People use wallets and money clips for primarily one reason- to hold money. However, the wallet allows you to host other items besides money, including ID’s business cards, and credit cards. Even though a money clip’s purpose is to hold money securely, some people also use them to hold the same items that a wallet can hold because of their strong pinch force or spring mechanism.
Comparisons between money clip and wallet
Both the wallet and money clip are common accessories that people use today. Some go with the traditional wallet that holds much more than cash, but they are bulky. On the other hand, a money clip is light and slips easily into the trouser or pant side pocket, which is one of the reasons some people are switching to using it today instead of the traditional wallets. The following are the other differences between the two.