Remember the Seinfeld episode when George complains of back pain only to learn it’s his brick-size wallet in his back pocket causing the problem? Someday, I hope to have the ultimate simple wallet. What would be in there?
My dream wallet has just one credit card, one debit card, my ID, my health insurance card, and a bit over $100 cash for emergencies. That’s it!
For the ultimate in financial simplicity, I would also pick the right credit and debit cards.
The Blue Cash Everyday Card® from American Express® would be my credit card (not for carrying a balance but for earning cash rewards on everyday purchases.)
Then I’d have my ING Electric Orange debit MasterCard linked to my interest-bearing ING checking account. The only times I’d use this would be to get cash or in the event a merchant didn’t take Amex. (This is becoming less and less common, at least where I shop).
Of course, I’d also need my license, and for emergencies, my health insurance card.
I’m not to this degree of simplicity yet, as I still have two credit cards, one for work and one for personal expenses, as well as my local credit union debit card, because I haven’t switched over completely to my ING account. But I still keep my wallet pretty slim.
Do you have a simple or cluttered wallet?
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