We all know that losing a wallet or purse can happen and it is devastating when such incidents occur especially if we don’t know what we had in our wallets.

When we begin to think about the risk of lost or stolen wallets or purses, we have to agree that women are at much higher risk than men because women carry more items with them than men due to the inherent size of their wallets and purses. Carrying more personal items around is perfectly fine if we know what exactly we are carrying with us at all times. But if we don’t, then when the inevitable occurs, we are more affected emotionally and physically as we scramble to figure out what to do next. We often go through our wallets and purses to clean up and get organized and it is a matter of a few days before our wallets become a mess again but this topic requires a separate article on another day. When we realize that we are no longer in possession of our wallets, we have to quickly analyze whether the wallet is lost or stolen because it makes a very big difference as you will soon find out. If we conclude that our wallet is lost because we feel that we left it somewhere, then we have some time to go back and look for it at the places that we visited. Although we cannot afford to look for a lost wallet forever, we have more time to deal with the incident than if we concluded that our wallet was stolen because the misuses of our personal items in the wallet begins immediately when the wallet is stolen. That being said, when assume that our wallet is left somewhere like at the coffee shop or the bank, we should quickly revisit the place and decide to cut our losses immediately if we don’t find them there instead of searching for them for days.

I have personally lost my wallet a couple of times in my lifetime and although it was not a big problem in the years past as it is today due to introduction of the Internet and increased number of personal items that we all carry with us, the experience was devastating nevertheless. You can read about my lost wallet story in this article.

Until next time, be identity safe,
Henry Bagdasarian
Identity Management Institute
Identity Diet

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