A couple of years ago I was asked, "What's in your wallet?"
I wasn't being asked if I had the best rewards credit card. I was talking to my doctor at the time, complaining of lower back pain. I showed him this bulging, folded cowhide that unfortunately had everything in it but the green stuff!
Men and women alike can relate. My wallet contained large masses of receipts, loyalty cards and an assortment of debit and credit cards.
My doctor instructed me to switch to a money clip. I did for a few years. Somehow that wasn't enough.
About a year or two ago I discovered the best wallet I've ever had. It was from a company I discovered on the Internet called Bellroy.
Bellroy wallets are quality, without a doubt. And gentlemen, they are incredibly well thought-out. Even neat, I would say. They are made of high-quality leather, hand-stitched, and come with a three-year warranty. There are a variety of styles, sizes, colors and purposes. There are hidden compartments for cards, coins, keys and even a smart card! Mine has a little tab inside to access other cards I use less frequently.
I personally purchased the Slim Sleeve. I wanted a minimalist approach that could carry just enough but reduce bulk. I also keep it in my front pocket. That allows me to sit flat without the bulge in one pocket. These wallets will allow you to stuff money and four to 12 credit cards at a fraction of the size of your existing wallet.
They are a little pricey. If you've never paid more than $25 to $30 for a wallet, keep in mind that these are a bit pricier than your average department-store billfold. I spent $80, but I have one that retains it shape and beautiful look for two years now. It will probably last for many years to come. Most store-bought wallets need replacing after a few years.
Bellroy products make a great gift. So if you are a lady reading this, it makes a nice birthday or special occasion gift idea. Maybe even a groomsman gift?
Finally, I want to give you a little helpful financial advice. Even if you don't decide to switch your wallet over to the Bellroy, take the time to inventory what's in your wallet. Pull everything out and take a cellphone pic of its contents. That way, if it's ever stolen, you know which card companies to call and what to replace.
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Top 8 Benefits of Financial Education
Learn How to Budget (01 of08)
Open Image ModalBudgeting and tracking your expenses will give you a firm grasp on how much money is coming in and where it’s going out. This can help you cut wasteful spending and free up more of your income. (credit:Getty Images)
Become a Smart Saver to Build Your Savings (02 of08)
Open Image ModalOver 75 percent of Americans don’t have enough in savings to cover their bills for six months, and 25 percent have no savings at all. Becoming a smart saver will help you create a strong savings plan to be ready for an emergency or rainy day.Source: Federal Reserve, US Census Bureau, Internal Revenue Service (credit:Getty Images)
Manage Your 401(k)/Defined Contribution Plan(03 of08)
Open Image ModalMost of us have 401(k) retirement or similar defined contribution plans, but don’t quite understand how to properly take advantage of all they can offer. By becoming financially savvy, you will be able to take control of your 401(k)/defined contribution plan and maximize your benefits. (credit:Getty Images)
Avoid the Pitfalls of Debt(04 of08)
Open Image ModalToday there are more ways to get into debt than ever before. Many of us start straight out of school with student loans, credit card debt and more. Financial education programs can teach you how to spot debt pitfalls and ways to get out from under any amount of debt. (credit:Getty Images)
Take Control of Your Retirement Security(05 of08)
Open Image ModalOver 40 percent of Americans are not saving for retirement, but it’s not too late. You can figure out the best way to save for retirement and create a plan to reach your goal. A good rule of thumb is to set aside 10 percent of your wages for retirement.Source: Federal Reserve, US Census Bureau, Internal Revenue Service (credit:Getty Images)
Build Peace of Mind (06 of08)
Open Image ModalHow would you feel if you didn’t have to worry about money issues or retirement? Financial security alleviates one of the most stressful issues in our lives and helps build confidence for the future. (credit:Getty Images)
Learn the Benefits of Long-Term Investing(07 of08)
Open Image ModalThe recipe for success is investing in solid companies and holding on to them for the long haul. Top investor Warren Buffet tells investors how taking a long-term view can benefit your portfolio with Coca-Cola: “If you had invested $40 in Coca-Cola stock in 1919 it would be worth over $10 million today.” So don’t try to play the market and run the risk of buying high and selling low. Make thoughtful choices and stay calm through short-term market upturns and downturns. (credit:Getty Images)
You Can Teach Your Children(08 of08)
Open Image ModalOne of the most important things you can teach your children is how to handle their finances wisely. Start them off on the right foot and make them smart savers! (credit:Getty Images)