Personally I think a wallet is something that it is worth spending a bit on. It's something that you will have for years and you'll use it all the time in contrast to an expensive pair of shoes or an item of clothing. Having said that though, I'm running a two wallet cutter at the moment. For coat days I have a reindeer leather job from the great english outdoors company. I love the story behind the leather more than anything.
That thing is a beast.
Don't you find it annoying to change things between the two (I imagine you must have a lot of stuff if you are carrying such a large one around)? I know I would, and be very pissed when something I needed wasn't in my wallet.