Dear Nicole:
I feel like I’m always hearing and reading that I should be “investing” in my wardrobe – but I’m barely investing in a retirement account for myself! I’m on a budget, but I don’t like shopping at Forever21 or, really, anywhere in the mall. It all seems so overpriced and I’ve seen quality decline at places I used to like shopping at. However, I need to have a decent wardrobe so I can look professional when I’m working and look elegantly casual when I’m not. But the word “investment” just scares me off because it sounds expensive. What do I do?!
Sincerely,
Intimidated Investor
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Dear Intimidated,
I don’t know about you, but the concepts of financial investing and fashion seem so far apart to me. I suspect you may feel the same.
Of course, we all want to look great and be able to buy the best clothing we can afford. But it’s easy to become a little disillusioned in today’s retail climate. Brands which used to have dependable quality now seem to wear out almost as quickly as fast-fashion brands like Forever21 and H&M.
Also, despite the persistent adage that we should all buy classic investment pieces, the media culture seems to be fixated on youthful, fly-by-night trends. So, what’s a girl to do?
What you need to know is that the concept of wardrobe investments is subjective. What may be an investment to you may be different for another person based on style and cost. I myself am also on a fairly strict budget for clothing. To me, $200 for a new blazer would be an investment given that it was good quality and a style I could wear for a few years. For others, $100 may be their investment threshold.
The point being, don’t let a book or a magazine tell you what you need to spend – let your own personal budget guide you. And, while we’re on the subject, don’t feel like you need to buy these “investments” new, either. When clothing is made exceedingly well, it lasts. If you’re interested in trying your hand at some luxury secondhand shopping, check out Socialite Auctions for some well-cared-for designer goods. On the other hand, if you’re ready to roll up your sleeves and do some serious secondhand wardrobe building, check out my tips for building a wardrobe on a budget.
Good luck!
