What Makes the Perfect Wallet? For You?
What makes a perfect wallet. I’ve created this simple framework to help explain what makes the perfect wallet. It’s by no means set in stone and will vary based on individual presences for people’s like and dislikes. But it does provide a firm foundation for what makes a good wallet. I’ll apologise in advance if things get quite technical or simply boring.
The Wallet Framework. A Definitive Guide to the Perfect Wallet.
So the wallet framework looks like this. It uses a Venn diagram’s to express the various relationships between 3 critical variables. These 3 variables define the individual components that make up a good wallet. The Venn diagram then shows the different relationships between the extremes of only having 1 of these 3 components. Or having all three. If you’re confused check out the Venn diagram below and things should become a lot clearer.
So now you’ve seen what the diagram looks like, let’s go into some further detail regarding each of these 3 wallet characteristics and why I choose them.
I use this word a lot in my reviews. Functionality defines what your wallet is capable of in its capacity to store cards, cash, coins along with a plethora of other ways in which manufacturers grab our attention these days with innovative storage techniques. When I talk about functionality I’m talking about the core ways in which external items can and should be stored in the wallet. For example the Disc Wallet has great card storage, innovative and creative coin storage and a variety of slots for notes and additional nit nacs. In contrast the Sapling Wallet is very attractive with its metal design and customisation options, but it offers nothing more than simple card storage.
Size is a big deal (that’s what she said). If it wasn’t important the minimalist wallet would have never been born. People are sick of having a big clunky wallet and favour smaller more slim line wallets as a result. This is what I dull the minimalist revolution! A period, around the late 2000s, where people started to ditch the clumpy bi-folds and move onto the slim wallets we find in such healthy supply today. This revolution was kicked into full force mainly due to crowdfunding. Its hard to say why but wallets are huge business and every month you’ll find at least 5-10 wallets currently being successfully crowdfunded. I myself always write a review of the current offering on Kickstarter (heres my April 2017 post).
Another deal breaker for a lot of people. Yet again peoples opinions of a wallet can be completely consumed by this one factor alone. The material it’s made from. Take the famous Fusion Wallet for example, or the Wogenfels. This wallet, for example, is very large and bulky and has less than satisfactory functionality. Yet it’s made from the most beautiful handcrafted wood. This wallet would lie in the large area of the Material circle.
Cost & Individual preferences
Here is the real deal breaker. The reason the whole model is surrounded by a grey box is because of these next two points. First is a wallets cost. For many, it doesn’t matter how good a wallet is, if its cost is too expensive they won’t give it the time of day. This plays a huge factor so it throws the whole model into disarray. The same can be said for arguably the most information point of all. Individual Preferences. Each and every person expects and wants something different from a wallet. Some favour size. Others favour functionally. The point is I could rate every wallet using this model but it would be entirely subjective to my own personal preferences. So, for example, in my opinion, the perfect wallet is one which is an excellent balance between all three of these variables. A wallet with a good size, features to fit and made with a good quality material.
Let’s add some numbers to the mix!
So a wallet is put into either Tier 1, Tier 2, and Tier 3. A tier 1 wallet is only good at one of the 3 characteristics. Tier 2 is a balance between and good at 2 of them and a Tier 3 (you guessed it) is good at all 3. It is entirely possible for a wallet to fail on all accounts (although rare). These wallets get thrown in the bin! (or are the dreaded Tier 0).