Friday, March 17, 2017

FINANCIAL FRIDAY




Happy Friday! I hope that you are having a wonderful week! I wanted to share the importance of having a spending plan for your wardrobe items. A spending plan just keeps you from overspending and hopefully saving more money. I never had a spending plan for my clothing items because I have always had a system of paying myself first(saving/investing), paying household expenses, then spend on items I want. However, once I started investing in luxury items like shoes I felt like a spending plan was necessary. ...and I do not want to be stepping on my inheritance that I'm leaving behind for my family:) Below is an example of how a spending plan looks. However, you can customize it to fit your needs. I would suggest writing out the exact items you purchased so you don't repeat buying items you already have. Well thank you for reading and have a blessed weekend!


 balance from 2016  $1,074.00
Deposit January  $300.00
 Amount Paid 
Clothing   $ 70.46
Shoes $ 1,110.00
Total  $ 1,180.46
Deposit February  $ 300.00
clothing   $ 308.00
shoes  $ 141.00
Total  $  449.00
Deposit March  $ 300.00
TOTAL DEPOSITS  $ 1,974.00
TOTAL EXPENSES  $ 1,629.46
BALANCE  $  344.54



 pinstripe white jacket....similar (here)
Miss Mee skinny jeans........ (here)
zip up sweater. .......similar  (here)
pumps........similar  (here) and (here)
red crossbody.............similiar (here)
Versace sunglasses...(here)


15 comments:

  1. Hi Tiffany, I adore your heels and your clutch. You look beautiful. And thank you for sharing the budget. You inspire me!
    Happy weekend, sweetie. :-)
    X
    Miri

    http://currentlywearing.com

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  2. You look absolutely fabulous! Love this look on you, Tiff! Very classy and feminine! Awesome blog post!
    Happy weekend gorgeous!
    Much love,Len
    www.lenparent.com

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    1. thank you sweet Len! Blessings and love to you!

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  3. Nice heels!

    http://www.myclusterofthoughts.com/

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  4. Very useful! This is how I do it as well.. I take care of myself first: the bills, short and long term savings, investments and then.. everything else is spending money! :)

    Looking gorgeous.. and wow.. 1110 dollar for shoes.. wow! :D

    YouTube | Blog: Geekette in High Heels | Instagram

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    1. You got it Natassia! Awesome job to you! Pray you have a great week!

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  5. It's good to set a budget for clothes and accessories! Otherwise you can really buy too much, there's always a great sale on somewhere ;)

    I love your little red bag for a pop of colour with your black and white outfit :)

    Hope you are having a great weekend!

    Away From The Blue Blog

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    1. so true Mica! ..always one sale away from going over budget:) I agree a spending plan definitely helps. Thank you and have a beautiful week!

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  6. Beautiful outfit Tiff and having a spending plan is so important, I try to always keep one, thanks for sharing!

    Technicolor ♥ Heart

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    1. Hi Lou! I agree its important! Thank you and I hope that you are having great start to your week!

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  7. Looking smart as always my friend! I am taking a cue from you - I have been on a strict spending limit lately and I am happy I have done it one baby step at a time!

    Come drop by my blog for my latest collaboration with Los Angeles-based indie brand BACIANO and let me know what you think!

    Happy Spring!

    Rebecca
    http://www.redtagchiclosangeles.com

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    Replies
    1. Hi Rebecca! It really does feel great directing your money where you want it to go! Thank you stopping by and I see you on your blog soon!

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