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Her resolution: No clothes shopping in 2008

Posted Jan 04 2008, 03:23 PM by Karen Datko
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The no-new-clothes resolution by MEG at The World of Wealth may seem extreme, but it won't after you read what she spent on clothing in the last 18 months. "The numbers are indisputable: I have spent an obscene amount of money on clothes during that time," she writes, and then provides a detailed list of her purchases. "I really hope no one I know is reading this right now," she says.

The grand total comes to $5,000, give or take. She bought topaz earrings for $400 during a trip to Peru for volunteer work. She spent $280 for a spring cocktail dress to wear to a wedding, plus $200 for a cashmere wrap. The black cashmere party dress cost $500. The list includes metallic sandals, also $500. She goes on to justify the expenditures: She's a recent college graduate who needed an appropriate wardrobe for her new professional status. Plus, she had the money to spend.

"But, she writes, "I also no longer need nor can I attempt to justify further clothing purchases. I've built my wardrobe, I still managed to save and invest, and it's time to move on before this shopping thing becomes a habit."

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