Anonymous wrote:Anonymous wrote:Here you go, OP. Maybe you can find her the one she wants (or likes enough) on sale or in the "authentic, pre-loved" department of an online liquidator or consigner:
https://www.gilt.com/search/?q=chanel+handbag&dsi=SRQ-1972505983--4b6fe649-ca94-4aad-9eac-5693aa0cbb09&lsi=94dd9c10-3f14-4e7c-a4fb-4880643d0b80
Interesting. That’s an option.
I really love her. She does a great job taking care of our kids. I want her to be happy.
Anonymous wrote:Anonymous wrote:S/O question - what is the minimum HHI/NW/working situation that would allow the purchase of this handbag or another big unnecessary item?
I have a high HHI/high NW and still have a lot of guilt about spending $ on myself, which is a personal hang-up. Always nice to know what amount would red-light it.
I think this is impossible to answer Everyone spends money on frivolous things. I know some people that prefer to live in a small simple house, no car, no vacations, so that they can wear designer clothes because that brings them joy. Some people might spend 8K on a vacation, or towards a more expensive car or they like to go to concerts or whatever. I think what’s important is to decide your budget for frivolities and then decide which frivolities bring you most joy.
The problem with OP’s situation is that it reads like this is probably just one of a list that also probably includes designer clothes, a nice car, vacations. He should sit down with her and decide what they can cut from their budget to afford an 8K purse. Maybe she wants to skip vacation this year, or can commit to buying no new clothes for herself for the rest of the year, or they can reallocate their dinner out budget. But it sounds like this expensive is about 5% of their after tax income so should not be spent thoughtlessly.
Anonymous wrote:Anonymous wrote:OP here.
This is not a milestone birthday. She is turning 34. I’m 32.
Our kids are 3 and 5. After our second child was born, we decided she will stay home until both kids start school.
I’m the sole breadwinner. HHI is $250k.
We have a mortgage but our cars are paid off.
We only started funding our 529s last year.
Our net worth is approximately $700k including home equity.
I don’t think we can afford to spend $8k on a handbag.
I believe she is being influenced by some of her friends.
She said that if I don't get her that handbag, she'll just buy it herself and remember that I'm a worthless husband.
With these stats it’s insane to buy an $8k bag. She needs to dial it down to a Coach bag.
Anonymous wrote:Anonymous wrote:OP here.
This is not a milestone birthday. She is turning 34. I’m 32.
Our kids are 3 and 5. After our second child was born, we decided she will stay home until both kids start school.
I’m the sole breadwinner. HHI is $250k.
We have a mortgage but our cars are paid off.
We only started funding our 529s last year.
Our net worth is approximately $700k including home equity.
I don’t think we can afford to spend $8k on a handbag.
I believe she is being influenced by some of her friends.
She said that if I don't get her that handbag, she'll just buy it herself and remember that I'm a worthless husband.
With these stats it’s insane to buy an $8k bag. She needs to dial it down to a Coach bag.
Anonymous wrote:My wife's birthday is coming up.
She told me that she wants a Chanel handbag for her birthday. I checked the price, and it was $8,000. I'm shocked! $8,000 for a handbag? That's crazy. Is she crazy?
I told her it's silly to spend so much money on a handbag.
She is insisting on a Chanel handbag and says it's an investment.
She doesn’t want anything else.
I love her and want to make her happy, but I can't justify spending $8k on a handbag. It’s a lot of money.
She is a SAHM. We have 2 children.
Any advice?
Anonymous wrote:OP here.
This is not a milestone birthday. She is turning 34. I’m 32.
Our kids are 3 and 5. After our second child was born, we decided she will stay home until both kids start school.
I’m the sole breadwinner. HHI is $250k.
We have a mortgage but our cars are paid off.
We only started funding our 529s last year.
Our net worth is approximately $700k including home equity.
I don’t think we can afford to spend $8k on a handbag.
I believe she is being influenced by some of her friends.
She said that if I don't get her that handbag, she'll just buy it herself and remember that I'm a worthless husband.
Anonymous wrote:Anonymous wrote:S/O question - what is the minimum HHI/NW/working situation that would allow the purchase of this handbag or another big unnecessary item?
I have a high HHI/high NW and still have a lot of guilt about spending $ on myself, which is a personal hang-up. Always nice to know what amount would red-light it.
HHI of $1m, NW of ~12m. I have one LV that was $4k because I bought it in Europe where they are cheaper and you get the VAT back. Nothing else over $1k.
Everyone is different.
Anonymous wrote:Anonymous wrote:Anonymous wrote:That is incredibly stupid and I have a 48k wedding ring.
48k is not that much. Mine was 200k, custom made, large mined natural diamond.
That's nothing. Mine was over $1m. It's pink diamond, triple excellent cut. I love it.
Anonymous wrote:S/O question - what is the minimum HHI/NW/working situation that would allow the purchase of this handbag or another big unnecessary item?
I have a high HHI/high NW and still have a lot of guilt about spending $ on myself, which is a personal hang-up. Always nice to know what amount would red-light it.