What's in Your Wallet

0118WalletIt's always by your side; one of those rare and precious things in life that you hold close. Yet, most of us never really know how much we need and appreciate it until it's gone....It's your wallet.

And if you've ever had the unfortunate experience of losing it, having it stolen, or even temporarily misplacing it, you know how scary that can be, especially if your wallet ended up in the wrong hands.

One of the best ways to protect yourself is to know exactly what you have in your wallet and include only what you need. There are only a few things you actually do need, including:

  • Driver's License. You need a driver's license to operate a motor vehicle, board a flight, or simply to provide identification, so make sure you have it with you at all times.
  • Cash. Although it seems like we are moving toward a cashless society, it's important to always have cash with you in case you can't find an ATM or need to purchase something from an establishment that does not accept credit cards.
  • Debit Card. Your debit card allows you to get cash at the ATM, but also can be used to make purchases. Plus, when you carry your debit card, you won't need to carry large amounts of cash in your wallet, which can make you more vulnerable to theft.
  • Credit Card. You may also need a credit card icash, credit can the event of an emergency or unexpected expense, such as car repairs when you are away from home.
  • Insurance Card. If you experience a medical emergency or even have to go to the doctor, you'll need to present your insurance card.

There are some things you should NEVER carry in your wallet, including:

  • Social Security card. In the wrong hands, your Social Security number could allow an identity thief to open accounts in your name.
  • A House Key. A thief will not only be able to figure out where your home is, but also get into it.
  • Blank Checks. A thief could forge your signature and steal money from your bank account.
  • Your ATM PIN or other Security Passwords. If you have to write this information down, leave it at home in a secure place where others can't see it.
  • Multiple Department Store Cards. If you have department store credit cards that allow you to save, don't carry them all with you. Bring only the card you need to shop.

Greater security is in your hands. See what's in your wallet today. It might save you a whole lot of money and aggravation down the road.