Tuesday, July 6, 2010

fashion accounting 101...

as i was shopping with a girlfriend the other day...we got on the subject of a "good investment"...she was undecided on buying a dress that she absolutely loved...that was not on sale...so there i was...asking away the questions...to help her get to the answer of...was it a good buy for her to make?

when we got to her end result...she was more impressed with how we got there...then the actual answer...which then got me to thinking...there may be others that don't understand the easy fashion formula that should be used on purchases...

so...yes...i saw a blog post coming on...

i come across some clients who have a very limited budget when it comes to shopping...nothing wrong with that...i also have some that have no budget...that would not be me... =)

that being said...there are certain things i never skimp on...shoes...handbags...and the classic pieces that i know i won't be buying often...but need in the wardrobe...an example would be a black suit...or the perfect lbd (little black dress)...

so what don't i splurge on? very trendy pieces come to mind...something that i know i won't be wearing for years and years...

so based on all that information...here is the not so secret fashion formula...

take for example...you are eyeing a pair of shoes...good quality leather shoes...you can think of many occasions that you will wear them...and they are $250...at first glance...it seems the price is a bit steep...so...if you wear them two days a week for seven months out of the year...for three years...you are going to wear them 168 times...and let's say you get them resoled two times in that three year period for $50...the cost of the shoes is now $300

easy fashion formula: $300 divided by 168 wearings equals $1.79 per wearing...now that's a number that is doable...

keep in mind...the most expensive item in your closet is the one that hangs with the tags still on it...so whether you buy something on sale or full price...buy it knowing that you will be wearing it over and over...otherwise...it is best to pass it by...

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