Out of all the questions I hear from people, there’s one that keeps coming back:
How do you decide what to splurge on + what to save on?
At first, my answer was going to be that my decisions came from a gut level feeling. But that doesn’t really help at all, does it? So I tried to press down to the bottom of that gut feeling.
In the meantime, I was curious what other people had to say about the topic. I turned to the internet. I googled the question and — I have to laugh here because — I got two completely opposing answers, sometimes within the same article:
“Splurge on basics that you can wear forever, like a classic black pea coat.”
And, “Splurge on wild pieces, like a crazy pair of night-out heels.”
I found lists upon lists heralding the 10 Investment Pieces Every Woman Should Own By 30.
And they were all vastly different.
Well internet, thanks for the clarity.
It turns out splurging + saving is a tricky question that gets people riled up. Probably because it has to do with how we spend our money, which we’d all agree is a highly personal and emotional topic.
Back to trying to figure out my gut feeling. I kept sitting with it. Something had to trigger it.
Enter this bag + this pair of pants. I realized:
I typically splurge if I’ve had success with a “save” version of that piece.
Why? Because it takes the risk out of the equation.
For example. We all know how nuts I went over my joggers this summer. They were a “save” version — less than $40, so they eventually fell apart after so many washings — but I wore them all the time until that fateful day. Based on how much I wore them, I could safely bet that these high quality joggers from Aritzia ($145) would be a good investment.
Meanwhile, there’s been a whole lot of buzz about the Madewell Transport Tote ($170). It is a beautiful bag, but I’ve never been one to carry a big tote bag. I like tiny purses that don’t get in the way. But still … I loved how it added so much color + warmth to an outfit. So I decided to try out the look with the Nordstrom Reversible Tote ($50). So far, I’m loving it enough that it looks like it may be worth upgrading someday.
Pretty simple, right? Forget about those “Every Woman Should Own” lists. We’re not all the same woman. Instead, turn inward — ask yourself if you’ve had success with a similar item before. Yes? Then splurge. No? Then save.
Stacking Rings: Moulton