On yesterday’s radio show Where Are You Going In That?, we talked about how being frugal with fashion is like the new black. In fact, according to Trendwatching.com, a company that predicts emerging consumer trends around the globe, searching for the “best deals” is part of the daily routine for millions of people around the world. However, what my co-host Amanda Jornov and I wanted to explore during our show yesterday was, just because something is a “great deal” can you really afford it? Our entire program yesterday focused on how to fit clothing and fashion into your budget, determine how much you can actually afford to spend and where best to spend it.
During the show we were thrilled to have two phenomenal guests. First, we welcomed Jennifer Micek, owner of Clothes Attic’d, the largest ladies consignment & resale boutique in Napperville, IL. At Clothes Attic’d Jen helps people make money by selling their clothes and SAVE money by ReStyling their wardrobe. If you’ve never considered consigning (either buying or selling) this savvy consignment shop owner shared all necessary tips for us on how to do it, make money doing and/or get a great deal through shopping at your local consigner. Personally, I’ve never been big on consigning, however, this show definitely made me rethink my shopping strategy.
In addition to our interview with Jen, it was also made clear to us that in this down economy, being frugal and smart with your money is definitely the new status symbol. Sure, go back seven or eight years ago and the opposite was true. Remember a time when the more stuff people had to flash around, the more worth and respect they seemed to have? Well, times have changed, and I think for the best! Through this down economy we’ve all learned how to value more important things than how many pairs of designer shoes we own or how many expensive cars are parked in your garage.
Additionally, during our show we talked to independent financial expert Galia Gichon about how to budget for fashion and to make spending on yourself a part of where you allocate your money. Galia, who has more than 14 years of experience in financial services, including nearly 10 years on Wall Street and an MBA in Finance from Fordham University, runs her own company, Down To Earth Finance, where she offers individual sessions and seminars to address personal financial needs and concerns. During our show, Galia shared her opinion on those deal sites. Is utilizing these daily deal sites really the best way to be frugal? You may be surprised by her answer. Additionally, be sure to check out Galia’s book, My Money Matters: Tools to Build Peace of Mind & Long-Term Wealth, a boxed set of financial cards with money affirmations, instant money tips and workbooks.
In the end, Amanda and I walked away with a totally renewed perspective on money and fashion and through listening to this radio show, I hope you do too!