How to Organize Your Wallet

how to organize your walletIs your wallet overflowing with stuff?  This is common, especially during or after the holiday season.  You probably have more receipts than usual, and are busy trying to “get it all done”.

Below are a few simple tips on what to keep and what NOT to keep in your wallet, how to be ready for an emergency, and how to protect yourself.

Items that SHOULD be in your wallet

 •   Gift Cards – Treat these like cash and keep them with your cash.  Over 30% of all gift cards are lost and never get redeemed.
•   Credit Cards – Keep the credit cards you use with you.  If you have cards you are no longer using, keep them in an envelope in your safe deposit box or shred them.
•     Driver’s License or ID
•  Emergency Contact Card – On a business card size piece of paper, type the names and numbers of two different people you would like to be contacted in the event of an emergency.  Have it laminated and keep it behind your Driver’s License or ID.  If you are in an accident, this makes it easy for the police and hospital to know who to call.
•   Medical Insurance Card – Not completely necessary but can be helpful in the case of an emergency or accident.
•   Auto Insurance Card – If you own and operate a vehicle, it can be helpful to keep a copy of your insurance card in your wallet.  Insurance companies typically send you an extra one.  This can come in handy in the event that your car is stolen or if you are in an accident and can’t get at the one that is in your glove box.

TIP:  Make a photo copy of everything in your wallet.  Copy the front and back side of all of your credit cards.  Keep the photocopy in your safe deposit box.  If your wallet is ever lost or stolen you will know exactly what you lost and who you need to call.

Items that should NOT be in your wallet

 •    Business Cards – You could keep a couple of your own business cards in your wallet.  But, as you collect business cards of other people enter them into your address book or connect with them on LinkedIn, and then toss them!  The quickest way to do this is to create a spot on your desk where you put new business cards and then once a week process the whole pile of them.  By batching this little job, you will be able to get it done fast.  It’s a great thing to do at the end of the day when you don’t have the brain power to work on a project.
•    Receipts – When you get home from shopping, place your receipts into a simple and efficient filing system.  I explain how to set up a super fast self-cleansing receipt system in my Fast-Filing Method program.
•    Misc Notes & Papers – Instead of writing on sticky notes and napkins and shoving them in your wallet, use either a paper capture tool or an smartphone app such as Evernote.  I explain how to use a capture tool to easily and efficiently keep track of miscellaneous information in my Fast-Filing Method program.

If you’ve got a smart phone and hate carrying loyalty cards (but don’t want to give up the perks), check out this cool smartphone app that keeps track of all of them for you — click here to watch a short video about it.

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2 Responses to “How to Organize Your Wallet”

  1. Rowena List November 9, 2011 at 4:39 pm #

    Hi Heidi, I have an article almost exact to this. I guess us organizers think alike plus there is really only one or 2 ways to have a organized purse. Hard to put a different twist on it.
    Sounds like your friend needs the pouchee purse organizer.
    They make great Xmas gifts!!!
    smiles all the way.
    Rowena List recently posted..Getting Your Recipes TogetherMy Profile

  2. connie sampson November 9, 2011 at 6:04 pm #

    These are sold elsewhere in mail catalogues such as Regal for less money

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