FEATURE Smart Shopping 101
An guide on making your expensive tastes work for you.
by ROCKY LI
 ARTWORK BY ZEVS
Have you ever lied to your friends about how much an article of clothing cost? Do you max out more than one credit card in a month? Does your diet consist of value meals and ramen? Do you have more in your paypal account than your bank account?
If
you answered yes to any of these questions, then you could probably use
a little help managing your money (and your wardrobe). I’m not
claiming to be a financial whiz like Suzy Orman (I doubt she’s even
heard of Lanvin), but through my shopping experiences over the years
I’ve definitely learned some valuable lessons. Here are a few essential
tips that may help keep your expensive tastes in check.
1) Find the holes in your wardrobe. Look
through magazines and lookbooks to find a style that you like. Compare
what you currently own with what you’ll need to pull off the look you
want. This will keep you focused on key pieces that you will actually
wear, instead of frivolously spending on things you don’t need. If
something seems out of your budget , consider how well it suits your
style first. If you truly feel you’ll get a lot of use out of it, pull
the trigger.
2) Avoid impulse purchases. I find that my
impulse buys tend to the ones I regret the most. Even cheap fast
fashion stores like H&M and Uniqlo can be trouble as you may tend
to buy more items due to the lower prices. Don’t forget that lower
prices usually mean lower quality construction/materials/ and fit.
Bottom line: don’t clutter up your wardrobe with items you wont look
forward to wearing and don’t really suit your personal style.
3) Shop online You
can easily scour online stores and ebay for great deals on designer
items. While you should always be wary of fakes, shopping online makes
it so much easier to compare selection and prices. Add yourself to
mailing lists of shops you like so you know when new product comes in
or goes on sale.
Sidenote: In particular Canadian and
European consumers should watch out for pesky customs and duties. The
feds are out to tax.
4) Flip and re-up If you’re
really pressed for money (or closet space), sell your clothes. Throw a
garage sale or put things up for sale online. If you’re not wearing it;
it’s just taking up space. You might as well get some cash in hand for it.
5) Don’t abuse credit. Self-explanatory,
but many people fail to do this. If you’re gonna use credit make sure
you got money in your bank account to pay off the FULL amount. If you
can’t afford it this month, wait until you have the funds because
interest will kill you over time. One of the hardest things to do is
stay disciplined. Put away a certain amount of each paycheque into a
high-interest savings account. This will keep you more honest.
6) Shop early and often. Keep
an eye out for items you like and make sure to snatch them up as soon
as they go on sale. Designer clothes are usually steeply discounted at
the end of each season; just make sure you scoop it up soon because
sizes tend to go quick.
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