Why spring cleaning your wallet can save money
A disorganized wallet makes it hard to find the things you need, so it’s a good idea to periodically get rid of crumpled business cards and faded receipts. With those things out of the way, you can look at the rest of your wallet’s contents with a more critical eye.
This spring, while you’re dusting off high shelves and ceiling fans, take a moment to freshen up the items in your wallet, too. It’s a relatively quick task that can save you money. Those old credit cards you no longer use may be charging you annual fees. Perhaps you still pay for a membership to a wholesale club, but haven’t shopped there in a long time. (Plus, if you still have some unused gift cards left over from the holidays, you’re sitting on a gold mine.)
Don’t let that overstuffed wallet intimidate you. Here’s how to pare it down.
Clean up your credit
Credit cards are actually pretty germy, so it doesn’t hurt to literally clean them. After you do that, consider if each card still deserves a coveted spot in your wallet.
Evaluate whether a card is still a good fit
Your needs change over time, and your credit cards should keep up. There are lots of reasons you might want to make a switch: