Tuesday, October 14, 2014

Thrifty chic challenge: Day #2

Today's post is going to be pretty quick, but I figured no one would mind! Plus, I got better things to do, like shop for a certain little person's 8th birthday! What? I never said I couldn't shop for others!!! If you have never been to The Cat's Meow in Reidsville, you should go. Not to be confused with The Cat's Cradle, a great spot, but for altogether other reasons. Before I start having college flashbacks, here is today's deal...

Yes, my "two" lip syncing looks a lot like a duck face, but I was already late for work, so shoot me. 

Dress = $3.74

Jeggings = $0.00, I don't remember purchasing these, so if I borrowed them from you and never gave them back, please let me know in the comments section.

Scarves = $0.00, mom gave me the blue one and the yellow I won at a charity silent auction for $3.00, but that was a DONATION for "the kids" as my friend Amber would say. 

Boots = this is where things get tricky. I paid $18.99 for these boots three years ago. Applying some basic accounting depreciation principles, I say they are worth $4.10. 

Want to see the math? Based on a 5-year asset life, 100%/5 = 20% therefore 20% x 2 = 40% annual depreciation rate. Year 1 = $18.99 x 40% = $7.60. $18.99 - $7.60 = $11.39.
Year 2 = $11.39 x 40% = $4.56. $11.39 - $4.56 = $6.83.
Year 3 = $6.83 x 40% = $2.73. $6.83 - $2.73 = $4.10. 

Grand total = $7.84

I am not sure if my dad reads my blog, but he would be proud of my math skills. Someone tell him I am putting my MBA to use, please. 

Yes, I did all this, shopped for a birthday gift and stopped to get a coke and cheese stuffed pretzel on my lunch break. Boom. 

1 comment:

  1. This is awesome Dawn!! Keep it up! And I was totally impressed with your math skills.

    ReplyDelete