In another such instance, a man lost his wallet in Wilmington, North Carolina when he was getting ready to go fishing. He accidentally left his wallet in the bumper of his car. After getting back home, when he realized that his wallet was missing, he panicked, and immediately called the credit card company to cancel his card. At that time, a guy came up to his doorstep with a wallet in his hand.
Both the stories above show how losing a wallet can end up taking a piece of a person’s life. The stuff that we carry in our wallets include cash, credit cards, photographs, numerous visiting cards, bank slips, gift coupons and much more. Out of these, there are a few things you shouldn’t actually carry due to the risks of information leakage. Rather, carry only your essential things in a lightweight wallet.
Here a few things that you should avoid carrying in your overstuffed wallet:
Bank Slip – With your name and Social Security Number (SSN) on the slip, fraudsters can open a new credit card account, and make expensive purchases.
Social Security Card – According to the ID theft experts, your SSN shouldn’t be carried around to avoid its misuse.
Password Sheet – Carrying your Credit card and ATM card PIN written on a paper is one of the worst mistakes that one can make; it may lead to financial disaster.
Multiple Credit Cards – Carrying too many credit cards with you will significantly increase the risk of financial loss. It’ll also lead to a lot of hassles to follow up with the credit card companies to report and close out the lost cards.
Too Much Cash – Along with credit cards, putting a bunch of cash will increase the bulge of your wallet. Rather, carry only the amount of cash that is needed.
Carrying any of the stuff mentioned above and losing them by any chance is nothing short of asking for trouble. In order to avoid these hassles, using lightweight wallets could well be a great way to prevent any kind of misuse and financial loss.