How to Be a "Recessionista"
by Diana Pemberton Sikes
Dress Like a Diva on a Thrift Store Budget
The Fashion Frugalista
A fashionista is someone who devoutly follows fashion, like the Carrie Bradshaw character in "Sex in the City." Fashionistas often put fashion before comfort or even common sense, often wearing clothes that are inappropriate for the occasion or the weather. I know. I used to be one. When you follow fashion to the extreme, you're known for your clothes, not for your restraint or fiscal savvy.
With the sluggish economy and tightening credit, many fashionistas are going into serious withdrawal. Fashion, like eating out, is one of the first things many indulge in when times are good and one of the first things they go without when times get tough.
Gone are the days of expensive trendy bags and favorite styles in multiple colors. Instead, logic and fiscal responsibility are being forced into the mix. Fashionistas have become "recessionistas," following their "passion for fashion" but doing so within the constraints of the current economy.
They've become - oh, say it isn't so! - much like the rest of us. Only they still look very chic. The wardrobe strategies they're passing around during these tough times are the same I've espoused for years, once I "saw the light" and learned to focus on style instead of fashion. If you follow just a few of these tips, you can look good whatever the economy or your own household budget.
Here's how to be a recessionista:
1. Spend the Most on the Clothes You Wear the Most
Investment dressing means spending as much as you can afford on pieces you expect to wear a lot. Coats, shoes, handbags, suits are the backbone of your wardrobe. Like the backbone of your body, it needs to be strong and sturdy. If you spend $400 on a beautiful wool overcoat that you wear five days a week, four months a year for three years, the cost per wear is just $1.67. (5 days x 16 weeks x 3 years = coat is worn 240 times. $400/240 = $1.67). You get your money's worth wearing investment pieces.
Conversely, if you spend $400 on a special occasion dress that you wear just once or twice, the cost per wear is a killer ($400 or $200, respectively). Yet, that's exactly what many people do. They "go all out" for the special occasions in their life and "go cheap" the rest of the time. Don't do that. Like a carpenter with his tools, a dancer with her shoes, or a musician with his instrument, you need to invest in the clothing and accessories you wear all the time. Otherwise, they'll wear out quickly and you'll have to replace them frequently. In the end, you spend a lot more doing that than buying quality from the start.
2. Restock Your Basics as Cheaply as Possible
Now that you've got the big-ticket items out of the way, replenish those basics you buy every year, like underwear, pajamas, t-shirts, socks, etc., as cheaply as possible. However, you should still look for quality. You can't expect these everyday items to last forever, but they shouldn't fall apart after a few washings, either. Go with the names you can trust, like Hanes, Gap, and H&M for your day-to-day basics.
3. Build on Your Signature Style
When money's tight is not the time to explore your other clothing personalities. You may feel the need to channel Marilyn Monroe one day and Fergie the next, but getting the bill for all that exploration will take the artistic joy right out of it. So don't do it. Build on your signature style, add whimsical pieces as the mood strikes, but don't do a whole closet makeover on a regular basis. It's too exhausting and expensive.
4. Go Cheaply on Trends - Or Skip them Altogether
If your budget's particularly tight, it doesn't make sense to spend a lot on trends that won't be around for long. Go cheap on them or just skip them altogether. Or, go look in your closet and see if you can re-create or approximate a current trend from something you already have. You can look up-to-date without spending a cent.
5. Mix Up Eras, Labels, and Price Ranges
If you really feel the need to be creative, put down the current issue of your favorite fashion magazine, back away from it slowly, and look elsewhere for fashion inspiration. Explore vintage shops, discount stores or even your own attic. Mix old with new, high end with low end, this season from seasons long passed. People will admire your ingenuity.
I attended an event this summer wearing a designer dress from the clearance rack at Marshalls' ($22), a pair of sandals from DSW ($34), a pair of pearl earrings I received as a graduation gift, and a pearl-beaded evening bag my mother used in the 1960's. I was treated like a princess the entire night. My total cost was $56.
So keep these tricks in mind, particularly if you're used to dressing a certain way that a new reduced budget can't afford. Looking good and spending a lot don't always go hand-in-hand. I've seen women stop traffic in $40 worth of clothes from Wal-Mart, and I've seen women become wallflowers wearing thousands in designer apparel. It's not about how much you spend or how much you have; it's about being clever with what you have or can afford. So don't pine over the impact of the economy on your wardrobe. Get tough, get creative, and become a recessionista.
Take the Next Step:
- Do you struggle to get ahead financially? Then you'll want to subscribe to our free weekly Surviving Tough Times newsletter aimed at helping you 'live better...for less'. Each issue features great ways to help you stretch your dollars and make the most of your resources. Subscribers get a copy Are You Heading for Debt Trouble? A Simple Checklist And What You Can Do About It for FREE!
Share your thoughts about this article with the editor.
Prices keep rising while my income remains stagnant and I worry I am heading for debt trouble. Tell us: Yes, I think I am heading for debt trouble and could use some help! or No, I am not in debt trouble but I am always looking for new ways to help keep my budget on track!
More Money-Saving Lifestyle Tips
- Best September bargains for thrifty shoppers
- 4 steps to a simpler (and more frugal) life
- 6 tips for a fabulously free vacation
- Secrets to living luxuriously for less
- Money-saving secrets of the rich and frugal
- 4 secrets to being a frugal foodie
- 7 simple living lessons from Grandma
- Saving on home office software
- Being frugal without looking poor
- This week's Readers' Tips