What’s in My Wallet
I thought it might be kind of cool, as a personal finance blogger, to answer the annoyingly effective (or effectively annoying?) ad slogan question, “what’s in your wallet?”. And no, you won’t find a Capital One card.
To be fully transparent, I did do a bit of tidying up to get it in this state – removing an old frequent flyer card, some receipts, and a few bank statements in the process. It wasn’t quite George Costanza-bursting-at-the-seams level, but still, nothing to write home about.
As you will see, there is a lot of plastic, which makes this thing unbearably thick – to the point where I usually only put it in my pocket if I’m going into a store to make a purchase or a restaurant.
So lets take a walk through.
Wallet: I’ll start with the wallet itself. Genuine leather tri-fold. I could not tell you what off-name brand it is, and honestly, I kind of like that I don’t know. I’ve had this wallet for at least 13 years now, I would imagine. It’s still going strong, but if it ever falls apart on me, I’d probably move to something much smaller. A bi-fold at max.
Cash: I was randomly carrying $14 American cash on me at the time of the photo, along with $10 Canadian (I take frequent business trips to Canada). With my reliance on cards for payments, I usually don’t carry much more than $30 cash at any time. I feel safer this way too. If I’m pick-pocketed, I may have a bit of a headache calling to cancel credit cards, but at least I’m not out the cash.
Debit Cards: I have two debit cards from TCF Bank. I have checking accounts with them as they have free checking and are literally in my employer’s building – making it easy to cash checks or withdraw from their ATM, if I need cash. If they weren’t this convenient, you’d see an Ally Bank free checking debit/ATM card instead.
Why two debit cards from the same bank? My wife and I each have separate bank accounts and shared a joint account. I have one card for each.
Credit Cards: I have four in my wallet at the moment, you can find out more about these on my list of money saving products (and if you’re looking for credit cards that suit your needs, check out my credit card comparison tool):
- Blue Cash Preferred® American Express: This is my go-to grocery rewards card, which I use at Trader Joe’s, Meijer, and Whole Foods. It offers 6% cash back at US supermarkets (as well as 3% at US gas stations & select department stores, and 1% on other purchases).
- TrueEarnings® Costco American Express: this card has become my restaurant and travel card (it offers 2% cash back for eligible travel & restaurant purchases, and 1% on other purchases). It also dubs as my Costco membership card. It is the only card you can use at Costco.
- Visa Cash+ Card: This is a card that is no longer open to new accounts, but gets me 5% cash back on online bill pay and restaurants.
- GM Card: I use this card for business related expenses only and could probably leave it at home, as all of the expenses associated with running this blog are transacted online.
Health-Related: at the bottom, you’ll see three health related cards:
- Delta Dental: this card is for my dental insurance through my employer.
- Cigna/HAP: this is my HDHP health insurance card.
- My Equity HSA debit card: this debits directly from my HSA when I charge health related expenses like a doctor’s visit or a prescription.
Other Random: on the left side, you’ll find:
- A rewards punch card for homebrew kits. Buy 10, get one free.
- An AMC Theater gift card. I received this over a year ago and haven’t been to the theater since as there is no AMC within 25 miles of my house. Should probably leave this one at home.
- A Mug Club membership at a favorite local brewery. I get a discount on all beer! (has paid itself off already)
State of Michigan Driver’s License: last, but not least, for the 1 to 2 times per month I actually drive or get carded when buying alcohol.
That covers it
Your turn! What’s in your wallet?