With a new year comes a new set of resolutions and goals. My mind has been on overdrive thinking about the things I want to accomplish this year! As a responsible thirty-something mom of three, I have been pondering the irony of two of my top goals: (1) Provide new and better content with my fashion/beauty posts on Love, Ana B and (2) Become debt free/save for our emergency fund. That got me thinking…how can I responsibly shop for new clothing/beauty items to share on my blog without breaking the bank and have some money to save for a rainy day. And secondly, is there a percentage of monthly income that financial advisers recommend for clothing purchases? The answer is YES! A few articles later, including this one from WHO WHAT WEAR and this one from Pete the Planner, I found that 5% of your monthly net income should be allocated to your wardrobe. For example, if you take home 3,500 a month, you could be spending $175 on new fashion.
PHOTOGRAPHY BY: SUSANNAH OF ALUMBRA PHOTOGRAPHY
The percentage could vary depending on other factors, like your monthly living expenses, how many children you have and what city you live in (more on that here). Now, do I think that this 5% rule is realistic, especially as a self-proclaimed fashionista? I’m not sure yet, but it’s worth a try! One thing I do know, debt is a fashion DON’T!
Bow Blouse (also worn here): LC Lauren Conrad by Kohls (old) (Options 1/2/3)
Skirt: Forever 21
Clutch: South Moon Under (currently on SALE for $22.49)
Shoes: Steve Madden (old) (Options 1/ 2/ 3)