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What Is in Your Wallet?: Eliminate Credit Cards from Your Life
Is your wallet expanding? You don’t need most of what is in your wallet. In fact, cleaning it out can help you reduce your debt. Here is a list of things that you need in your wallet:
- Driver's License
- Health Insurance Card
That is all. You don’t need anymore than that. Many people’s wallets are riddled with tons and tons of credit cards from department stores and electronic stores. You don’t need these cards. Get rid of the credit cards in your wallet! Sure, the store offers you 10% off your first purchase, but the APR is far above standard cards and unless you pay the total balance off immediately you end up paying far more than the item than the 10% saved you. If you do decide to sign up and save on your initial purchase be sure to pay off the TOTAL amount as soon as you receive your first bill and to CUT UP THE CARD. Destroying the card will keep you from using it again. Get rid of the credit cards as soon as they come in the mail!
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