What's in my wallet? Everything but cash and credit cards

What's in My Wallet is a series of posts from WalletPop writers and editors that will help you maximize your financial self according to what you carry.

By special request I now empty the contents of my wallet for review. I should tell you first, my wallet is not used as a receptacle for carrying actual money. Cash goes in my front pants pocket just because I think it's a bit more secure there. The wallet which I am carrying right now is probably about two years old and I'd be willing to bet it's touched cash, maybe twice. My wallet is an effective mini filing cabinet which is seldom tampered with except for the nearly daily removal and deployment of my trusty debit card.

Let's see now, I have my driver's license here and amazingly it's up to date. It has the obligatory bad photo on it and a little donor icon over on the right side. I have a couple health insurance cards here also. Knock on wood, those have seen daylight only a couple times. My social security card also takes up a wallet spot. It's in amazingly good condition for what it's been through all these years.

I'm carrying several little paper slips with phone numbers I occasionally use. I'm also carrying a couple business cards as reminders of services well performed. The largest volume of my wallet is taken by my favorite pictures of my wife and my girls. I guess perhaps my wallet gives evidence of the nature of my priorities.

There are no credit cards in my wallet and I like it that way. Credit cards don't interest me and I haven't had one for about a decade. My debit card functions in the very same manner as a credit card does, except when I use it, I'm spending money I actually have. You might be tempted to wonder why I loath the presence of a credit card in my wallet. If so, I'll simply explain it to you this way: It is my opinion that credit cards are too damn expensive to own, and the people who use them the most are generally the people who should be using them the least.

What's in your wallet and what's your opinion on credit cards? We'd all love to know.

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