I’m wondering if I’m over thinking (and thus overspending) on ‘safety’ gadgets to deter pickpockets?

On my buying list so far is: a money belt, a wallet that attaches to your inside pocket, and an ankle band with zipper pockets. Am I about to waste $50+ on paranoia or is a worthwhile investment for Madrid?

Fwiw-I was going to buy all three because my passport/credit cards only fit in the ankle band, the money belt is for serious emergency/back-up cash and the wallet is for daily shopping/spending stuff.

My gut is saying better safe than sorry in a foreign county, but all advice is welcome.