A device which is used for storing cash, credit cards is known as money clips in a very compact fashion for those people who do not wish to carry cash in their wallet as it is a solid piece of metal which is folded into half such that the bills and credit cards are securely wedged in two pieces of metal as these are made using stainless steel, silver, gold, platinum or titanium etc. These money clips are sold as luxury items and the chief disadvantage of these money clips it cannot typically hold large amount of cash as because of its inflexibility of the metal. The types of money clips are carbon fiber money clips which make use of advanced molding techniques as because these are known for its high strength and durability of carbon fiber which makes it ideal because of its qualities.Another type of money clip is known as magnetic money clip which are generally made using strong flat rectangular or round magnets which are encased in leather as this leather separates two pieces. These clips are made using three magnets and two pieces of leather. In simple language these money clips are manufactured for holding money replacement of a wallet as these money clips are considered to be more convenient than wallets. These money clips are preferred by people from high class over the use of wallets and are composed of following material like gold, silver, titanium, magnet, leather and aluminum as these are made with precious stones. These money clips can also be resized which are bigger than their usual money clips.
Money clip is considered to be an essential accessory for men and also comes in handy that are used by anyone when wearing formal dresses, at weddings or at occasion. Many professionals opt to use these money clips; even most of the jewelers offer engraved versions as well as countless other designs.
