Ever since my mother took over my payments for my credit card debts, I was able to start saving money. Before she organized my finances, almost all of my salary went to those damn credit card companies and I just couldn’t catch up with fully paying for my old purchases. The interest were just too much. No wonder even some well-to-do folks file for bankruptcy. I haven’t found out what my mother did but I have a suspicion that she reimbursed the total of all my debts. I have to ask her one of these days.
Since I am now able to save, I am more careful with what I buy. That doesn’t mean that I only buy necessities but I try to make sure that what I buy are good investments. I’ll make yesterday’s purchase an example.
I don’t have many shoes. In fact, I should have bought a pair ages ago because some of the pairs I own are old and in bad shape. I noticed that an outlet store of Dr. Martens/Adidas/W. Brown was having a sale. I had some free time so I checked it out and found a pair of black Dr. Martens mary janes. It was on sale for 2,277 pesos from 3,000 something plus. Still expensive but from my previous experiences with that brand of shoes, they’re really tough and will last me for 5 years probably. Compared to a cheap China-made one which will keep its shape for 3 months, I think the Doc Martens is a better buy. Let’s say that a cheap mary janes cost around 400 pesos. In a year, I would have spent 1,600 pesos to replace them. There’s also the wasted time and effort shopping for shoes. Maybe trendier people will prefer this option since they can change style shoes every couple of months. In my case, I stick to what I like and have even gone through so many mary janes so I know I went get tired of wearing that pair.
I don’t know much about investing, finances, or whatever but I think my logic for this case is sound. Maybe somebody who’s having some financial difficulty might get something from my example.
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Tags: Advice credit cards debts mother shoes shopping
15 Comments
I don’t know much about investing either, so it all helps.
I don’t know much about investing either, so it all helps.
where is the outlet store located? i’ve been looking for a dr. martens outlet store in manila.
where is the outlet store located? i’ve been looking for a dr. martens outlet store in manila.
marc,
the one I went to is the one along Shaw Blvd, Mandaluyong. It’s the complex in front of the Petron station.
marc,
the one I went to is the one along Shaw Blvd, Mandaluyong. It’s the complex in front of the Petron station.
I’ve seen the map. Is it the one in front of Summit One Tower? I’ll go there and check it out. Thanks!
I’ve seen the map. Is it the one in front of Summit One Tower? I’ll go there and check it out. Thanks!
What I mean is it’s inside the Summit One Tower. Sorry. Hehe!
What I mean is it’s inside the Summit One Tower. Sorry. Hehe!
It’s not a tower. It’s a 1 level complex.
It’s not a tower. It’s a 1 level complex.
You are right about those credit card interests. It took me a long time to pay off my credit card debts
The interests were just too high (including the penalty charges if your payments are delayed). I used to have 2 credit cards. Now, i have none. Thank God.
Dude, veering away from the topic, may i ask what is the location of that DM’s oulet store you were talking about? When did you buy it? I’m really interested in having a pair, preferrably the black 1460 8-Eye Boot or the black Eclectic Shoreditch 7-Eye Boot. Hope to hear from you soon.
Matagal na. Like a decade ago. Wala nang DMs sa Pinas eh. You have to buy them abroad.