If your wallet is currently overflowing with various items, you're not alone. Many are currently carrying around wallets that are stuffed with papers, coins, cards, bills and photos and if you're one of them, it's time to clean out the mess and start over from scratch. Your wallet is serving you no purpose if it's a disaster, but once you clean it out, you can organize it so it can start helping you save money. There are several things you should keep in your wallet that can actually help save you money on a day-to-day basis.
There are so many walking around right now with no cash in their wallet, but this can be detrimental to your finances. Carrying cards often encourages spending, but if you have cash on you, you're typically more aware of where every dollar is going. It's also great to use for purchases so you get coins back, which you can then shove in a jar and save them up for a day when you cash them all in.
Store discount cards
Many stores, from grocery stores to pharmacies, allow you to sign up for discount cards which can help you save quite a bit of money. At one store in particular, I save 20% on every purchase just by showing my discount card. If you'd rather not keep them in your wallet, at least hold onto the keychain cards.
Keeping a weeks worth of receipts in your wallet can be a wake-up call to how much you're spending. There's been several times when I opened my wallet to make a purchase and changed my mind when I saw a handful of receipts sitting there. At the end of the week, either toss them or take them out and store them elsewhere.
Reward credit card
Other than your debit card, you should only keep one credit card in your wallet - a rewards card. At least you're getting something back for the money you spend. For those who carry store credit cards, leave them at home unless you want temptation staring at you on a daily basis.
I know quite a few people prefer to keep their coupons in their car, but for those who often take public transportation, leaving them in the car is going to do nothing for certain purchases. You're better off leaving them in your wallet or at least in an envelope in your purse. There's been many times when I stopped off at a restaurant or had to pick something up at a store last minute and whipped out a coupon for big savings.
Organization, school or job identification
There are quite a few organizations, schools and jobs that issue ID's and if you happen to have one, carry it on you at all times. The card can help you get discounts at many stores, restaurants and even hotels just by showing it at the counter. If you're unsure if the place offers discounts for your particular ID, don't hesitate to ask.
Your wallet should help you save money, not serve as a garbage dump for random papers and things that you'll forget about in a few days. At least once a week, clean out your wallet so there's nothing in there but what you absolutely need. Not only will this help you with saving money, but it will also help prevent you from being that person who digs around for what she needs while standing at the counter and holding up the line.
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