Why do you have this in your wallet?

Wallets serve a great purpose and we have carried them since we got our driver’s licenses. There are many things that people keep in their wallets that they should not. A few items to always have in your wallet are: your driver’s license, your auto insurance card, a bit of cash, and a credit card, that’s it. Here are a few things that people carry in their wallets that I wish they would take out immediately:
Your Social Security card. Losing your Social Security number is a sure ticket to identity theft. Once stolen, rogue identity thieves could use that number to get loans in your name or obtain credit cards. For that reason, identity theft experts say, never carry your Social Security card — or even a piece of paper with your Social Security number on it.

Your passwords. If you have to keep passwords jotted down somewhere, keep them in a locked box in your house. You should also consider a digital password manager. One to consider is LastPass. The basic service is free, or you can upgrade to the premium version for $3 per month.

Multiple credit cards. That way, if your wallet is lost or stolen, you won’t have as many credit cards that you’ll have to cancel. My recommendation: Carry one rewards card for everyday purchases as well as a backup card for unplanned purchases or emergencies.

As someone who has had their identity stolen, I can tell you it is a lot of work trying to get everything straightened out. Be smart and protect yourself.


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