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What Suze Orman Keeps in Her Wallet

Hint: You'll never find this ID with her.

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Suze Orman

How and what you keep in your wallet says a lot about you

Your wallet speaks volumes about your money habits, according to Suze Orman, a money expert, financial advisor, and host of the Suze Orman’s Women and Money podcast. “Your wallet, more than anything else, makes a statement about your money,” Orman says. In fact, if you have a disorganized, overstuffed wallet with multiple cards, there’s a good chance you’re not in the best financial space. Orman currently keeps all her bills facing the same way and groups cards together neatly in her gifted Louis Vuitton wallet. You can still stay organized and on a budget with this card and cash holder. Now, let the things Orman keeps in her’s inspire your own wallet reorganization.

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credit cardsOliver Hoffmann/shutterstock

Two credit cards

If Orman is traveling, she usually brings two credit cards: an AMEX and a Visa. The Visa is a backup for those times when AMEX isn’t accepted. And she rarely brings more than two cards with her in general. Her two other cards stay at home. Separating them is a safe strategy in case your wallet is lost or stolen. In that worst-case-scenario, you’ll only have to account for or freeze two cards, Orman says.

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Heap of Dollars; Money BackgroundEpicStockMedia/shutterstock

$170 in cash

Orman used to carry around $300 in her wallet, especially when traveling. For some, this might seem like a lot to bring, but Orman totes this money for one main reason—tips. “Nothing makes me happier than to drop a $100 tip on a $30 meal,” she says. If you’re traveling, keeping enough cash on hand for tips is important. You’ll want to bring this much with you on vacation.

Her wife, Kathy Travis or KT, however, didn’t like Orman carrying around so much cash. So Orman now keeps exactly $170 her wallet. This amount not only lets her still tip $100, but numbers one, seven, and zero add up to eight, a number that represents wealth and prosperity in Asia.

As for the average person or day, Orman actually recommends carrying mostly cash and not cards. (Hint: this is an especially good strategy for people with credit card debt.) Instead, count how much money you have before leaving the house for the day. At the end of the day, calculate how much you spent. Orman says this strategy will help you feel and see how much money you really spend. You should only be using cash for these purchases anyway.

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CareFirst Blue crossEvgenia Parajanian/shutterstock

Medicare card, insurance cards, and license

At all times, Orman has these cards in case of an accident or emergency. You don’t want to be without these, especially if something happens and you need to identify yourself. Orman keeps these cards together in a neat and organized fashion, with all of them facing the same way.

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Complete the emergency contact information section isolated on blueJohnKwan/Shutterstock

Information for emergencies

On a similar note, Orman keeps a card with emergency contact information in her wallet, too. It’s better to be safe than sorry, and it only takes seconds to fill out a card like this one. Yes, lots of this information is on your phone, but if that’s out of reach you’re out of luck!

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USA Passport With Global Entry CardArne Beruldsen/Shutterstock

Global Entry Card, Voter Registration Card, and a picture of her wife

Orman keeps more than just money and credit cards in her wallet. She also carries her voter registration card, for reasons she’s not even sure of, along with her Global Entry Card, for travel. The other item in her wallet that she always has is a picture of KT. These are all fine to have in your wallet, too, but these are the things you shouldn’t be in your purse.

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Tax return form and Social Security Number cardPopartic/Shutterstock

Here’s what you won’t find in her wallet

You definitely won’t find Orman carrying her passport, social security card, or a copy of anything else that could give someone a chance to hack her identity. This includes something Orman says many people are guilty of carrying—a password cheat sheet. These help organize or keep track of your passwords and information, but keeping this in something you might lose, i.e., your wallet, is a big no-no. Keep that sheet at home along with your blank checks and the key to your house, which also don’t belong in your wallet, according to Orman. It could be bad if these get into the wrong hands. That’s also why these are the things you should never keep in your wallet.