Another Spendy Weekend August 22, 2010

As I’ve mentioned before, I tend to store up all my shopping until I find the right time to shop.  Either there’s something that I really need, or there’s a good deal, or I finally have a good slot of time to get my errands done.  I try not to get tempted by all the sales and other things I didn’t plan on buying, but I will also look at circulars to see what sales are going on (which does sometimes clue me in to something I might buy that I wouldn’t have thought of buying).

At any rate, I guess this post might be a bit like a “haul” video (without the video…).  I think I also may be writing this partially to justify all my purchases.  I guess I’ve seen lots of personal finance bloggers review their purchases, so I’m ready to do the same.  Hold on, this is going to be a long one!

Last weekend was “Tax Free Weekend“.  Massachusetts sales tax is only 6.25% (7% in some towns), so removing that extra cost isn’t a lot of money.  But I figured there were things I was going to buy regardless, and I might as well get them for a little bit cheaper.

First stop was T.J.Maxx.  I haven’t been there in years.   I don’t shop very often, and when I do, I want it to be a bit more straightforward, i.e. not having to sort through LOTS of racks to find the deals…I know, what a horrible personal finance person I am.  Anyway, after finally taking a yoga class at my gym (they offer a bunch of different athletic classes, free with membership…and I’ve been a member for over a year!) I realized it was in my best interest to buy my own yoga mat.  There’s just something a little gross about sweating (and maybe putting your face down on) a mat that other people have stepped on and sweated on.  So, even if I don’t go to the yoga classes very often, it’ll be worth it to have my own.  I went to T.J.Maxx for my mat because I remembered seeing that sort of athletic equipment on sale there.  And I was right!  So, I bought myself a  yoga mat (complete with carrying strap!) for $12.99.  I was tempted by all the cool kitchen gadgets, dishes, and decorative pieces in their HomeGoods section, but I resisted!  I also started looking at actual clothes (I need more slacks) but I resisted because I didn’t have a lot of time, and didn’t especially want to try anything on.  So my only other purchase at T.J.Maxx was a package of sports socks (same style as I already had, for easy matching post-laundry).  Socks:  $9.99.

Next stop was Target.  There were some general things that I was looking for, and I also planned to spend a little time “shopping”.  I was hoping I’d be able to talk myself out of a lot of things.  Let’s see how that worked out.

I have a lot of gray hairs.  Seriously!  It’s a little worrisome.  So, I’ve colored my hair exactly once, and it worked out okay.  So I headed to the hair dye section to buy some more (seeing as professional colorings tend to be really expensive).  They had the dye I’d used before, and it was on sale!  But that dye was considered “non-permanent”, and I figured I’d want the color to last longer, so I looked at the “permanent” dye.  The bad decider that I am, I ended up buying both.  Decision Fail.  And I negotiated in my head that it was okay since both boxes were on sale.  Total hair-coloring expenses:  $13.12.

Picked up a 4-pack of toothbrushes (I’m set for a while, now!) on sale (they were the cheapest per unit) at a total of $3.69.

Next stop, clothing.  The clothes were very tempting because there was a pretty intense sale (back to school shopping + tax-free holiday = give us your money).  So I tried to look for items that I actually would need, and that wouldn’t just be another t-shirt (which they had plenty of).

I tried on a few cardigans, since I’m always looking for something cute to put on when the A/C gets too strong at work.  I have sweatshirts, but I’d rather wear something more professional looking.  Enter the perfect sweater for late summer/early fall.  It’s not very thick (it’s actually pretty thin) but it’s comfortable and looks cute.  I’ll admit it’s not really a high quality long-term item, but I’ll wear it as long as it looks good!  Plus the way it buttons is very good at camouflaging the post-lunch tummy   Sweater:  $17.99

Speaking of hiding my tummy: On a whim at the library, I saw a book called “How to Never Look Fat Again:  Over 1,000 Ways to Dress Thinner–Without Dieting!“.  A lot of the book discussed how certain fabrics, styles, and pieces of clothing can greatly impact how thin you look.  It got me a little extra self-conscious, though.   And so I ended up buying some shapewear, an oft-recommended must-have (according to the book).  I got a “tummy flattening camisole” (not found on Target.com, but you can see it here, I got it in “latte”).  I am not sure how often I’ll wear it, but if it works, I might buy another one in white.  For now, I’ll try it with a few outfits, in addition to working towards a healthier body (remember that yoga mat!).  Another vanity-related purchase:  $16.99

Don’t worry, the rest of my expenses on underwear were a lot lower.  I bought a few multipacks of underwear for $5 or so each.  Yep.  I’m not keen on spending $5+ per pair.  Sorry Victoria’s Secret, I’m just not that into you. The multipacks were on sale AND had “free bonus pairs” (7 for the price of 6, 8 for the price of 6).  15 pairs of underwear:  $10.54

I was in the final stretch now!  I had to get back home to meet with a potential new roommate, so the clock was ticking.  When I’m not being tempted by the clothing department, I’m being tempted by the housewares department (just like at TJMaxx).  But I held my ground.  I knew we needed new tumblers/cups/glasses for the kitchen.  Most of our tall cups have broken/chipped/cracked.  So, bought 8 new glasses for a total of $4.78.

And for my last purchase:  My boyfriend wanted a CrockPot.  And his birthday was coming up.  So, even though it was a really practical, non-romantic gift, I bought him what he wanted.  And we’ve already used it twice!  And we may even use it tomorrow!  Five quarts of delicious goodness! Wont reveal the total cost since it was a gift and my boyfriend reads my blog, but let’s just say it was cheaper than the price in the link.

So, I spent over $100 in those two stores.  I probably could have spent a lot more if I wasn’t careful, though I think I made purchases that I was mostly able to justify.  Isn’t that the way this was supposed to go?

Did you take advantage of a tax-holiday in your state?

Shopping will be my undoing July 6, 2010

To be honest, I never really considered myself a “shopaholic” (what, am I addicted to shopahol?)  I hate going clothes shopping by myself.  I require others to tell me that a dress or top looks good, otherwise I wont buy them.  I can buy jeans and dress pants on my own, but still hate doing it.  And don’t get me started on bathing suit and bra shopping.  Not fun!

So, I don’t tend to go shopping too often.  I’ll only go to the store if I’ve got a “need” for something (new dress, new pair of dress pants, etc.), and usually try to take advantage of extra sales or coupons available.  I’ve gone shopping with my younger sister (and my younger sister + mom), and also often times go out with my good friend Melissa, who has a keen eye for fashion and what works on someone.  So she and I have gone to the outlets on sale weekends to update my wardrobe.  But on those weekends I end up spending $300 or more.

So, I don’t go shopping a lot, but when I do, I tend to go nuts.  Especially if I’m using my credit card.  I’d probably spend a lot less if I bought clothes with cash because a) it’s more painful to actually see your money go away, b) I wouldn’t want to bring too much cash with me when I’m out and about, and c) I like it better if I’m getting rewards (either from store cards or my rewards credit card).

My other shopping weakness is gifts.  While I know that cost of a gift is not representative of your love for or friendship with the receiver, I feel the need to buy the right gifts.  I’ve recently been a slacker when it comes to Birthday gifts (and some wedding gifts) and end up sending them late, but even then, I buy a lot.  Probably I spend even more because I feel a little guilty for sending gifts late.  I am a lot more likely to spend money on gifts for other people than on things I want for myself.  I rationalize spending on others readily.

The good news is that I tend not to get gifts for people unless there’s an associated event.  So, some months I spend a lot less (no birthdays/holidays).  Though I have bought things “just because”…so I should watch out for that.

Overall, I don’t spend a lot of money.  But excluding my necessary expenses (i.e. rent, utilities, loan payments, gas), my gift expenses tend to add up.

Do you have a shopping problem?  Do you store up your shopping until you can do it all at once, or do you buy the occasional item when necessary?  Any tips on reducing spending?

Cute things can be dangerous to my wallet March 7, 2009

Let me just first say, that cute things are only dangerous to my wallet if I don’t practice some restraint.

I decided to take advantage of the gorgeous weather and walk over to Davis Square to get my haircut (the haircut was LONG overdue!).  Went to Salon Femia (again, this time with Daniella, Ornella’s sister), and got quite a short cut.  I was nervous at first, but I think I like it after all.  She had a few suggestions, including dying my hair with regular temporary box color (but didn’t try to upsell me on anything!) because I’ve been getting quite a few white hairs already.  I think I’ll hold off on coloring until I can figure out what color to get (and maybe my friend Melissa can help with the process!)  She also said that my haircut is really versatile, that I could use some fun accessories, hairclips/headbands/scarves, etc.  So now I’ve got the thought in the back of my head that I should go out and buy some cute hair accessories!

Read outside for a while.  Have been reading the book Predictably Irrational by Dan Ariely.  It’s a pretty good book.  He actually mentions personal finance blogs (pages 122-123), including Poorer than You, We’re in Debt, Make Love Not Debt, and Blogging Away Debt, quoting an article about how bloggers interact with each other, sharing stories, ideas, etc. to encourage each others to save money and pay off debts.

And then I started walking around Davis Square.  There are a few new shops there since I last wandered around.  And two of them almost got me buying…Especially since I was hoping to find those hair accessories.  Went into Magpie, which has lots of cute handmade and indie items, like jewelry, bags, cards, and apparel.  One of my friends sells her button necklaces there.  I was tempted by all the cute stuff there, but resisted.  I then headed over to Davis Squared, which had similar items, though more likely manufactured , including tea sets,  aprons, wallets, etc.  Again, tempted!  But again, resisted!  I think stores like these that have Etsy-like products are very good at tempting me.

I guess I’ve also been tempted at Target.  They have so many cute items, especially their organization stuff and dishware/other kitchen supplies.  It’s the kind of stuff where you’d say, “Hmm, those nautical themed serving dishes are adorable!  I guess I need to have a nautical themed party and buy those”.  I resisted the organization supplies as well, because really, I don’t need organization, I need to toss all the outdated junk I have and cut out unnecessary items.  (then maybe I can organize what I have left)

So, luckily, the cute stuff called my name, but I was able to resist.  If I didn’t have as much self restraint, I’d have so much more stuff!  Basically, I want cute things to wear and decorate my house with.  But I’m thinking the housewares can wait until I have a place of my own.  The longer I hold off, the better I’ll be able to utilize these things.  Like I said before, I need to do a major overhaul of what I own.  No need to clutter up before I declutter!

Went a little spend crazy December 9, 2008

So, I’m always trying to avoid spending money if at all possible. But I think the one problem with that is that I’ll spend a lot of money all at once to make up for that. I don’t think it’s like diets, where you try to be good and then follow up by eating half a chocolate cake and a pint of Ben & Jerry’s. I think it’s just that I rarely spend money on things for myself, which means that there are large gaps in my wardrobe where clothes that I got 5 years ago aren’t quite fitting the bill.  So I spend.  I try to get good deals. But let’s go on a journey through my spending this past Sunday.

The purpose of the shopping trip: get something to wear to my boyfriend’s company holiday party. I don’t want to look too young (one of the women I talked to Sunday thought I was closer to 18…even though I’m actually 24!), so I wanted to look sophisticated, mature, and beautiful. And all the dresses I have in my closet may have fit me back in my sophomore year of college…but they just aren’t quite zipping up the way they used to!

I ran into a friend at the mall, who told me all the things I need to dress up for an event like this.  The dress, the shoes, the clutch, the pashmina…I wasn’t even sure I knew what all those things were!

I went to plenty of stores, and I have to admit, I was getting pretty darn sick of trying on dresses.  Though most of the ones I tried on “fit”, they just did not look good on me.  I also seemed to be grabbing dresses that appealed to the “younger me”.  And I think I’ve discovered that it’s difficult to get a good idea of what the dress looks like.  And it seems that some stores seem to know that there are people like me.

I finally went to Ann Taylor Loft, where something actually looked good on me.  But I have to say, I think it really helped that the employees there knew what they were doing, and how to sell things.  Well, that’s the cynical side of me talking.  The grateful side of me appreciated their help.  They gave me their opinion on dresses, and helped me pair jewelry with the dress.  They showed me awesome shoes that made the dresses look better.  And yep, I bought a dress (and those shoes…gosh they’re good salespeople).  And silly me, I let them trick/convince/guilt me into getting their store credit card for a little extra discount.  I know, it’s a hit to my credit score.  But oh well, what’s done is done.  I did get compliments on the dress from other customers, rather than just the salespeople, which made me a bit more confident in my purchases.

And rather than buy accessories at Ann Taylor Loft, I headed to other shops in the mall to buy all the other things you’re supposed to wear at a fancy event.  I picked up a clutch and some slightly outrageous earrings at Aldo, and bought a wrap for just $10 at H&M (rather than the $40-50 at other stores!  deal!).  It helped that I didn’t get a real pashmina…100% rayon works for me, if it looks the same!

So, I spent over $100.  Yeah.  I’m going to use the excuse that I don’t really have any of those things, and I need more mature and sharper looking items to wear…I can’t keep dressing like a college or high school kid forever. 

So, there’s my shopping confession.  And I haven’t even started my Christmas shopping!

A trip to the Wrentham Outlets August 3, 2008

So, I may have lived in Boston for almost 6 years, but I have to say, I’ve never been to the Wrentham Outlets.  I’ve been to outlets before, ages ago, but I hadn’t been to the ones that are south of Boston.  Well, I knew that I needed a wardrobe update; my friend Melissa offered to help me with a mini “What Not to Wear” trip.  Except I had to spend my own money.  And I only bought clothes at 2 stores.  And she didn’t make me throw all my old clothes away.  But other than that, it was like the show!  (okay, so maybe it really wasn’t much like the show at all).

I’ve known for a while that my wardrobe needed some improvement.  And now that I’m earning a steady paycheck (I got my first paycheck this week!), I feel a little more comfortable spending money.  Most months, I don’t buy any new clothes/jewelery, and most expenses go towards food, rent, transportation, and the like.  So, I tend not to spend money on extra things for myself, except for dinner out with friends or something like that.  And I also really have an aversion to getting rid of things (what if it fits? what if I need it? I paid for it, I can’t get rid of it!) so, I have a closet full of plenty of free tshirts from dorm events and clothes I’ve had since middle school.  And that’s really not the kind of clothes a 20-something should be wearing on a day to day basis.  Really, I’m just too cheap and lazy to buy new clothes for myself.  And I think I’m so afraid to make any purchase without another person’s opinion.

And so we drove out to the Wrentham Outlets.  So that was a bit of a trek, which meant using up a bit of a tank of gas.  Which is of course counter to saving money.  But I think overall, I managed to buy a lot more for the money I spent.  Overall I spent about $300.  Yeah, that’s a lot.  I spent $200 at Gap on 10 pieces of clothing (khaki slacks, jean skirt, tops), and then another $100 at Ann Taylor Loft for two sweaters and 3 pieces of jewelry.  I guess that means I got things that were an average of $20 apiece.  Could have done better (maybe gone to cheaper stores, but could end up with less quality pieces), could have done worse.  But I think that these are all key pieces for my improved wardrobe.  They’re all relatively solid, basic pieces that can be dressed up a bit with accessories.  My next step is likely to look to see where I can find some cheap but good accessories to pump up the outfits I’ll have.  That and sort out my closet, eliminating (and donating) the clothes that I really should stop wearing.

I’ve come to grips with the fact that I spent quite a bit of money.  But this is because I rarely actually go shopping, and it’s all clothes that I need for work and life as a more mature and put-together looking woman.  I guess the last time I went on a big spending spree for clothes was about a year ago.  Well, looking at my walletproof history, it looks like I’ve spent ~$80 on clothes in a few different months.  But most months in between I spend nothing.  So that’s my justification.  Whether that’s the right thing to be doing, I’m not sure.

How have you all been doing on your budgets?  I know wellheeled was working on cutting out clothing purchases.  And what do you think?  Am I justified in buying all these new clothes?  Or am I a crazy spender like the rest of Americans?