When Do You Splurge, and When Do You Save?
When do you know you’re spending too much on an item? I’ve shared five favorite investments in the past, and I will stand by all of those! But what about items that aren’t included in my top five, or more recent purchases? What about everyday things? When should you splurge on something, and when should you save?
That’s a question I’ve often considered. Should I splurge on often-worn items, like white tshirts, or save? In that instance, I always go with save. A white tshirt will inevitably get dirty, and not even the Laundress’s magic stain remover can always save it. But what about for other casual shirts–Saint James tees, for instance. Are they worth the price tag? (For the record, yes. They are among the most hard-wearing shirts I own, and they’ve been through a lot. I favor the Minquiers Modern fit.)
And what about other everyday items, like a handbag? I’ve been trying to decide on an “adult” handbag for some time now, to replace my Longchamp totes. My Longchamps are still in good condition, but they’re 10+ years old, and with usually daily use (although of course not during the pandemic), they are starting to show their age. While I don’t intend on replacing the bag until I have to, I also don’t want to be forced into a last-minute decision because of an urgent need.
I’d love to go with an elegant and understated briefcase from Mark Cross, a brand known for quality and discretion in branding. My mother had several Mark Cross pieces that held up extremely well throughout years of heavy use. But I’ll admit to more than a little reluctance to spend so much money. I do believe that it would be worth the cost in the sense that it would last a lifetime, however, I need to think about what that lifetime would look like. Do I really want to battle crowds on the train and through crowded subways to my office with such a nice item? Do I want to worry about weather-related incidents, or someone spilling their coffee on me (if we reach a point where masks aren’t required on public transit any more), or losing the bag with such an investment? Wouldn’t it be better to save the money, invest it in something I’d be less worried about, or could at least be dry-cleaned if needed?
I’m curious–in this case, would you splurge, or would you save?