I’ve been using this “equation” for quite some time now. I don’t remember when it started, but I know how it did.
A friend of mine was without her luggage for over a week on a trip to Europe. (The airline did eventually locate her suitcase.) And I remember her complaining about how she had to buy items just to wear in the meantime. (Think about how annoying this would be, especially when you knew your clothes would eventually turn up.)
What would you do if this happened to you? How much would you spend per item?
The math is a little fuzzy, but somehow I created my “buying equation” to revolve around $10. (I probably would up that number now.) Anyway, the premise was, if for example, I was stranded on an island minus my luggage, I would probably only buy items that cost around $10 to get me by. I.E. flip flops, cover ups etc. I figured that if I only wore it once, $10 is a fine day rate. Is this sounding crazy yet?
So, I almost always use this mentality when buying apparel and accessories. Hear me out: If there are a pair of boots that I like and they cost $300, I think to myself: will I wear these at least 30 times? If the answer is no, for example if they are uber trendy, then I pass. Or if there is a pair of jeans (that fit really well of course!) and are $100, I will surely wear them more than 10 times- money’s worth! Conversely, if a top costs $100 and I wear it once- it’s a waste in my mind. Make sense? I mean, if you have unlimited cash than you really don’t need to use my shopping equation. But actually, yes you do… You never know if you’ll find yourself in a Brittany Spears situation: so much money and then somehow your dad needs to step and put you on an allowance (because you are running out).
Anyway, check out your closet. Are you getting your money’s worth?