Sometime, back in the days of my youth (sigh) I was told by a very savvy fashionista that one should always use the CPW ratio. That is Cost Per Wear Ratio. You buy a dress for $250 wear it twice, it cost you $125 per wear. You buy an expensive dress for $500 and wear it 100 times it costs $5 per wear. That's your value judgement right there.
This is an excellent little calculation you can do in your head. I wished I did it more often, because there is no doubt that the things I have paid a little bit more for (okay, A LOT MORE for) I generally love more, cherish more and yes, wear more.
I have a Bally handbag that I bought - on sale I hasten to add - for $550. It was reduced from $1250. I cannot for the life of me explain what possessed me to buy it because it put a serious dent on my budget and a burden on my credit card.
It is plain, cream and beautifully lined. I have had it for nearly 9 years and it looks brand new. It is a clever piece of work, because although it's cream I use it summer and winter. It never fails to get at least one compliment every time I take it out (which sadly, is more than can be said for me).
So as far as CPW calculations go, that bag must have cost me ....um, let's see: Initial outlay $550, divided by 9 (years) = 61. That's $61 a year. Divided by 12 months a year = $5 a month.
$5 a month or less that $2 a week! Can't be happier than that now can we?
Any suggestions about investment dressing, or observations about Cost Per Wear?
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