I definitely agree with that. I was told wise knowledge by someone a long time ago to have a security blanket of funds, to only buy in full, to not own a credit card (due to debt) and to have a husband who provides for you.
At what income level did you begin buying VCA?
- Thread starter GlamarousBarbie
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I definitely appreciate everyone’s advice, it is so difficult navigating finances at 23, especially when you love luxury! Haha.
Provider husbands are not a lifetime guarantee. Make sure you can stand on your own two feet.
THIS!. My grandmother has always instilled this in my head...to make my own way in life and to never have to rely on anyone to survive. She was a strong willed, financially successful single Mom...somewhat of a rarity back in the 60's and 70's.
At what income level?
One could probably buy a simple pendant by saving up as a student or someone entering the work force
But there are plenty of 1 % and up who wouldn’t buy a liane or buton d’or piece. . .
It really depends on one’s income, priorities, and desires.
On TPF, I assume there are people who buy VCA at many different income levels
One could probably buy a simple pendant by saving up as a student or someone entering the work force
But there are plenty of 1 % and up who wouldn’t buy a liane or buton d’or piece. . .
It really depends on one’s income, priorities, and desires.
On TPF, I assume there are people who buy VCA at many different income levels
Also be knowledgeable about the laws of your state, community property or not, and how the assets are held or split and what assets were brought into the marriage, so you can know what happens if you do not stay married. And even if you did, be aware of the estate plan. These things should be decided upon as a married couple.
Yeah, marriage will do a lot with finances. I wonder if jewelry is classed as estate? Probably a dumb question but I’m definitely wondering.
As far as no cc because of debt, in certain locations having a long/good credit history is very important .
Most importantly, can you pay all the bills on your own if your spouse can't? And if not , what's the plan?
Most importantly, can you pay all the bills on your own if your spouse can't? And if not , what's the plan?
In the U.S., you will want to have a credit history. That includes credit cards.
Under circumstances they are gifts and in different situations it depends on whether joint/commingled funds were used to make the purchase. Speak with your attorney and tax advisor to get the correct answer for your situation.
Correct, it’s interesting that in the US, debt is needed to get anywhere. Paying off your debt is proving to banking companies that you are trusted enough to have a higher credit score, it’s so weird to me but it’s the banking game we have to play unfortunately.
I started VCA when my monthly income exceeded the cost of the VCA piece I liked, and that's when I turned 40.
I don't have a lot of VCA targets. Just a 10-motif blue agate to connect to my bracelet so I can wear it as a necklace, and another 5-motif so that I have a bracelet when I have a necklace.
I aspire to have some mystery set high jewelry brooch, and maybe a zip necklace, but those will come when I become a multimillionaire someday (✨manifesting✨)
I don't have a lot of VCA targets. Just a 10-motif blue agate to connect to my bracelet so I can wear it as a necklace, and another 5-motif so that I have a bracelet when I have a necklace.
I aspire to have some mystery set high jewelry brooch, and maybe a zip necklace, but those will come when I become a multimillionaire someday (✨manifesting✨)
I have this general rule that the most I’ll spend on a piece (and it has to be a special occasion like a birthday) is a months worth of income. It gives you time to put money away for the item, have savings and teach you discipline as you’ve waited many months to a year.
The zip necklace is a dream! My dream for when I’m a multimillionaire is having a custom set like… A 20 motif Alhambra rose gold and pink mother of pearl necklace which interchanges with diamonds, a matching bracelet, ring AND 2 motif earrings. That is just an absolute dream for me.