I spent my afternoon utterly engrossed by a fashion blog I'd never read before. I won't name any names, but I'll say this much: It was written by a high-maintenance Hong Kong girl who seems sweet and articulate and has a huge weakness for the finer things in life: high tea at posh restaurants, expensive makeup and skincare products, designer shoes and purses, Internet orders from Neiman Marcus. My disbelief grew as I kept reading. I thought, wow, there are people that live like this?!? How can she afford the constant influx of Fendi and Chanel in her closet?
Several pages of old blog posts later, the situation became a bit clearer. This girl was 27 and had been working full-time for a couple of years since she graduated, and she still lived with her parents. (There were asides about her parents seeing her packages come in the mail.) In a post about resisting the temptation of yet another designer item, she confessed to being 27 and not having anything to show for it except shoes and purses. If you read between the lines, it sounds as though she spends every single penny she earns. How can you be 27 and not have any savings, an RRSP, a GIC, or anything? At this rate she'll end up like Carrie Bradshaw - she will literally be the old woman who lived in her shoes!
I totally admit I'm the last person to judge, seeing as I'm a 23 year-old shopaholic with a full-time job and I still live with my parents rent-free. My previously harsh stance against expensive items has softened in the face of my weakness for pretty luxurious things. But even I have my limits as to how much I can bring myself to spend, and I don't think I could blow a whole paycheque on shopping without shuddering. Also, as much as I love shoes, I realize there are more important financial goals for myself beyond "investing" in my shoe collection. I'd like to move out for good and hopefully own my own home in several years. This is why at least half of every paycheque goes into my savings account, if not more. I hope that by the time I'm 27, I'll have more to show for it than accessories.