How Cleaning Your Wallet Benefits You Financially
It is not quite time for spring cleaning, but if you are a slightly disorganized person like me you may benefit financially by cleaning your wallet or purse.
Use Unspent Gift Cards
My husband was the first to clean his wallet since his wallet was getting extremely thick from the myriad of cards and receipts he keeps. After laying everything out he found that he had several gift cards with a positive balance on them. The gift cards totaled to almost $70 and he used them immediately to treat himself. I always encourage him to use gift cards as soon as possible so that the card values do not get deflated.
Lighten the Weight of Coins
When I cleaned my purse I found a bunch of receipts, and also a fairly large pile of coins. I routinely throw coins into my purse and it simply gets heavier and heavier. I am not sure how much money it came out to be, but it certainly lightened my purse quite a bit and it is now easier to carry.
Dispose of Expired and Unused Credit Cards
Both my husband and I cleaned out expired credit cards and ATM cards. This definitely reduces the confusion when we are searching for our credit and ATM cards and saves some time.
Organize for Taxes
If you have receipts in your wallet that need to be kept for filing your taxes, then it is a good idea to sort them out before they are lost. Receipts are also useful for flexible spending accounts.
The bottom line is that it is definitely a good idea to keep your physical wallet or purse organized so that you do not have to clean out a bunch of junk. If your purse gets cluttered as quickly as mine, it is probably best to clean it on a routine schedule. That way you will avoid carrying around trash and use your money more efficiently.
What was the best thing you found while cleaning your wallet?