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Salary vs Suit prices - Page 3

post #31 of 263
8/29/11 at 11:07am
Quote:
Originally Posted by Beatlegeuse View Post

I'm in the $50K-$100K bucket, with no kids, and I would never dream of spending $3K on a suit. And I'm on SF, so imagine most of the population out there that isn't on here...no chance they are spending anywhere near that amount if they're in the same bucket as me. However, I will spend $600 on cordovan shoes, so I guess it's all relative and depends where your priorities are. I wear shoes (every day, duh) a lot more than I wear suits (maybe once or twice a month), so I'm willing to spend a larger % of my income on purchases that really matter to me.


This. I'm in the 50-100K income bracket myself, and $500 is more or less my hard max for a suit purchase (that doesn't count tailoring expenses into the actual cost, which can quickly add up), and this is coming from someone who values good clothes and is not one inclined to expensive habits. I think spending in excess of 1% of your yearly salary on a suit could be trouble from a financial perspective, especially if you need more than a few.

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post #32 of 263
8/29/11 at 11:08am
Quote:
Originally Posted by XKxRome0ox View Post


this answer contains the most sensible numbers compared to the others ...

+1
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post #33 of 263
8/29/11 at 11:26am
Quote:
Originally Posted by Quadcammer View Post


You think people earning $25k per year can afford $1k to $2k suits.

Thats a full month's income.

I say:

Under 25K> $300 suits
$25k-$50k> $500 suits
$50k-$100k> $800-$1000 suits
$100k-$150k> $1k to $2k
$150k+ $2k+

This assumes things like living expenses are commensurate with income. Obviously someone who scrimps on other stuff to buy a nicer suit could afford more.

Another who thinks this is about right.
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post #34 of 263
8/29/11 at 11:39am
I think the better question to be posed would be 'exactly how much money would I need, at the bare minimum, to be 100% styleforum approved?'
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post #35 of 263
8/29/11 at 11:43am
Quote:
Originally Posted by impolyt_one View Post

I think the better question to be posed would be 'exactly how much money would I need, at the bare minimum, to be 100% styleforum approved?'

youre not SF-approved until you're off the salary
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post #36 of 263
8/29/11 at 12:18pm
Quote:
Originally Posted by Trompe le Monde View Post


youre not SF-approved until you're off the salary

+1

Unfortunately. Even us highly compensated wage slaves are still just wage slaves. Our resources could never compare to those who have either had their own independent business success or who came by their financial security the 'old fashioned way' - inheritance.
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post #37 of 263
8/29/11 at 1:20pm

All depends on your allowance for toys. 

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post #38 of 263
8/29/11 at 1:22pm

Anyone who comes to StyleForum to seek validation through the forum's approval has deeper problems than "not enough money."

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post #39 of 263
8/29/11 at 1:32pm
Quote:
Originally Posted by Adarael View Post

Anyone who comes to StyleForum to seek validation through the forum's approval has deeper problems than "not enough money."


lurk moar crackup[1].gif
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post #40 of 263
8/29/11 at 1:34pm
Another thing to consider is that those who will have more need for nice suits will also more likely live in major urban areas. You can do a lot of commuting in Chicago for $150 per month, whereas a modest car budget in the suburbs would easily be $500+.
Quote:
Originally Posted by Beatlegeuse View Post

I'm in the $50K-$100K bucket, with no kids, and I would never dream of spending $3K on a suit. And I'm on SF, so imagine most of the population out there that isn't on here...no chance they are spending anywhere near that amount if they're in the same bucket as me. However, I will spend $600 on cordovan shoes, so I guess it's all relative and depends where your priorities are. I wear shoes (every day, duh) a lot more than I wear suits (maybe once or twice a month), so I'm willing to spend a larger % of my income on purchases that really matter to me.

I'm in this bucket as well, single, no kids, not a ton of debt... and I agree 100% that a $3k suit is not on the horizon for me. Another thing to note is that I am in a position where suits are seldom required. A solid 99.9% of the time I can wear a sport coat and trousers, so I might be willing to spend $500-1000 on a sport coat, but I will get some mileage out of it.
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post #41 of 263
8/29/11 at 1:40pm

 

Quote:
Originally Posted by Beatlegeuse View Post
lurk moar crackup[1].gif


 

All lulz aside, just because many people fall prey to an illness does not mean it is still not an illness. wink.gif
 

 

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post #42 of 263
8/29/11 at 1:47pm
Quote:
Originally Posted by Quadcammer View Post


You think people earning $25k per year can afford $1k to $2k suits.

Thats a full month's income.

I say:

Under 25K> $300 suits
$25k-$50k> $500 suits
$50k-$100k> $800-$1000 suits
$100k-$150k> $1k to $2k
$150k+ $2k+

This assumes things like living expenses are commensurate with income. Obviously someone who scrimps on other stuff to buy a nicer suit could afford more.

While I tend to agree with this breakdown the most, it places W.W. Chan customers firmly in the realms of six-digit salaries. I wonder if that's really true of all the Chan followers on SF.
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post #43 of 263
8/29/11 at 1:51pm
Quote:
Originally Posted by woolnotmutton View Post

Did you know only 35% of Americans have savings to last them 3x month of rent? 


I think that's kinda shocking.
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post #44 of 263
8/29/11 at 1:58pm
Quote:
Originally Posted by Adarael View Post

 


 

All lulz aside, just because many people fall prey to an illness does not mean it is still not an illness. " id="yui_3_3_0_8_131465007559015" rel="http://files.styleforum.net/images/smilies/wink.gif">wink.gif
 

 


yeah I agree 100% fistbump.gif
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post #45 of 263
8/29/11 at 2:32pm
Quote:
Originally Posted by woolnotmutton View Post

Unless you go Bespoke, anyone making above $50k (without a family or 2x income family) can afford a $3k+ suit once in a while.


dude, what?

Lets say someone makes $60k, so $5k a month. Take out taxes, a little for health insurance and some 401(k), and you're basically in the $3,500 take home. I consider once in a while to be about twice a year. Thats near as makes no difference, 2 whole months salary on 2 suits.

no.
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