Following up on the last newsletter article about cataloguing your home inventory, there is another step that you can take to reduce the significance of a lost wallet. Although you may lose your punch card to the local sandwich shop, you will have already given yourself a big head start on the road to recovering what you hold in your wallet.
I highly recommend taking the time to go through your wallet and scan (double-sided) everything in there that you consider to be valuable. This gives you a record of all the contact information you need to replace the contents as well as makes things much simpler when you are fighting against potential identity theft. Update the scan once a year – make it a habit to do during Financial Planning Week!