Happy Fiscal Femme Friday! We’re out to demystify the world of money and personal finance for YOU. Please share, pin, tweet, etc. whatever moves you so that we can inspire and support a new conversation and language around money together. I can’t wait to hear what you have to say!
5 MINUTE FINANCIAL BLISS TIP: Set aside a small pool of money to start investing. Many think that investing is just for millionaires and Wall Street but that could not be farther from the truth. As with many things, it’s so much more important to get started than to be perfect. We learn by doing so check out the Fiscal Femme’s investing articles or sign up for the Savvy Investor course and get your earn on! Early bird pricing for the Savvy Investor course ends Monday!
FABULOUSLY FRUGAL: Join the bring your lunch to work campaign and save big 5 days a week. A $10 savings 5x a week for 52 weeks is $2,600 a year! For a fab frugal win-win, you can start a lunch club like Fiscal Femme reader Emily Robota, where one person brings lunch for the group of 4-6 people each week. It saves money and time and is fun and social! The meals are also fresh and healthy and you get to try new things. Thanks for the great idea Emily!
LESSON LEARNED: I’ve only recently learned the true value of owning a high-quality versatile wardrobe and it’s all thanks to the wonderful, beautiful and talented, Rachel Levin. One question I never have asked myself when shopping is “what will this work with that I already have?” I own and purchase way too many things that work with one thing only and I can hardly wear them! Not only does this mean I need to buy more items, it also takes me a long time to figure out what works in my closet each day when I get dressed. Rachel recommends quality staples that go with almost everything in my closet. I can now mix and match almost everything which gives me so many more options but with far fewer items. It’s just plain math! Less items in total and less items to replace because they last longer.
MONEY INSPIRATION: You might have met Rachel of Rachel Levin Style when I interviewed her almost a year ago. She taught us the surprising way to save money on clothes. I recently experienced all of her advice firsthand when she did a closet consultation with me and then took me shopping. It was the most fun and pampering shopping experience of my life (and I don’t even like to shop.)!
First, she went through everything in my closet and we talked about maximizing what I have as well as the holes I need to fill in my wardrobe. We then went shopping to fill those holes and Rachel does all of the hard parts for you. She goes to stores in advance and pulls items for you so that they are there waiting for you to try on. All that’s left for you to do is try them on and decide. Also, Rachel is an independent stylist so she’s completely objective and there’s absolutely no pressure to buy anything. You can buy your closet staples on your own timeline.
In our interview last year Rachel talked about the 80 / 20 rule when it comes to our clothes. We typically only wear 20% of what’s in our closet. After meeting with Rachel, I found it easy to let go of that 80% I wasn’t wearing which has been hugely liberating and makes my morning choices so much simpler!
Needless to say, I’m a huge fan of Rachel and her amazing business! I hope you enjoy our interview as this week’s money inspiration.
What’s your #1 Frugal Joy?
Shopping on The Real Real designer clothing at a great price that has never been worn. You can search for your favorite designers and add “w/tags” to snag amazing deals on prior season and vintage pieces.
Do You have a ‘Money Motto?
Save some, spend some, give some.
Best money advice you ever got?
Stop using credit cards and switch to cash for weekly expenditures – like groceries, lunches, and manicures. You become more mindful of what you are spending when you physically count out the cash.
Where can we find you on a Saturday night?
Entertaining at home- my husband cooks dinner sourced from our local Farmers Market and I make cocktails. We get to visit with friends, be creative with the menus, and save money by eating in.
What are you most excited about right now?
Completing phase one of renovations on our new property and having money to travel again!
How can people connect with you?
My clients prefer phone, text, or email – I am happy to communicate anyway that works best for them! All my contact information is listed below.
Here’s how you can reach Rachel:
DON’T MISS: Don’t miss out on the early bird pricing for the Savvy Investor course which saves you $150+ on the cost of the program! That’s $150 dollars that can get you started investing. If you are ready to learn a money skill that will earn you thousands, if not millions over the course of your lifetime, sign up today! I’ll have you investing confidently and competently in just 3 months or I’ll give you all of your money back.