I’d like to make “Lessons in Chic-onomics” a regular feature on Fiscally Chic. In it, we’ll examine why we spend money and our priorities instead of “do this” and “don’t do that.” How you spend your hard-earned money is definitely a personal decision, so this is just an avenue for helping you think about your spending habits. And these aren’t black and white issues. But maybe I can help you save a little money in the process.
OK, so our first lesson in chic-onomics covers clothes! Fall clothing lines are in full-swing and the weather is getting a little cooler in Chicago. So obviously there’s the temptation to go out and buy all new sweaters, boots, scarves, and coats. But before I go crazy and overhaul my wardrobe, I like to think about the following items:
- Why am I buying this? Is this a need or a want?
- When I moved to Chicago, I obviously needed a new winter jacket since the weather is much colder than St. Louis. On the flip side, I have more scarves than I can shake a stick at. Probably don’t need a new one.
- Take inventory of what you already have and make a list of items that you need to fill out or update your wardrobe.