An old movie store card. A receipt for a donut you already ate. A gift card with a balance of 4 cents to a restaurant that’s out of business.
We can often turn into pack rats with our wallets, afraid to leave anything out, “just in case.” But a bulky wallet can lead to more complications than convenience. Here are a few tips to help you slim down your wallet and simplify your life.
Get rid of the obvious excess
Start with things that belong in the trash (or recycling, when possible): old receipts, movie ticket stubs and expired coupons. Next, pick out the things that are better left at home. Social Security cards should always be stored safely at home or in a safe deposit box and only carried with you when absolutely necessary. In the U.S., 1,000 wallets and purses are stolen every two minutes, and you don’t want identity thieves getting their hands on your Social Security number.
Stick to the essentials