How Much cash to carry in your wallet?

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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.

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Here's what you need to know if you're wondering, "How much cash should I have in my wallet?"

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There is no magic number that works for everyone when it comes to the amount of cash a person should keep in their wallet.

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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.

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For instance, this may entail enough money to put gas in your car, cover tolls or parking fees, and buy a couple of meals.

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This equates to $100 to $200 for the majority of people, though some may be able to do with less or require more.

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If you are attending an event, such as a fair or swap meet, you may wish to bring your entire budget in cash.

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While the majority of retailers that travel with events accept credit cards, the likelihood of encountering a few that do not is high.

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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.

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You won't lose everything if you drop your wallet. Furthermore, many money belts are designed to keep you safe from pickpockets.

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