Having cash on hand in a wallet today can make you feel dated. Even so, it's never a bad idea to save up some cash in case you ever end up in a bind.
Here's what you need to know if you're wondering, "How much cash should I have in my wallet?"
There is no magic number that works for everyone when it comes to the amount of cash a person should keep in their wallet.
Rather, you should look at the bigger picture to arrive at a number that works for you. Having enough money for one day's worth of expenses is sufficient for most situations.
For instance, this may entail enough money to put gas in your car, cover tolls or parking fees, and buy a couple of meals.
This equates to $100 to $200 for the majority of people, though some may be able to do with less or require more.
If you are attending an event, such as a fair or swap meet, you may wish to bring your entire budget in cash.
While the majority of retailers that travel with events accept credit cards, the likelihood of encountering a few that do not is high.
If you're carrying a larger sum, don't keep it all in your wallet. Consider splitting it up and putting some in your wallet and the rest in a hidden money belt.
You won't lose everything if you drop your wallet. Furthermore, many money belts are designed to keep you safe from pickpockets.