Author: Dr Penny Pincher / Source: Wise Bread
I recently noticed that most days, I never take my wallet out of my pocket at work. I always bring my lunch, and since I don’t need to pay for anything else during the day, my wallet is basically dead weight. I decided to stop carrying it around altogether.
This walletless arrangement was convenient while I was at work, but I needed to remember it when I stopped to buy groceries or gas on the way home. After ending up in the checkout line without a way to pay a few times, I decided to set up mobile payment on my smartphone to avoid needing to run out to my car every time I forgot my wallet.
After my success leaving my wallet behind, I’ve come to realize that if you have a smartphone loaded with the right apps, you no longer need to carry around most of the things that are in your wallet. (See also: 5 Things to Never Keep in Your Wallet)
1. Credit cards
Mobile wallets allow you to use your smartphone instead of a credit card or cash to pay at a growing number of stores and restaurants. These apps are linked to one or more of your credit card accounts and transmit a payment code via near-field communication (NFC) technology to the retail terminal. Security measures are similar to using a chip card that produces a unique payment code for each transaction.
Here are some mobile wallet apps to check out:
2. Checks
Writing a check is one way to transfer money to someone else, but there are apps out there today that allow you to send money from your bank account to anyone simply by using their email address or username. Using a money transfer app means you don’t need to carry checks in your wallet anymore.
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