As frequent readers of our blog know, I’m all for the “less is more” way of being.

Generally I’m the total minimalist when it comes to the purse/wallet category. Recently I’ve experienced an uncomfortable bulking of the wallet.

Not only do I have to carry multiple currencies, often in small denominations, I also live where I am. Aside from my snits in Kabul, I’m often living out of my suitcase or hotel.

This means that I’ve been prone to also carrying multiple frequent flyer cards (as you never know which airline you might end up on). Then of course there are a couple of credit cards to use for personal, business, and emergency situations.

All of this adds up for a very bulky wallet.

As I prepared to go on the trip I’m on at the moment, in Saigon for a month, I decided that slimming down was necessary.

Not only was it necessary, it was also liberating. I’ve now written down all of the pertinent info for frequent flyer miles in my date book. Now this leaves my passport, driver’s license, debit card, personal credit card, business credit card, insurance card, and United Gold Member (I just can’t give up that one!)

While writing all of these down it still seems like a lot, I can’t just go home for anything I’ve left.

Your personal situation may be different than mine, but I still believe that slimming down your wallet helps to simplify your life and your finances.

While you are at it, consider if there is anything that you have that could be canceled or is no longer in use. That helps even further.

Now that I’ve slimmed down my wallet I can highly recommend it. Even one or two cards less will make a difference!

Try it, you’ll like it!

Miel

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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