So it sounds like my last budget seems to have ruffled quite a few feathers, not to mention warranting others to choke on the fact that I spent $7000 in “Wardrobe” alone last month.
Long story short:
I really couldn’t care what anyone thinks.
The money is in MY bank account.
I earned it, and I can save and spend it however I want to.
The long story if you are interested:
I get that my income is way higher than most people, but I need to point out 3 things:
- I don’t work year around all the time; it is highly unusual. I normally have contracts for 3 months at a time and some years I haven’t worked at all.
- My income for the past month has been unusual as well as it has been some crazy overtime at the sacrifice of my personal life and my family life. It is not all roses and rainbows here.
- A lot of what I bought, will end up getting returned; more than likely, as The Asian Pear pointed out, even if I return NONE of it, I only spent 16% of my income for that month alone, or less than 3% of my gross income for the year….
She is not wrong, by the way.
I have been returning quite a lot of what I bought in that month alone (a lot of it was “Style Shopper” reviews, multiple sizes of the same thing, different colours), and you’ll see that reflected in December’s budget.
…..then once in a while you get people making rather ignorant comments like this, which I completely understand is out of pure jealousy (yeah I’m calling it like it is):
(LOL.. Anon. Of course. You do know that no one is truly Anonymous on the internet right? Just saying.)
To which I say the following:
1. I will never apologize for the income I make
In fact, I should be making more but I went a little low on my hourly rate this time; a mistake I shall not repeat the second time around.
I make what I make.
What do you want me to do?
Apologize for it?
Beg for your forgiveness that in a month with overtime I can make someone’s average yearly salary?
I will never, EVER apologize for what I make.
….and I will never, EVER feel guilty about it either.
I know that it was partly luck I was born in my family, in the time I was born in, to graduate when I did, and to join a company when I did to learn what I know.
…. but along with others helping me, I too also had something to do with all of that success as well.
It hasn’t been handed to me on a silver platter, and I am damn good at what I do because I am passionate about it, I care, I work hard for it, I studied for it, and I have the aptitude/knack for what I do which I can recognize is not something everyone has.
It just happened to also be a lucky coincidence I found my perfect career early on rather than later in life not to mention the financial risks I took while I was deep in student debt to become a freelancer to make the kind of income I currently make.
Lastly, I have also saved a hell of a lot of money, so yes, I spent $7000 on paper on clothing but most of it is going to get returned…. so can we also look at my current net worth trajectory here from the past year?
That’s all SAVINGS.
In the black.
2. Why don’t you ask me what I donate to charity instead of assuming that I don’t?
You’re assuming I don’t donate anything.
Why don’t you assume I do donate money, and then (like some other readers), ask me how much I do, or what my rule is for donating to charities?
The reason why I don’t put it as part of my monthly budget is because I don’t donate on a monthly basis unless it is specific situation (e.g. Tsunami in Japan was one time I broke that rule, or when people solicit me at intersections to collect for the holidays like last week).
I donate at the end of the year once I obtain my gross income figures, and on that figure, I have a budget of 10% which I give away to causes of my choosing.
I have been giving to mostly research-based charities for cancer (a real killer in my family) in the past, but this year I would like to switch it to be more environment & children-based.
This is also why in my January roundups, you will see a massive drop in my net worth in the tens of thousands in some years.
Lastly, I also don’t like talking about it.
Charity is charity, it is for you to feel good that you are helping others with your own good fortune. It is not to talk about how much you gave away and to have people praise you for it.
I do it, I will say I do it, but who needs to know the numbers to feel good about reading this blog?
Does it change your opinion about me whether I give privately or publicly?
3. I like spending MY money
I am not a Grinch.
I like spending MY money.
You know what else I also do? I also spend it on others I care about in my life.
What’s it to you if I have expensive tastes in footwear and enjoy wearing a few, extremely expensive great pairs of heels at work rather than buying 2 pairs of cheap plastic or leather heels every 2 weeks just because they’re only $30?
I am trying to move towards the idea of luxe minimalism in my wardrobe, and that costs $$$$$.
It costs $$$$ to try very hard not to buy from countries touting cheap labour (although a reader astutely pointed out once that while we may want to avoid buying from sweatshops, some people in that country pray for such sweatshops so that they have SOME work, any way to make a living..); and it costs a lot of money to buy quality items (although money is not a 100% indicator of good quality).
Next year, I am going to have to figure out a way to nip this in the bud in the sense that I have to think about permanently only buying items secondhand unless it is underwear or heels, and/or truly forcing myself to stop spending for a year, and to save that unspent cash aside to see how much I would have saved.
All thoughts I am batting around in my head right now, but hey.. I need to germinate on them.
The bottom line in all of this is:
It is my money.