This original article was first published here: For the Love of Fashion or Money – How Modern Men Can Have Both
Conventional wisdom shows that you need to spend a lot of cash in order to remain dapper looking, while continually adding to your fashion collection. The reality is that it costs a good amount of cash to have a well-rounded collection of fashion-forward clothes. In fact, high-quality men’s fashion can be really expensive, especially if you have high-quality, timeless pieces. This guide will enlighten you on how you can keep dabbling in your love of fashion, all while saving a buck, investing well, and having a nice amount of money for your future fashion plans.
Why All Fashionable Men Need a Budget
You can technically spend every spare cent you’ve got on new clothes every pay period, and if you are interested in fashion, that might seem to be a good idea. After all, adding new pieces to your wardrobe will surely leave you looking sharp. At the same time, if you spend all of your money mindlessly on clothes, there will always be designers, pieces, and future plans that remain out of reach. You need a budget, so you know how much you can really spend on clothing at any given time. If you see something that you really want to buy and you have exhausted your budget, then you will wait until the next time you have money left over in your budget.
Taking Your Money and Making it Work for You
Sometimes a major fashion budget can set a man back thousands of dollars. Tailored suits, luxury designer pieces, and even vintage wares can have a very hefty price tag. Coinbase crypto exchange Canada is a platform that enables fashion lovers to invest in a number of different cryptocurrencies. Safely invest in Bitcoin, Litecoin, or even newer cryptocurrencies, and keep your money safe from hacking attempts. If you don’t already know how cryptocurrency works and how you should be safeguarding your investments, now is the best time to familiarise yourself.
Protecting Your Fashion Collection and Nest Egg Against Inflation, Recession, and Financial Crisis
While you can always just keep your money saved under a mattress, most people realise that there are safer and better-recommended ways to guard against financial loss. Whatever you don’t spend on fashion should be calculated and then placed somewhere out of reach. For you, that could mean a retirement account, invested in cryptocurrency and saved in a secure wallet, or in a regular savings account. Financial regulations in Canada require you to account for all of your investments, so remember to consult with a tax consultant.
If you want to continue wearing the newest trends, then you will need to ensure that your budget is set upright. A lot of men know what kinds of styles look best on them, and they are seldom cheap. Being able to keep adding to your collection will keep you looking great, but knowing that you can afford what you are wearing is truly the cherry on top of the sundae. Learn how to dress better while keeping your finances secure.
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