Thursday, April 9, 2009

Fabulous *Rule of Thumb*

I want to share a Fabulous *Rule of Thumb* with all of you that I recently read on the What I Wore site. I really think it is such a great *rule* to go by:

*When shopping, I look at a garment and then decide how much I would pay for it. If its actual price is same or less than that number, cha-ching! She’s mine.*
-Jessica Schroeder

What do you think of this *rule*? Good idea? Is this already one of the rules you follow?

14 comments:

  1. This would be a fun game to play but I don't know about an actual rule...you could bend and twist and justify this rule a lot. I personally go on how much I really like/love the item and its quality and fit. Then I decide from there.

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  2. I agree with a @ 936am. http://isnotfashion.blogspot.com

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  3. Good rule in theory...but since the hubs and i are both in grad school right now, i fear that what i would actually pay for an item will always be lower than what it actually is! :) haha...i am in my frugal days for sure!

    but oh boy...once those master's pay scales come into play for both of us, this rule will be much more realistic! :)

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  4. Its a good parameter, but, Prob. doesn't work IRL, but, often I have said, is this worth $X? Usually no, but, sometimes you just fall in love w. an item bec. of how it makes yu look.

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  5. If that rule applied for me, I would be standing here with a new trench coat. Shopping this past weekend at Macy's, a light blue trench caught my eye.

    Here's a replay:
    Oh, blue! detour straight to the target. Nice...hmmm let's see if it's in my size. Yes!
    Price?...Good price!
    Tried it on. Darn! I look good!

    BUT I own 5 trench coats. Do I really need a 6th? Do I really need one in every color of the rainbow? And...the kids need cleats. Would it be a frivolous of me? Ending: didn't buy it.

    http://fashionafterforty.blogspot.com

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  6. Hi Girls! Thank you for all the input...I can definitely see how you could bend this rule a bit. I usually look at the price tag first, but think it's a fun idea to decide what I think the item is worth and then look at the tag. Let me know if any of you try this out...I was at a couple of stores yesterday but unfortunately forgot to give it a try.

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  7. I do this quite often and did it yesterday in F21. I was in a blouse and thought it was cute. I hadn't looked at the price and I thought...for $17.80 - $19.80, I'd buy this. It was $24.90. I was almost tempted, but I would want the sleeves altered which would mean almost $40 or so after tax 7 alterations. I passed.

    I think the rule is an excellent concept even if lust for the garment rules despite price or # of times I expect to wear it.

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  8. Hi! In response to your comment- I ordered it in Dark Charcoal and am wearing it today! You should definitely order! If you do it through the red phone you can use your 25% off (it's an online only item.)

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  9. I think it is a good rule especially for sale merchandise. Sometimes we get to wrapped up in the killer price that we forget to see if we really even like the garmet. So what I like to do, is when I see something on sale, I ask myself that if it were its original price would I still purchase it? Then I get to know how I really feel about the garmet and not feel "woo-ed" by the sale price!

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  10. I usually have a rule not to pay full-price for anything, except under special circumstances.

    My next rule of thumb is how it will fit into my wardrobe, and how versatile it will be... I also use that as a guide for how much I'm willing to pay for it.

    I've never tried this rule of thumb, though... I will try it out next time I am in a store! :)

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  11. Ginger Snap, I do that analysis too. If I wouldn't pay FP for the garment, I don't really want/need it that much so I won't buy it on sale.

    I do use the old calculation of cost/wearing and that is why I'm always so hung up on classics. I have some clothes where the cost/wearing is getting down to the cents because I've had them forever, they are top quality and wear them to death. But really, I love my wardrobe and I am never at a loss for what to wear because I always have something for every occasion. People often tell me I look great so I think I'm doing it right.

    The next time I am out shopping I am going to use this rule of thumb to see how close I am to the retail price. If nothing else, it will be fun. I can hear the ding-ding-ding and Bob Barker saying "come on down, you are the next contestant on the price is right!" already. LOL

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  12. I've done that in the past. But I stop at buying unless it meets other requirements:

    1) I won't even consider an item unless it's 50% off. It's not like I'll go naked if I wait for it to go on sale. Heaven knows, there's stuff I can wear at home. The few times I go shopping at stores, I always go straight for the sales racks and rarely look in the full retail area. This goes for all stores (JCrew, Nordstrom, TJ Maxx, Target, etc.). Frankly, I don't have the time to peruse. Time is precious to me so I skip the full price items unless I have fallen in love w/an item. Then I try it on in person should I decide to order it on sale a few months later. I'm a sales girl at heart. Kind of exciting to wait and see if an item ends up being 75 or 80% off. If it sells out, oh, well, la de da, life goes on.

    2) To further narrow those sales items, it has to be a classic item that will look good today and 10 years from now (hence, my preference for Chanel-esque items).

    3) It must fit now, not when I lose 5, 10, 15 lbs. AND flatter the figure God gave me and I somehow put flourishes on in recent years. Elle Macpherson looks incredible in toothpick jeans and horizontal stripes and ballet flats, whereas this hourglass gal goes only for narrow stripes if any at all and has avoided the matchstick jeans craze lest people stop to stare at the sausage lady. Age appropriate, too, please.

    4) I have to have a number of other items at home I can pair with the item to dress up or down.

    5) Lastly, I have to love it, not kind of like it, but love it.

    Sorry for the long post, but if I follow those rules, I usually keep myself out of trouble later with "What the h... what I thinking????"

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  13. My mom taught me to use the price per wear calculations. For example, a great pair of black slacks that are $100 that you might wear once every two weeks will cost you $3.80 a wear over the course of a year. A $50 pair of black slacks that you pick up on sale because they are a great price (but you put aside the fact that they don't fit you quite write becasue they are on sale) and you end up wearing once a month costs more ($4.16 a wear).

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  14. Hi, my rule of thumb isn't money-related: when I'm in line at the register I ask myself "Is this worth it a fight with my husband when he sees the credit card statement or sees me with yet another Jcrew bag?" (I try to pay cash as much as possible but for the big purchases I have to use the credit card). If the answer is yes, it means that I really love it ans I should buy.

    I like GingerSnap's rule too. I'm going to try that one the next time that I fall for something on sale.

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