How Much Should I Spend on a Wallet? Needs, Style and Price, a Guide (2024)

It seems it’s not only women who are spending money on building their accessory wardrobe! According to research undertaken by Globenewswire. By 2022, men's accessories are looking to be worth a cool 80.1 billion dollars.

It seems male members of our population are spending more and more of their hard-earned dollars on making sure they are looking stylish and co-ordinated.

Under the banner of ‘accessories,’ there are many items, many of them also functional with which to consider parting with a portion of your monthly salary.

This could include items such as:

  • Wallets
  • Micro-pens
  • Cardholders

This might lead you to wonder how much you should feasibly spend on keeping up to date with the latest trends - and moreover, how much should you spend on one of the most important items in your wardrobe, your wallet? So let’s take a look at the short answer below before we delve a little deeper.

How Much Should You Spend On Your Wallet?

Wallets come in many designs, sizes and materials, and have many different functionalities, such as for holding cash, business cards or ID documents. You will always get what you pay for in terms of quality and craftsmanship, so make sure you buy one which fits with your budget and requirements.

Ok, so now we’ve seen that there are many factors which can help you decide on how much money to spend on picking the right wallet, or wallets for your needs. Let’s look into the functionality of your wallet as this is one one of the main things to consider when deciding his much to spend on your wallet.

What is it exactly you want your wallet to do? This way, you can look at your budget and weigh that up against what you want your wallet to do for you and the quality you’re looking for.

What Do I Want My Wallet To Do?

Before you can decide on the amount of money you need to spend on a wallet, you need to decide how you are going to use your wallet on a day to day basis.

Simple, Stylish Wallet To Hold Cards And Cash

It could be you simply want a basic classic, slim leather wallet for cash and cards that is made of beautiful lightweight leather but are looking at keeping a close eye on how much you are spending.

It seems like a dream come true. Right? Well, if you take a look at one of our best selling wallets below, this is the kind of wallet that ticks every box! This smart, durable and stylish slim coin wallet is currently a steal! And we guarantee it will be perfect for your needs if you are looking for fabulous quality, but don’t want to break the bank on how much you’re spending on your wallet.

How Much Should I Spend on a Wallet? Needs, Style and Price, a Guide (1)

This super slim wallet comes in 2 colors, black and on-trend chocolate brown, a perfect price to have one in each color! It has loads of space for up to 24 cards, an all-important zipped pocket for your spare coins, and as an added extra little luxury, it is made of beautifully light Nappa leather.

The perfect choice if you need to keep a watchful eye on your budget and aren’t looking to spend too much on your wallet, but are looking for a fabulous, functional and stylish accessory.

Now we’ve looked at how much you should spend when you simply need your wallet to hold your cash, cards and coins, let’s take a look at some other considerations.

Some wallets may have extra features that may be important to you, so you may be looking at spending a little more to make sure your requirements are fully met. For example, you may want the extra security which comes with an RFID wallet.

I Need Extra Security for My Wallet

One of the fastest-growing crimes in the USA is identity theft. According to the Federal Trade Commission, it’s estimated that a whopping Nine million Americans have had their identities stolen each year.

The sad news of these shocking statistics is that Credit card fraud was most prevalent in identity theft cases. More than 167,000 people reported fraudulent credit card accounts opened with their information.

So, how much do you have to spend on your wallet, to give you the peace of mind knowing you have done all you can to protect your credit cards?

If security is important to you, we recommend looking at spending between $55 and $75 on a wallet, to make sure you are doing all you can to protect yourself from this growing form of identity theft.

Our stylish RFID ID Wallet is just the thing!

AllettRFID wallets are lined with military-grade RFID blocking material. This lining is so slim, it’s completely undetectable and is guaranteed to block up to 3000mhz and provide outstanding security and quality. At $60 this is a perfect investment to make sure you are fully protected.

Now we’ve seen how much you should spend on a wallet where security is an important consideration, let’s take a look at another option for how you want your wallet to work for you when you are wondering about how much to spend.

‘Some wallets may have extra features which may be important to you, so

you may be looking at spending a little more’

I Just Want a Wallet to Hold My Cards

When you’re thinking about how much to spend on your wallet, it maybe you only need a simple function such as holding your cards. If this is your only need, then it’s probably not a good idea to spend a large amount on a wallet with multiple functions.

We recommend a spend of between $40 and $55 if you just need to make sure you have your cards handy and safely stashed away.

Many men simply need a beautifully crafted, simple leather card holder for a more minimalist look. You might simply be looking to spend enough money to buy a holder which is light, slim and fits perfectly in any pocket.

OurLeather Cardholderwith RFID protection may be just what you’re looking for!

Our fabulousLeather Card Holder is made out of gorgeous lightweight vegetable-tanned leather and is our smallest and most convenient wallet. It has a nifty little feature of a front-facing exposed slant pocket for the cards you use more frequently, and an interior pull out tab for your less used cards. Added with our RFID security technology it has everything you need to hold your cards safely and stylishly.

This beautifully crafted card holder is available in a glorious range of colors, so why not have more than one to coordinate with your changing moods and styles. It’s a super price too at just under $55 so perfect for when you need to make sure both budget, style and functionality is a consideration when deciding how much to spend on your wallet.

And Finally...

We hope this article has given you some ideas on how much to spend when you are looking at buying a wallet. Wallets are an important part of your everyday life, so it’s always recommended that you take many factors into account when deciding how much to spend.

Just make sure you understand exactly what purpose you want to use your wallet for, so you can ensure you get one which perfectly fits your needs. Make sure you visit our store to find our huge range of the most superbly crafted, hand-finished selection of stylish and on-trend wallets.

How Much Should I Spend on a Wallet? Needs, Style and Price, a Guide (2024)

FAQs

How Much Should I Spend on a Wallet? Needs, Style and Price, a Guide? ›

If you want a cheap canvas wallet, you can get away with spending less than $40. But if you want a high quality leather wallet that's going to last, you should invest $150 - $250 in it.

How much should you spend on a wallet? ›

I Just Want a Wallet to Hold My Cards

If this is your only need, then it's probably not a good idea to spend a large amount on a wallet with multiple functions. We recommend a spend of between $40 and $55 if you just need to make sure you have your cards handy and safely stashed away.

What wallet should I have? ›

Choose a Wallet That Has Just Enough Storage Space

Your wallet or money clip should contain enough storage space for whatever cards, cash, ID, and coins you want to carry around—with minimal wasted space or extra bulk.

Is it worth getting an expensive wallet? ›

A luxury wallet is only worth it if it's made from full-grain vegetable-tanned leather, is large enough to carry your daily essentials, and is made by skilled craftsmen (note: this is what all Von Baer wallets are made from - link).

Is 100 dollars too much for a wallet? ›

The recommendation to keep $100 in cash on hand is for people who are generally pretty disciplined about spending their money. If you can admit that you're not so good at that, then it pays to limit yourself to a smaller amount of cash in your wallet -- somewhere in the ballpark of $40 or $50.

How much is enough wallet? ›

“We would recommend between $100 to $300 of cash in your wallet, but also having a reserve of $1,000 or so in a safe at home,” Anderson says. Depending on your spending habits, a couple hundred dollars may be more than enough for your daily expenses or not enough.

How much is good spending money? ›

The 50/30/20 rule is an easy budgeting method that can help you to manage your money effectively, simply and sustainably. The basic rule of thumb is to divide your monthly after-tax income into three spending categories: 50% for needs, 30% for wants and 20% for savings or paying off debt.

What kind of wallet do rich men use? ›

What Wallets Do Billionaires Use? The wallets that billionaires use vary widely, but many prefer high-end luxury brands such as Louis Vuitton or Gucci. These brands are known for their quality and craftsmanship, and often feature unique designs and materials.

Which type of wallet is best? ›

  • Contacts Genuine Leather Slim Wallet | RFID Blocking Skinny Minimal Thin Front Pocket Wallet Sleeve Card Holder for Men | 7 Card Slots, 1 ID Window (Tan) ...
  • HORNBULL Stella Wallet for Men | Stylist Mens Wallet with RFID Blocking | Wallet Men Brown Genuine Leather | Wallets Men Leather | Gift for Men.

How much money is too much in a wallet? ›

This is because anything less than $100 isn't enough to get you through an emergency, but anything greater than $300 is way too much to lose in case your wallet gets stolen. Let's say you run out of gas and you're too far away from the nearest gas station. You'd need around $200 to hire a tow truck to take you there.

How can you tell if a wallet is high-quality? ›

A good quality wallet won't have any cardboard surprises hiding inside to make it feel temporarily sturdy for the glass display. Wallets with thin leather and cardboard or plastic inserts, is a sign of flimsy leather trying to appear tough. A good leather wallet should be able to hold its form naturally.

What is the most expensive brand of wallet? ›

The Victorine Wallet is the most expensive wallet ever. This black wallet was constructed by the most expensive clothing company in the world, Louis Vuitton, using their distinctive epi leather. It has a small footprint and features foldable card slots, money slots, and a zippered coin compartment.

How much should wallets cost? ›

If you want a cheap canvas wallet, you can get away with spending less than $40. But if you want a high quality leather wallet that's going to last, you should invest $150 - $250 in it.

Is it bad luck to get a wallet without money? ›

In many cultures, it's a big mistake to gift an empty wallet. Superstition has it that an empty wallet bodes poorly for the financial future of the giftee, so the done thing is to include money or something else of value in the wallet.

Is it good luck to put money in a wallet as a gift? ›

If you believe in superstitions, then yes. Many cultures all over the world (although particularly in Italy) agree that giving a wallet as a gift without money inside of it will bring bad luck, financial ruin, or poor health to the recipient.

How much money is usually in a wallet? ›

There's no exact number, but it should amount to an entire day's worth of expenses. For example, if you have to pay for parking, the amount should cover that, plus the rest of your day-to-day costs, like your gas, groceries, etc. As a rule of thumb, keep $100 to $300 in your front pocket wallet.

How much money do you put in a wallet as a gift? ›

Not sure how much money to include inside? Many cultures, such as certain communities in India or those who practice Judaism, believe that odd numbers are luckier than even numbers, meaning that slipping $101 into the wallet instead of $100 would be more favorable.

Is it worth it to buy a wallet? ›

The next benefit of purchasing a branded wallet is its durability. Branded wallets are made of high-quality and expensive materials that last a long time. A branded wallet is mainly made of genuine leather, a timeless piece. So, purchasing a branded wallet will help everyone if you want value for money.

What is the proper pocket for wallet? ›

No matter where you're going, carrying your wallet in your front pocket is the best way to help deter pickpockets and prevent back pain while still keeping your wallet close by and easily accessible.

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