Spring Clean Your Wallet

May 18, 2011|By David Lester


The birds are chirping and the bees are busy visiting all of the fresh flowers. The sun is staying up longer and the big sweaters and coats are about to be packed away for another season.  Time to clean out some clutter and enjoy spring with a fresh clean start.  Why not start with your wallet??!

It’s amazing what people keep in their wallets–old receipts, business cards, point cards, pictures, mints, and sometimes even locks of hair!  Cleaning out our wallets will serve the same purpose as cleaning our homes.  Let’s start fresh this spring with a new, slim, sexy, organized, and efficient wallet.

Having a wallet that you enjoy dealing with will change your mood towards the money that is held in it.  If your wallet is a cavern of slips, cards, and ATM receipts, looking into it each time you need to get your money could be a nightmare. If searching for your credit card makes you curse, it will effect your relationship with money.

So let’s spring clean your wallet and start the season in style.  Here is what you’ve got to do.

Get an awesome wallet:

First, go grab a new ah-mazing wallet.  I got a camouflaged Prada one (on sale of course).  It’s sleek and stylish and I love grabbing it off my desk in the morning and pulling it out to pay for something.  It makes me happy to deal with and it’s kinda awesome.  Buy one that reflects your personality and that makes you smile when you use it.

Organize non-wallet items:

Take everything out of your old wallet  and lay it on a table.  If there are business cards that you need to follow up on, put them in a pile and mark a date in your calendar to fire off an email for each one.  If  you have receipts, put them in your filing system.  Pictures can be stored on your phone or Blackberry.

Ditch Your Point Cards:

If you read my blogs or saw me in the Toronto Star last Monday, you’ll know that I don’t think point cards are worth it.  My wallet has my license, debit card, one credit card, my own business cards, and cash.  That’s it!  It’s lean and mean and all I need. Point programs always advertise you on a beach enjoying freedom from the work grind.  Well I enjoy freedom from point cards every single day by getting rid of them all!

Organize your wallet:

Once purged of all the extra cards, receipts, pics, etc., put one week’s cash allowance in your sleek, sexy wallet.  Put your business cards in one slot to keep them crisp and clean.  They reflect you and your trade.  Organize your bank cards so they are easy to whip out.  I have my debit, credit and license layers in order of use at my fingertips.  Quick draw!

Write three things you want:

With my cards I have written down the three things that I really really want this year.  They are on the back of one of my business cards and every time I pick a card or cash I can see them.  It re-enforces three important things to work towards that will make me happy.  I’ve been doing this for years now.  Try it.  It really works!

Your new and improved wallet will now reflect the way you see money.  Keep only what you need and organize them for easy use.  Your wallet should be enjoyable, efficient, and energetic.  Just like you!

Have an awesome week,


David Lester
About David Lester

David Lester is a best selling author and professional Financial Coach, helping people be better with their money. David has written a personal finance book that breaks with traditional attitudes towards finance and describes his own philosophy to money that he has gained through his personal and professional experiences. His philosophy on money applies to many areas of everyday life, including banking, investing, goal setting, shopping and entertainment.