A short and simple how to build an ethical wardrobe from scratch post today, but one that I’ve personally found really useful to rein in my spending, particularly on the high street.
Work out your hourly rate.
If you don’t get paid on an hourly rate, then work out your hourly rate. Then when you’re thinking about buying something work out how many hours it would take you to work to buy that item.
For example, I might ask myself is that ‘must have’ pair of boots really worth 6 hours work or could I think of a better investment of my time spent at work? I find this a particularly effective method to make me really stop and think about an item’s value against my time spent in work.
I find working out my hourly rate also really helps me think why I’m working. It’s really helped me realise that I’m not at work to be able to buy stuff I don’t really need, but ultimately to provide for my family and have fun experiences with them. Prioritising experiences over stuff ultimately makes me happier and more fulfilled, and less like I’m chasing the unattainable dream.
ps: posts 1 -4 in this series are available here in case you missed them.