Avoid These Money Storing Methods at All Costs

For most of us, money plays an important role in our lives. So it makes sense that you'd want to keep the money you've earned safe from harm. If you want to avoid losing your money at all costs, you’re going to need to ditch a few of these old-school money storing methods. Continue reading to learn the best and worst ways to lug your cards and ID around with you, whether you’re traveling internationally or just stopping by the supermarket.

Money Storing Fail #1: Having A Cardholder On Your Phone

Everyone loves the convenience of a cardholder on their phone. However, these are dangerous if you lose or drop your phone. The only thing worse than losing your expensive cellphone is losing all of your credit cards and ID cards along with it. It’s best to keep your phone and wallet separate, in case this ever does happen to you.

Money Storing Fail #2: Using An Old Wallet

If your wallet is falling apart -- if it's old, cheap, or flimsy -- you’re putting yourself in a lot of danger. That wallet is a ticking time bomb, and you don’t want to be around when it goes off. It can rip or fall apart on you at any moment, so it's best to invest in a worthwhile wallet before any of that happens. Nearly 17% of identity fraud that occurred in 2017 was due in part to credit card theft. Don't make it any easier for criminals to get their hands on your cards.

Money Storing Fail #3: Wearing a Money Belt

Tourists often think that a money belt will protect them from theft. However, this is just the opposite. Wearing a money belt while traveling is like painting a big target on your back. Thieves in foreign countries will be able to identify you as a wandering or lost tourist with one of these strapped around your waist. You may think your money is safe, but in reality, the more discreet you are about carrying your valuables, the better.

Money Storing Fail #4: Cramming Things In Your Pockets

f you don’t even own a wallet, cramming your cards and cash into your pocket is a recipe for disaster! You will feel disorganized without a proper place to store your cash and can easily misplace your cards. The same goes for loosely storing your valuables in a purse, laptop bag, or backpack. You want to keep your valuables on your person smartly and reliably.

Money Storing Fail #5: Relying On Online Banking or Apps

Technology makes life easier. We can call, text, and video chat on our phones. We can even use our phone to pay for things at the mall and grocery store. However, despite how easy it is to have a digital credit card stored on your phone, not all stores carry the same web-enabled card readers. You don’t want to be at the end of the checkout line only to realize that a store does not accept your form of payment. It’s best to bring a tangible wallet, with all of your important cards instead.

How to Combat These Money Storing Fails With an Ultra Thin Wallet

An ultra thin wallet is the easiest solution to all of these money storing fails. An ultra thin wallet allows you to keep your physical cards on you at all times. Since it’s so slim, you can keep it in your front pocket so its always in view. You can also carry a money clip to hold cash if you prefer paper over plastic.

Ditch any of these outdated methods and switch over if you haven’t already. As you can see, many of these money storing methods can easily fail and should not be trusted when you’re carrying around your hard-earned money. However, using an ultra thin wallet is nearly fail-proof. You’ll also find that it’s the safest, and smartest way to carry your valuables, no matter where you’re going. To learn more, please contact us today.