You’ve probably heard the phrase, “Out of sight, out of mind.” It means that if you put something somewhere where you can’t easily see it, then there’s a greater chance of forgetting about it.
This concept also applies to your wallet. A cluttered wallet contributes to a cluttered, inefficient life. If your wallet is full of old receipts and business cards, it will create an extra burden for you while you navigate for important documents.
You’ve probably already come across this problem. You buy a new wallet and it’s nice and clean. Then, over the course of several months or years, it becomes filled with old receipts, coupons that are long past their expiration date, business cards from people you don’t even know, and other miscellaneous items.
Why Should You Declutter your Wallet?
There are numerous reasons that you should declutter your wallet. First, a cluttered wallet is a source of stress. If you have to rifle through a bunch of receipts to find the one you need, you will get frustrated. Your wallet’s contents seem unorganized and confusing when it’s cluttered.
Additionally, you should declutter your wallet because it just makes good sense. If you want to save yourself some money by making fewer impulse purchases throughout the day, then think about cutting down on the number of cards in your wallet. If you think about what’s in your wallet when it’s cluttered, you will notice that most of the contents are either useless or unneeded.
Finally, decluttering your wallet can save you valuable time. Think about how much time you would save if you didn’t have to sift through numerous receipts to find the one that you need.
How to Declutter Your Wallet
If you’re ready to declutter your wallet, you can do it by following these simple steps.
Step One: Separate the Nonessential from the Essential
You probably don’t need all of the business cards that you’ve collected over the years. So, first, separate the useless cards from the ones that you need. If you don’t need a card, then throw it away immediately.
You should also remove your credit cards from your wallet. Of course, if you are planning on spending money, leave them in their usual place.
However, if you’re trying to cut down on your spending, then it’s best to remove your credit cards from your wallet. Keep them somewhere else so that you won’t be tempted to buy anything with them.
Alternatively, you may empty your entire wallet and then start over by selecting the essential cards. In this way, you’ll be able to declutter unwanted items to some extent.
Step Two: Decide on your daily carry
You should consider what you need in order to be prepared for the day. For example, do you want to carry around receipts and stamps? If you want to be prepared, then go ahead and carry around the things that you need.
Of course, everyone’s situation is different. If you live in a large city with access to public transportation, for example, then you will probably have an unlimited bus pass or public transportation card. This card will likely be one of the few things in your wallet that is non-expiring.
Perhaps you live in an area where you can walk just about everywhere, so bus passes and public transportation cards are not necessary. Scrap the expiration date if it’s not needed. If your local public transportation system uses a card that needs to be reloaded, then you can store the information online at the public transportation website.
Step Three: Digitize your cards
If you don’t already do it, make digital copies of anything that is important and needs to be stored. For example, instead of keeping business cards as physical copies, you can store digital copies on your computer.
You can make use of the mobile apps that do the job of storing your information and data digitally and you can access them at any time of the day.
This will allow you to save space in your wallet and it is also a lot easier to search for crucial information that you’ve digitized. Information that’s digitized can be searched, unlike physical copies that cannot be searched due to their infinite number.
Step Four: Get a Minimalist Wallet
Once you’ve digitized everything that is essential, then consider carrying around a minimalist wallet. If possible, get rid of all of the receipts in your wallet. You shouldn’t carry around all the receipts that you get in a day unless they are needed for tax reasons.
A minimalist wallet is a wallet that is stripped of everything unnecessary. The goal is to carry around only the essentials while also avoiding clutter.
Depending on your personal needs and preferences, you may want to carry around a card holder or a money clip instead of a traditional wallet.
Have multiple wallets for different occasions. For example, you might want to keep a minimalist wallet for everyday use and a larger one that is filled with everything that you need for an outdoor adventure.
Step Five: Get rid of all the rest
Once you’ve decided on your daily carry and gotten a minimalist wallet, then it’s time to get rid of everything else. Do you really need the other cards in your wallet?
Do you really need all of those loyalty or membership cards? If they are not essential, then get rid of them.
Also, if you don’t actually use the bus passes or public transportation cards in your wallet, then they are not needed either.
Now that you’ve decluttered your wallet, you can get rid of all of the things that are cluttering up your life. Follow the above steps to get rid of everything that is no longer needed in your wallet or elsewhere in your life.
What should I not keep in my wallet?
Do not keep debit or credit cards in your wallet. This is especially important if you are trying to cut down on spending. Keep them in a safe place where you won’t see them.
Also, do not keep cash in your wallet. Keep a small amount of money for daily use in your wallet and store the rest in a safe. The general rule of thumb is to keep only as much cash as you would spend on your daily commute.
Do not keep receipts in your wallet. If you do need to keep them, then they can be stored digitally on your computer.
How do I organize my minimalist wallet?
If you are using a traditional wallet, then one way to organize it is by category. For example, store cards that you use together in the same pocket. This will make them easier to find and use when you need them.
Do not keep expired cards in your wallet; keep digital copies instead.
Keep cards that you will need in the immediate future in an easy-to-reach place. This would include things like bus passes or any other cards that you use daily.
For less frequently used cards, place them in a different pocket and do not take them out unless necessary.
What should I always keep in my wallet?
Always keep identification on you, especially a government-issued form of ID.
If you have cash, always keep a little bit in your wallet for daily use.
Keep a debit card for immediate access to an emergency fund, but do not keep a credit card in your wallet.
Keep cash in case you need to make an emergency purchase.
Always keep a card with the customer service number for your bank, in case anything goes wrong with your account.