From The Urbach Letter –
What’s in Your Wallet?
Without looking, do you know what's in there? The honest answer has to be, “I’m not 100% sure.”
That’s not good. Wallets go missing and get stolen. When that happens, you need to take immediate and decisive action (see last month’s article: Your Wallet is Gone). That means you need to know—exactly—what was lost and whom to contact. The best way to gather that info with a simple and quick “wallet audit.”
It’s easy to do. So easy and quick that you should commit to yourself that you'll create one today.
Here are the steps:
Now that you’ve completed your wallet audit, what do you do with it?
Next, get out your calendar and write a reminder to do this again near the end of the year. Better yet, put an automatically recurring reminder every 6 months in your Outlook or Google calendar. In a perfect world, you'd update your audit every time you get a new card, but we both know that's probably not going to happen. At least this way, with semi-yearly reminders, you'll never be too far away from current.
If you don’t have access to a copier or a scanner, take a photo with your smartphone or digital (not film) camera instead. However, if you do keep the photo on your phone, be sure to set a password or swipe pattern so your card numbers don’t fall into the wrong hands if it’s lost. (This is good advice in general.)
Of course, if your wallet never goes missing, this exercise will have been for nothing. But if it’s ever lost or stolen, you will be very, very happy you took the 10 minutes to follow this simple advice.
(c) Copyright 2002-2012 Victor Urbach
This article may be reprinted with permission and attribution