In the past Eeyore Holding Balloon Halloween shirt . Especially during times of emotional distress, I turned to shop as a source of comfort. It’s a seemingly harmless habit that can cause some severe damage, like overwhelming debt, anxiety, and fractured relationships. For me, overspending also manifested physically in headaches, nausea, and insomnia. But let me be clear: There’s nothing wrong with spending your money on designer brands if you can afford the price tag. The problem arises when it threatens your financial security, which can, in turn, threaten your well-being. It’s why Alyssa Davies, author of the 100-Day Financial Goal Journal and founder of the personal finance blog Mixed Up Money, says you should spend your dollars on things you value. “I’ve just made it clear what those values look like to me so that when I am spending and when I am shopping, I know I’m making good choices,” she says…
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But, how do you differentiate the trash from the treasures? The cost of living is at an all-time high in most Canadian cities, so the appeal of fast fashion is unsurprising Eeyore Holding Balloon Halloween shirt . The price point is hard to argue with, even as the cheaply made textiles pile up in landfills (not to mention the suspect business practices of some retailers). Unfortunately, many of us don’t have the disposable income to spend on designer goods. “You don’t want to be spending for someone that you can’t afford to be yet,” Davies says. But you’re in the position to tuck away some money each month; the investment is worth the wait. I’ve come a long way from the days of spending way beyond my means, and now, I’ve got my eye on a few pieces (I’m holding out for you, Chanel Flap Bag!). But before I let FOMO get the best of me, I’ve got to take a step back and check in on my financial health. Here are four tips to help you do the same and afford designer brands.
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