash loan with interest rates between 30-300 percent depending on state law. These loans are probably best used for very short-term emergency cash-flow needs. Unlike the credit card billing cycle, interest costs are still charged if the loan is paid back before the end of the loan's term.

Complete article link: http://www.ehow.com/info_8533474_do-title-pawn-shops-work.html

Disadvantages of Radio Cash Loans

There are several disadvantages of Radio Cash Loans, and if submitting bank account information to a relatively unknown company over the internet sounds like a bad idea, Radio Cash Loans may not be for you. Radio Cash Loans are loans offered by a lending network. The application filled out online is not direct but rather via an online marketing service that acts as an information intermediary between loan seekers and lenders.

Radio Cash Loans are similar to Payday Loans in the sense they are short term, and are generally intended to serve as a source of financing in between paychecks. Not paying these loans back within a short amount of time can be costly. Another disadvantage of Radio Cash Loans is even if they are paid back quickly they can still be expensive. According to Radiocash.com, the typical borrowing cost is between 25-30 percent of the loan's value. Thus, a $1,500 loan could cost as much as $450.

There are other disadvantages to Radio Cash Loans as well. When completing out the application online the data is not necessarily passed on via a secure website. Since the information can be transferred to multiple third party lenders, the risk of a security breach may be higher. In other words, as personal information is transferred, it becomes duplicated more often causing a greater potential exposure to phishing nets or malicious code intended to obtain such data.

Even though Radio Cash Loan advertisers do not check credit backgrounds, the actual lenders still can. This is evident in the terms of agreement for RadioCashLoans.com. This is specifically done via a social security number meaning if you provide this information, there is a possibility your credit history will be checked. Thus the claim that bad credit is okay and that the Radio Cash Loan advertiser does not check credit is not always revealing of the whole truth.

These are not the only disadvantages of Radio Cash Loans because who your person information is disclosed to is not necessarily disclosed to you making it harder to track any potential fraud. Any number of lenders could be receiving a significant amount of personal information. This information can include, name, address, employer, bank account number, bank routing number, telephone number, housing history, drivers license number, and employment history.

As convenient and helpful Radio Cash Loans may be, there are disadvantages to using this type of lending service. Generally these disadvantages relate to cost, privacy and security which aren't the least important aspects of one's personal banking. In actuality, these are aspects of personal finances that you might do well to take quite seriously and seem to not be a central benefit of Radio Cash Loans.

Sources:

1. http://bit.ly/cfKUUI (Radio Cash Loans)
2. http://bit.ly/9BtJG7 (Radio Cash)