Ever thought “I was going to buy a new Toyota for $30,000, but I think I’ll buy a jacket instead.” No? Well, as someone who has thought things along these lines, let’s talk about it!
Show of hands, whose spent $1,000 or more on an article of clothing.
Okay, now whose spent $1,000 or more on a hoodie.
Chances are, most hands were up for the article of clothing but down for the hoodie. Why? because hoodies are typically cheap and the article of clothing could be a three-piece suit, a dress for prom or even wedding attire. I’ve bought suits for $1,000 before. I bought a two-piece for $950 and followed it with a $1,200 Versace sports coat! I’m content with the suit purchase; however, the jacket was stupid.
How much would you spend on a hoodie? $30? $100? $500? How about $8,500 for the Louis Vuitton x Supreme Logo Box Hoodie shown below?
I can’t think of a better use of $8,500! Do you see the craftsmanship on that thing?!
I’m joking, of course. If you’re rich, it’s not a problem to spend mad cash on clothing and shoes but if you’re not rich then it’s one of the worst moves you can make. When I was younger, not much younger than I am now (2 years), I used to buy the stupidest designer clothing even though I couldn’t actually afford it. I’d buy $850 shoes, $1,500 hoodies and windbreakers, $120 beanies and hats, and much more. I cannot express how incredibly stupid it was of me to do. Needless to say, I didn’t feel that way at the time but I figured it out shortly after.
My question is why do people who can’t afford these designer street clothes still buy them? I could walk through my college campus and walk past so many people who are wearing Yeezy’s, Louis Vuitton, Bape, and Versace.
When you’re a college kid, you’re usually not going to be in a position to be what is typically referred to as a “hypebeast”. Chances are if you’re a student at college you’re accruing debt to attend. When you graduate, it may be $30,000 if you’re attending a smaller university or if you’re attending a larger and more expensive university it could be up to $200,000.
So why spend $850 for a pair of shoes if you’re $30,000 in debt? Because they’re cool and you don’t have to pay back your student debt for a long time! right?
That is one way of looking at things, it’s not a good way of looking at things. It’s how I used to look at these things when I was younger. Why pay off debt when I can buy a pair of dope ass shoes? What a wonderful way to think!
Do yourself a favor, don’t buy $850 shoes if you can afford them. Don’t go in debt for expensive designer clothing either. Just don’t do it. It’s not worth it any way you look at it. In the end, they’re just clothes. They’re no better than any other clothes you wear so don’t fall into that trap.
I’m not saying you shouldn’t ever spend your money on these things because it’s your money and you can do whatever you please with it. What I am suggesting is that you wait until later to purchase these designer items until you have the financial freedom to do so. Don’t drop thousands of dollars when you’re in debt.
Free yourself up from debt before spending a lot of money on these things. Something that isn’t well understood is how much you end up paying back for prolonging paying back your debts. For the years that I was in college, my mother would pay up to $300 a month only to pay off the interest that would come from my student loans.
I Love Clothes!
I’m someone who absolutely loves clothes, fashion, and style. I wear almost exclusively LuLu Lemon and Coach which are much more moderate “designer” brands. I get most of my Coach clothing on sale up to 60% off and I only buy a few articles of LuLu annually for full price. I have a few other pieces of very expensive clothing; however, I’ve not bought anymore in a very long time and don’t plan to for a long time.
My point is that you can have great clothing without breaking the bank. You can also buy expensive clothing without buying multiple articles of clothing each month or week.
When I was in Vegas for my 21st birthday I visited places like Louis Vuitton, Gucci, and Urban Necessities to see what they had. While visiting Gucci, the employees told me that the most common way people would purchase items was once a month they would come in and buy one article of clothing, whatever they wanted that month for up to $1,000. If there was something they wanted that was more than a grand, they would save up longer.
The same was told to me by the owner of Urban Necessities also. He told me a story of how someone came into their shop in Vegas and looked at the Yeezy Red Octobers that were priced around $6,000 at the time. The guy came back three months later and bought them for $5,000 because the price had dropped. He then went on to say how that’s usually how people go about buying designer streetwear.
Crazy To Think About
It’s always interested me to know just how much people care about what others think about them. They (we) go as far as we can to make people pay attention to us. We buy $2,000 purses, $1,000 shoes, and everything in-between to look good.
Moving forward, think about what’s worth it before buying it. It’s important to make good decisions when it comes to your financial stability. Most Americans are terrible with money and I was no exception for a very long time. I’m doing much better now; however, I’m still learning and I still have college loans to pay off that I could have paid off sooner if I hadn’t spent money on designer streetwear.