This post encourages you to wear your investment pieces and to enjoy them before your heirs do. Read why doing so makes them actually inexpensive.
- Why It’s Hard to Toss Clothes When Overhauling Your Closet
- Think of Clothing in Terms of Cost-per-Wear, Not Value
- When You Wear Your Investment Pieces They Are Cheaper Than You Think
- Sell Investment Clothes That Are No More So You
- Cut Your Loss, and Toss?
Disclosure: There are affiliate links in this post.
Why It’s Hard to Toss Clothes When Overhauling Your Closet
We all know that it’s important to go thru the steps of a closet overhaul at least twice a year, better after every season around the begin of the new one. Thus, an annual cycle of moving out the winter clothing for spring, … the summer clothes to create a great fall wardrobe, … ending with winter. You get the idea.
Despite we know better that we have to makeover our wardrobe not only for fit, trends and personal style, the hard part is to actually let go clothing. Ok, it’s obvious that when you identify too tight clothes in your closet overhaul, they have to go. The same is true for too wide clothing that can’t be altered. All you can do to be resourceful is to consign them or donate them for charity when they are still in pristine order. Hoping that one day they will fit again is not a realistic thought when your body changes are due to menopause.
Think of Clothing in Terms of Cost-per-Wear, Not Value
We have to dress everyday like we have to drink and eat everyday. In other words, we buy clothes for a daily need like we buy food. Nobody would think of the value of a latte or a slice of pizza! So why do it for something so essential like a dress, skirt, or blouse?
Interestingly, when it comes to a trendy item we rarely think about its value. Getting rid of yesteryear’s trends is easy on us when we clean out our closet. They were cheap clothes. Your expectation on that $20 Must-have blouse from last year was to wear it just that last season. And you know that most of these cheap pieces often fall apart in the first wash. Well, dry cleaning them costs more than what you paid for them. Of course, at-home dry-cleaning is a fraction of the cost of dry cleaners. However, most likely you even wore the clothing more than 20 times. Then it was having fun for less than the price of a latte. So what?
But what about these beautiful clothes you have, you are not wearing? Here I’m not talking about special occasion clothes or memorables like your wedding dress.
When You Wear Your Investment Pieces They Are Cheaper Than You Think
Yes, I am talking the high price tag pieces. The one you saved for forever to get them, the ones called investment pieces? Unconciously, we think of them in material value because we saved for them and because we know that we splurged on them. Investing in clothes somehow makes us resistant to wear them or even to toss them when we makeover our wardrobe. We keep them for good like a Sunday’s Best. But what is good enough for you? Shouldn’t you be good enough for you every day? So, why not enjoy your achievement?
For example, your diamond tennis bracelet. When you wear a $5000 diamond tennis bracelet every day it has a cost-per-wear of less than a dollar after 5000 days. That’s after 13 years. Your daily latte grande at Starbucks costs you $18250 in 13 years assumed that its price remains the same over all these years, which most likely is not the case.
See your investment pieces this way: When you don't wear your investment pieces they actually have zero value for you. #budgetfashion Click To Tweet
In other words, you are not enjoying them, because you do not wear your investment pieces..
Sell Investment Clothes That Are No More So You
It’s important to makeover your closet for fit, trends and style. This means that you may have pieces you don’t like anymore, but they are otherwise totally fine. You bought them because you loved them back then. When an investment item is not your style anymore, sell it; use the money to buy something new that is more you. You should have no fear of your personal style evolution. In terms of the example of the tennis bracelet, it looks great with classic, business casual, sport-inspired casual or even resort style, but when your style has morphed into Bohemian or Athleisure after retirement or just over time, it doesn’t do you any good to keep it. It has zero value for you unless you sell it.
Cut Your Loss, and Toss?
Of course, you will not be able to get the money back you spent on the investment or the money that you would have to pay when you would buy something similar today. You consider this difference as a loss because you gave it a value. But it isn’t a loss. See it this way: You got some wear out of it.
The difference between what you paid to get it and what you get when you sell it, is the price for wearing it. When this difference divided by the number of times you wore the clothing/jewelry/whatever is below a dollar, it was even a great bargin! If not, just cut your losses and move on!
Keeping it instead would be similar like tossing it as you wouldn’t get anything out of it anymore. It has actually zero value for you, when you keep it, but it gives you a value when you sell it. Enjoy the money before your heirs do. #lifestyle Click To Tweet
Get rid of your anxiety about what to wear when with How to Dress for Success in Midlife. Buy the book now.
While greenup started May 1st, it stopped due to a storm moving in that even brought some new flurries. However, they didn’t last. Nevertheless, the wind, wetness and temperature drop required a spring look with a wool jacket to stay comfortable – temperature wise. I added the Russian scarf and the beret just for style. The beret is a gift from my friend in elementary school. She bought it in Paris for me. Why? In elementary school, I always wore a beret in winter. She remembered that! So cool!
Do you wear your investment pieces? What are your thoughts on “tossing” clothing or jewelry to adjust your wardrobe for style?Wear your investment pieces, before your heirs do. #lifestyle #goodlife Click To Tweet
Photos: G. Kramm
© 2013-2021 Nicole Mölders | All rights reserved