If you're carrying around a tattered, old wallet filled with crumpled receipts, credit cards, rewards cards, spare keys, and whatever else you can fit in it, you shouldn't be surprised if you're having some trouble getting a handle on your finances.
"The way you treat the wallet, and the money in your wallet, sends a direct message about what you're saying about yourself," says New York-based financial advisor Stacy Francis, founder of Savvy Ladies, a non-profit financial education organization. "If you pay more attention to your money and the way it's organized, you'll be more organized, more responsible and more on top of your finances."
A messy wallet doesn't necessarily mean you're not dealing well with money issues, says financial advisor Carolyn McClanahan, founder of Life Planning Partners in Jacksonville, Florida. But there is a correlation. "In general, people who are more organized do a better job of tracking expenses and keeping records neat for tax purposes," she adds. "This in turn can save a lot of money."
Here are 5 ways to get your wallet—and finances—into shape.