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A week's pay after taxes sounds like about the most I ever spend on clothes in a given month. I'm in an entry-level position though, and there's no reason to think that my clothing budget will increase in direct relation to my salary.
I'd be willing to bet that if you surveyed people who buy $1000 shoes, they're more likely to make $60,000/year than $200,000/year.
I'd be willing to bet that if you surveyed people who buy $1000 shoes, they're more likely to make $60,000/year than $200,000/year.
I'd be willing to bet that if you surveyed people who buy $1000 shoes, they're more likely to make $60,000/year than $200,000/year.
i also live at home, so overheads are very little, i have no family to support. i save and i dont go out drinking very often (you'd be surprised how much you save when you dont drink!)
That said, I think there's nothing unreasonable about what he's doing - if he's not going into debt, saving, say, his Christmas money along with whatever he can per month, and so on, it seems pretty likely he could amass that much. Lots of kids do it for cars or computers, no reason for clothing to be any different if that happens to be your particular hobby. And yes, it's amazing how much you save when you don't drink! Noticed that markedly when I went to law school and more or less cut back on drinking.
I define afforid by being able to perchase something and pay it off at once or be able to pay it off once the bill comes in. Lik when I go clothes shopping I try and use cash, and if I use my visa I never buy more then I will be able to pay off once the bill comes around.
I don't question whether it's possible, only whether it's wise. Some reasons: