Stefanie Sigurdson

You’re Not Going to Remember the Tag on Your Shirt for the Rest of Your Life

Moneyutility I was talking to my friend tonight about making four-figure retail purchases today and both of us just can’t do it. Economic theory says that as you make more money, you will get less out of spending it. So, the idea is that when you are a broke student, the $29 shirt is a luxury but when you make more, you need to spend more to get that same amount of joy. The next thing you know, says the theory, you are making 4-figure purchases.

But, my friend and I disagree. It’s true that "it is your money or your life"… I spend so much of my time at work, getting to-and-from work and building my skills to make sure I am relevant at work. If the only thing I got out of it at the end of the day was a fancy outfit (even worse if it is for work!) I would not be happy. I would prefer to give money to charity (imagine what they could do with microcredit with my $1000)… or at least spend it on an interest (building my wall of books, or music collection – supporting the artists that made them) or on a big trip.

Because, really, at the end of the day what am I going to remember? The entrepreneurs I contributed to in Bangladesh, the great literature I read, the one-month trip to Vietnam… or the tag I had on my shirt back in 2007?

    • Mac
    • April 10th, 2007

    Amen to that, sister. Amen!

  1. You made a one month trip to Vietnam? I am both extremely envious and inspired by that.

    Have you read “Catfish and Mandala”? It is a Vietnamese-American’s memoir of his bicycle trip through Vietnam. I plan to write about it once I finish reading..

  2. I would love to read that book! Thanks for the tip! I haven’t gone on my trip yet – but it is planned within the next year :) .

  3. I am the friend with whom Stef had that conversation. Say no to Harry Rosen! Say yes to doing something more artful or compassionate with your money! Ok, I’ve said my piece…:).

    • Vren Bker
    • April 30th, 2007

    I came in from NetChick after your comment recently.

    Check this out: http://kiva.org

    Now…. think about what that $29 could be. :)

  4. No kidding – great site… thanks for the link!

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