Instructables
Picture of Cheap, Minimalist, Elastic, Money Clip
An elastic sleeve that uses cards to add support

You will need;

Sewing machine and thread

3 in Elastic webbing (1 yard ($2) will make several)

Cards and cash

Cutting tool
 
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Step 3: Flip inside out

Picture of Flip inside out

Step 4: Done!

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Congratulations! If you want you can make a pattern so you can crank these out!