Alright ladies, we can all admit we love shopping but we don’t love paying. How many times have you looked at a purse and thought to yourself “I need that in my life”. Probably too many to count. The fact is, we girls like to buy a lot of sh*t. There is always a constant struggle between what we need, what we want, and what we can afford. So we’ve come up with a formula on how to decide if you should buy what you want.
If you can afford it without having to sell your soul or starve for the rest of the month, go for it. There is nothing wrong with spoiling yourself if you’ve worked hard for it. But you should keep in mind that the things you want and the things you need are two completely things and you should always prioritize your needs over your wants.
Usually when deciding to splurge on an item of choice, you think about it for a while (or at least you should). Do you really need that Chanel bag? Are those designer shoes really necessary? After you’ve thought about it, apply this formula:
As a rule of thumb, the cost per day should equal to at most, a dollar a day. That means, for a $1000 dollar item, you should get at least a thousand uses out of it. Or roughly, last you about 5 years. Of course, the lower it is, the better the investment you just made. If you can apply this formula to everything you buy, you will be more conscious of what you buy and figure out that the $300 “trendy” jacket you want to buy but would probably only get one day of usage out of it, would not be worth it.
Let’s put this formula to use with some examples:
This bag will need to last you a really long time before it’s worth it. You probably won’t be carrying this bag every day so alter the 365 to the amount of days you really plan on carrying it to get a more accurate usage.
This stuff will last you for a while. The HD powder is amazing and definitely worth it. Look at that usage!
Unless you live in a colder climate, a.k.a Canada or the Arctic, the amount of winter days is probably less than a quarter of the year. Adjust accordingly.
Watches are both fashionable and practical. We love when items have multiple purposes. Watches also last a really long time and depending on the style you buy, they could be timeless pieces. Simply replace the batteries and you’re good to go.
Ahh, those red bottom heels. Not worth it. Don’t do it. Just don’t. You could buy so many more shoes with $675.
So there you have it. Who said math wasn’t useful? Your shopping problems have been solved! Or at least partially. Hopefully you put this formula to use the next time you want to splurge on something to see if it’s worth it.
How do you justify your purchases?
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