Brrr – what’s that cold feeling? Is it the hearts of those in the top 1%? Or is it a seasonal change and TIME TO BUY NEW SWEATERS?!?!
That’s right. It’s both. And I’m gonna show you how to show it (new clothes!) and grow it (bank accounts!).
First thing on the list: go through your closet and figure out what you don’t need anymore. If you haven’t worn it in the last year, it’s time to throw it out. If you have worn it in the last year, but the next morning you woke up in the bed of someone whose friend request you would never normally accept, throw it out also. (coming soon: Lyssie J.’s Guide to Self Worth)
Make sure that you donate those clothes to Good Will or anywhere that usually has a lot of really cute scruffy customers so that you can get a tax rebate.
The next thing I suggest doing is giving yourself a reasonable budget (however much money your parents put in your account for “emergencies”) and figuring out what new items you are looking for. When working with a budget, it’s good to have this figured out beforehand. You might see a really cute pair of black pumps at Forever 21, but if you already have a pair of black pumps, you have to pretend that they are garlic and you are Kellan Lutz.
Now it’s time to shop!!! Try and gravitate towards things that you can layer. Not only will that help you in these changing temperatures, and not only will you be able to get several uses out of the same piece of clothing, but layers also give you way more time to realize that the person who is undressing you could very well be your baby daddy if you don’t slow the heck down.
Once you’ve picked out what you want, put back anything you don’t love and head to the cash register. If you’re over your budget, you have to put something back. I’m going to suggest that you discard the impulse purchase with sequins on it. You can find other ways to be brave without looking like a disco ball.
Now with whatever money you have left, head over to any bank and ask to start a high yield savings account. If the rate is good, see if you can do a six or 12 month CD, and ask about your options for investing in mutual funds, or anything in the mid-cap growth family. I don’t know exactly what all that means, but I do know I lived with a finance major my freshman year and now we both own really cute cardigans AND property.
Lots of love!