Have you ever asked yourself "Would I ever wear that again"? You're not alone...
It all started with a pair of Converse. I learned how to weigh the risk and reward by a simple math equation (finally math comes in handy).
If you've ever asked yourself "would I wear it again?" you need to know about PPW (Price Per Wear).
For example: A $50 pair of Converse you know you'd wear at least 10 times have a $5PPW. This means, for the amount of times you plan to wear them, they are costing you $5/wear - any 'wears' thereafter are pure profit!
PPW: COST divided by # of Wears = $/Wear
Converse: $50 divided by 10 wears = $5PPW.
A pair of pants that I'll wear for 2 years, 3x/week, is a steal for $400.
A Large Prada Tote (dream bag) retails for $2350. How often would I plan to use this bag? EVERYDAY for at least a year.
$2350 divided by 365 days = $6PPW
What about a dress for a theme party?
If a dress costs $400, and you know you'll never wear it again, the PPW is $400 (that's high).
WARNING: This is when you re-evalute your wardrobe.
TIP: Buy something that can revitalize a pre-existing outfit and be used again in the future.
For example: Pair an old dress with a cropped blazer or necklace. A blazer with a $10PPW is far more enticing than a dress with a $400PPW.
That being said, PPW should not be used in the following cases:
- A wedding dress
- The pants you bought two sizes too small in hopes of fitting into them
- A hat (hats are tricky - you never know...)
Stay tuned for my collaboration with Collection Eight on 'Fall Basics on a Budget'.