Four Steps to Slim Your Wallet

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Do you really need to carry a wallet full of billfolds, cards, folded papers, and all the other stuff that somehow finds its way in?

Certainly not.

Most of the items kept in men’s wallets are simply unnecessary clutter. And it’s dangerous to the man’s personal security and health.

Unless you head out every other day to fill out a tax form, open a new line of credit, use several gift cards, or shop at different stores, a minimalist wallet such as the compact, full capacity Kinzd men’s slim wallet is fine and safe for you.

Recent statistics show that in the US, more than 500 wallets and purses are stolen every minute. In addition, about 75 percent of identity thefts start with theft of something physical.

Like a wallet.

Your fat wallet can give away your entire life to crooks. It is approximated that the full cost of recovering from identity theft averages at $8,000. Isn’t this mind-boggling?

Another problem of carrying a bulky wallet, especially in the back pocket, is back-related health issues. Sitting on a wallet for long periods can cause the compression or irritation of the sciatic nerve which can lead to sciatica. Sciatica is associated with problems such as numbness, stress headaches, neuropathic pain, and thoracic outlet syndrome.

You have every reason to declutter your wallet and start using a minimalist wallet. This write-up will take you through four simple steps of doing so.

Step 1: Take out everything

The traditional wallet can have as many as 20 compartments. You probably have items in all of these compartments, some of which you may not have used for months. Begin with emptying out everything from the wallet. Lay the items in front of you.

Obviously, there’s some trash you will know right away that you don’t need to keep. This could include expired cards, ticket stubs, and random slips of paper. File any old receipts that you need to keep.

There is a pretty big chance that some of the cards and pieces of paper you don’t need contain personal information. These are not the kind you throw into the dust bin. Shred them for your security.

Step 2: Decide what to keep/your daily wallet essentials

You’ve taken out the trash and are now left with important items but you do not need to have them in your wallet every day.

We start with things you need to leave in a safe place at home.

▪ Social security card: From a security point of view, your social security number is the most sensitive type of identification. This card being in the hands of identity thieves can be a nightmare, so you want to leave it somewhere safe at home.

▪ Passport: Unless you are an expat moving from state to state and country to country on a daily basis, leave your passport at home. Replacing a lost passport can be a painfully lengthy process.

▪ Gift cards: While having gift cards is beneficial, there is no need to carry them on any other day except the one you intend to visit the store in which you can use them. Carrying them every day increases the chances of loss in addition to adding unnecessary and health-threatening weight to your wallet.

▪ Excess cash: In this e-money era, carrying excess cash is unnecessary. Keeping just a little change will help you to avoid impulse buying (to a certain extent), in addition to reducing the weight of your wallet.

▪ Too many credit/debit cards: If you have several payment cards, you don’t have to keep all of them in your daily carry. Leave the cards you don’t use regularly at home.

When it’s time to put items into your wallet, evaluate each item to ensure that it has earned a spot in there. You can use the following questions for this evaluation:

i. Do I use this item often enough?

ii. What would happen if I needed this item but found that it is not in the wallet?

iii. What could happen if my wallet got lost with this item inside?

Items that you need to keep in your wallet include: one payment card and its alternative/backup, a few cash notes straightened up properly, and an ICE (In Case of Emergency) card.

It is also good to have a photo of family or a loved one. Research shows that wallets with photos are more likely to be returned than those without photos.

Step 3: Digitize your cards

The aim of decluttering your wallet is to reduce the amount of load you carry every day but not to make you lose out on opportunities. Digitizing your cards and storing the data in a way that it can be accessed with your smartphone is the new way of making sure you don’t lose on membership deals and discounts.

There are many apps that have been designed to help individuals live a comfortable digitized life. These include password managers, online payment apps, business card reader apps, and loyalty card apps. Make use of such technologies.

Step 4: Get a minimalist wallet

To make sure that the old habit of holding on to stuff doesn’t kick back in, enhance your new decluttered lifestyle with a minimalist wallet.

The best minimalist wallets (the likes of Kinzd men’s slim wallet) are designed in a simple, stylish, and clean bifold design. They are also durable, practical and comfortable.

Since such a wallet is smaller and slimmer, you can keep it in your front pocket, thus avoiding the lower back problems associated with having bulky wallets in the back pocket all day. Moreover, a front pocket wallet will keep your cards looking clean and new for longer since you are not you sitting on them. A smaller wallet also makes one more organized. Finally, you are safer with a modern minimalist wallet that has an RFID blocker. The blocker prevents electronic pickpockets from stealing your personal information.

While decluttering your wallet is as simple as explained in the four steps, you need to make decluttering a habit. Purpose to clear out your wallet frequently to keep it clean, safe, and comfortable.