You can infer a lot about a person from her wallet. Pictures of 28 kids? G-ma. Big wad of ones? Stripper. A dozen Red Lobster receipts? Someone we want to be friends with.
But, if you’re like us, there’s a big difference between what’s in your wallet and what should be in it, according to Alexa von Tobel, founder of women’s go-to finance site LearnVest.
In today’s video, von Tobel goes through editor Lauren Lumsden’s wallet and explains what she is doing right ($45 in cash) and wrong (a million gift cards). We especially love her tip on the one thing that significantly increases the chances of your wallet being returned if you lose it.
Von Tobel also advises us on her preferred way to divide finances after you get married and what to do with an extra $100 (two of LearnVest’s most frequently asked questions).
To us, that’s worth a lot of (Cheddar Bay biscuit) dough.