Another great quality of acrylics is that they can be used for a variety of projects where durability and flexibility are needed. You can apply these paints straight from the tub or jar, or thin them with water for watercolor or airbrush. They are also excellent for decorative painting around the house, collage, airbrush, murals, silk screening, paper-mache, brush and pallet knife, fabric painting, silk screening, photo retouching and more. My girlfriend uses acrylics for fabric painting, and thinks they're great. She applies the paints with brushes, a little squirt bottle and rubber or sponge stamps.
Acrylics are usually less expensive than oils, too.
Since acrylics are waterproof when dry, they are excellent for outdoor murals. However, dried acrylic paints are microscopically porous, so it's a good idea to use a varnish, especially if the painting will be exposed to the weather. Cleanup is easy with acrylics. As long as your brushes are kept wet, you can wash them with soap and warm water. Instead of using a wood palette, one made of Plexiglas or glass allows you to easily peel off any excess paint that dries on the palette.