I can’t remember where I first heard the saying “divide the price by how many times you will wear it”, but it has been my motto to live by when considering purchasing a new item that may seem a little pricey. If you are like me, you do not like to spend money (except on food!), and would rather purchase something less expensive than splurge on an item currently in your cart. I have always had the mindset of “look but don’t buy” when it came to items above $25, and I have had countless regrets for not buying items that are no longer available. I’ve learned through experience that we need to move away from only purchasing inexpensive items if we want them to last. Believe me, I love a good $5.00 t-shirt sale at Target, but the t-shirt usually deforms in the wash after only one wear, which means it wasn’t that great of a purchase.
So one day, I came across the saying “divide the price by how many times you will wear it” and it finally clicked! I shouldn’t feel guilty if an item is $25 or more if I am going to be able to wear it more than once. I need to think of the item as an investment. For example if an item is $30, and you can wear it 30 times, then the item only cost $1 per wear. And $1 per wear is a steal! If you can wear it more than 30 times, you basically get it for free (not really, but that thinking makes me feel better)! It will become a staple in your wardrobe making it worth the splurge. Of course, you want to make sure you have the money to splurge on those more expensive items, and if you have the funds but still feel guilty, try to imagine how many times you will wear that item and divide it from the price. What does it come out to? If you are comfortable with the price per wear, then splurge! When I consider an item now and it comes out to $10 or less per wear, I will definitely purchase it. But a few years ago, I would shy away from such a “splurge”.
When I first graduated college, I was living with my cousin, trying to figure out how to balance basic living needs, with frivolous wants (I’m sure all recent grads know this feeling). I didn’t have much of an income and really could only spend money on gas and groceries. But after working for a few months, I realized not only did I need to update my wardrobe, but I needed to update my accessories as well. I decided that I would purchase a necklace that I could wear everyday to work. I wanted something simple, yet timeless, that I could wear to the office as well as out with friends.
After searching the internet I found this Kate Spade Initial Pendant Necklace and fell in love. It was simple, timeless and perfect. It comes in gold and silver, so I decided to get the letter “J” in gold. As I went to add it to my cart, I saw the price was $58.00! Remembering my reaction to this still makes me laugh, because at the time $58.00 was an insane amount to spend on one necklace. And really, it still is, but considering how often I have worn the necklace (almost everyday for the past 3 years), I can look back and divide $58/1,095 days, and to date the necklace has only cost me $0.053 per wear! So was the necklace worth it? Absolutely! I wear it almost everyday, pairing it with everything from a sundress to athletic wear. It helps dress up a casual outfit or bring a subtle accessory to an intricate dress. It has gone with me on every vacation, paired well with my everyday pearls and layers perfectly with other necklaces. After all that I have put it through, hanging it next to other necklaces, traveling with me everywhere I go, and playing with it whenever I wear it, it has held up extremely well! With a little chain discoloration and one nick from a drop it took on vacation (both of which I hardly notice) it is still my go-to after all these years.
Since this necklace has been my most cost efficient splurge to date, I am looking to purchase the “G” initial once I get married. Then I can tell myself I’m adding a little variety to my wardrobe switching between that and my current “J”. If you feel adventurous you can purchase two or three initials and place them on the same chain to create a monogram. This would be the perfect anniversary or bridal shower gift. They also make the best gifts for any occasion since their simple design can be gifted to someone who wears jewelry often or almost not at all. I especially love the saying on the back “one in a million”, it is definitely a sweet sentiment for any women in your life!
Again, if you are looking to make a purchase and are worried the price makes the purchase seem frivolous, just divide it by the number of times you think you will wear it and hopefully it will give you enough peace of mind to add it to your cart! If it still seems high, maybe dedicate a separate fund to save for your purchase or try to find an option that is less expensive. That way you will either feel accomplished because your detective skills paid off, or you can now purchase your item without feeling guilty because you saved for this exact item!
Before you splurge, make sure to divide it by the number of wears, or uses you will get out of it. Remember to always do your research into a “splurge” item. Read the customer reviews if you are purchasing it online and you may just stumble across a customer who found a similar option at a more affordable price.
What is one item that you splurged on? Was it worth it? And let me know your favorite everyday necklace. It never hurts to have more than one!
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