On the way home from rehearsals the other night, some friends and I got to talking about outlet malls, specifically about the Coach outlet at one of the nearby outlet malls. One friend mentioned that her coworker went and bought six purses at the Coach outlet, each for at least $200. We were a little appalled at that. Even on sale, I’m not going to spend $200 on that. There are so many other things I could buy for $200.
And then I stopped.
Because the other things I was thinking about were just as necessary as a Coach purse – that is to say, things that served a purpose other than being decorative, but weren’t really necessary for life. For me, my mind immediately went to electronics – I would much rather buy an iPod or a Blu-ray player than a Coach purse. That’s just what happened to be on my mind though. Upon further reflection I can think of a number of other unnecessary ways I could spend the money.
So who am I to judge if someone wants to spend money on an expensive purse or a fancy car or a pricey pair of shoes. So what if it’s not what I would spend my money on? Other people think that Kindles and Netflix subscriptions are a waste of money, and they are both things I have and love. Of course, I think you should spend your money on necessities first, and maybe if you have to eat ramen noodles for a month in order to buy that Coach purse, you should take a closer look at your priorities, but if you have some extra money to spend on something you want, but not something you necessarily need, you should be able to do so without judgment from others.
i hear you about not judging other people’s way to spend money and rather considering where we put our own dollars. introspective to say the least, huh? looking forward to checking out more of your posts.
Maybe someone should do some work on a “framework” for spending decisions. Sorry I’ve worked in bureaucracy for too long. I think that Joe Dominguez (your money or your life) had written some stuff on this. He wrote about identifying the “real cost” of the item, how many hours you had to work to get it including, travel to and from work, and putting away money for retirement etc and see if it was worth it. Your friends purse may have cost 1 months work. Is a purse worth 1 months work? personally i’d rather stay home and play with the dog.