Have you ever lost your wallet? I have not, but I shudder to think what kind of mess I would be in if I did. Fortunately, my wallet is usually void of any cash (or maybe I’m unfortunate?). However, I’ve got plenty of other important items in there that I’d be lost without.
The obvious items in your wallet you are probably concerned about are your credit cards. However, your health insurance cards, social security, Medicare, and other cards are just as valuable to thieves. Healthcare fraud is one of the fastest growing crimes today and you don’t want to be stuck paying someone else’s medical bills. One solution is to not carry them in your wallet. Leave them at home and only take them with you if you have an appointment where you know they will be needed. The other solution would be to make a photocopy of the card to keep with you and black out the last few digits of the account number which you could memorize.
Speaking of those credit cards…First off, limit the number of credit cards that you own and carry. There is no reason to have more than three. Second, make a photocopy of all of your credit and debit cards and keep them in a safe place. If you lose them, you want to have those account numbers when to go to cancel them. While you are inventorying those cards, also take the time to note what accounts have automatic payments. If you have to close accounts, you will have to re-establish those automatic payments. Having a list will help you so you don’t miss any critical payments.
Lastly, to avoid this unpleasantness altogether, take some precautions that will ensure that you are not parted with your wallet. Keep it on your person, preferably in a front pocket or one with a secure button or zipper. Don’t leave your wallet in a purse or luggage which may leave your sight or be separated from you. And if you are really worried, get a wallet with a chain or lanyard that will attach to your clothing so that you cannot walk away without it.
If you have any other cards or information in your wallet, think about whether you need to have with you in your wallet. The less you carry, the less of a headache you will have if your wallet is lost or stolen. Losing your wallet is bad enough, but trying to remember everything that was in it just adds to the frustration.