9.13.2010

When To Splurge

I had an interesting conversation regarding finances with the hubby Friday night. I was wearing the 7 for All Mankind jeans seen in the picture above, and out of nowhere he asked me how much I paid for them. It took me a minute, but after thinking about it I realized the number I was searching for was $120. After he stopped choking on his beer, I explained that this was the amount I paid for the jeans almost 7 years ago. While these jeans undoubtedly remain one of the higher priced items in my closet, I stand by the idea that buying them was a financially sound decision. You see, I've worn these jeans more times than I can count over the course of the last 7 years. So, while $120 sounds like a large amount (and is for a single item in my wardrobe), if we calculate that figure on a per wear basis, it really isn't that bad. If I had to guess, I'd bet I average close to 1 wear per week of these jeans... so, let's do the math: 
  • Wears per week  = 1   
  • Wears per year = 1 * 52 weeks = 52 
  • Wears during 7 years of owning the jeans = 52 * 7 = 364
  • Cost of jeans per wear = $120/364 = $0.33 
By my calculations, this leaves more than enough money to spend on other things like shoes and jewelry! So, my conclusion with my husband is that splurging every now and then is not so bad if the item will receive adequate wear.  And, that gives me something to smile about.  
Happy Monday!

5 comments:

Grace, Money Smart Fashion said...

haha lawyerd! I always use the cost per wear arguement with SSBF when I have to justify my purchase. haha

briannelee said...

All of my pricey jeans have lasted years and years. I def think they are worth the investment.

Hope you had a fun weekend!

Allie said...

I fully believe in spending when you know it's quality and it's classic. Totally ends up being worth it in the end. Gosh I don't want to think how many Old Navy and sale pairs of jeans I have donated over the years, when my priciest pairs stay the longest in my rotation!

Clare said...

Holy moly! It ends up being such a great deal! I totally feel justified spending that kind of money on jeans, shoes, and jackets. They ALWAYS pay off.

Polina said...

I love this post! It's so true! From now on when I buy something expensive I will consider this too!

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