Wed, Mar 10 2010 | Published in Fashionista Finance, Recent Posts

Fashionista Finance: Why the Recession May Be Good For Us

By: Danielle

America needed a wake up call for our love of lavish lifestyles many of us couldn’t afford but still sought after with the help of exotic lending options available to anyone with a signature and a pulse. During the high times of lending even if you had a 550 credit score somehow, some way a loan officer could get you a mortgage even if it cost you an interest rate that mirrored your shoe size times two. And we all know what goes up, must come down. And down is about where we’re at now.

Chances are if you’re reading this you had to make some major changes to the way you spend. Perhaps you had to cut down on taking vacations because you haven’t had a raise in over two years. Or maybe you now work two jobs just to put food on your family’s table. Or what if you have no job at all.

Then there’s the unthinkable—what if you had to forgo your beauty upkeep or had no room in the budget for new clothes?

(Joking)

Now when we do turn around from this, do you think any of us now used to a lifestyle of penny pinching will go back to whoring out our debit and credit cards to every Neiman, Nordstrom, and Macy’s?

Hopefully we would have learned our lesson by then. I hear that at one point in history, Americans were actually able to live without credit and on a single income. Imagine that!

P.S. Don’t forget to enter the FSL Cosmetics Lipgloss Giveaway! Entries must be in by TOMORROW Thursday, March 11, 2010

About Danielle

28 year old banker, Image Consultant, Makeup Artist, and President of Urban Glamour, LLC. Trained by the best at NYC's Fashion Institute of Technology, I enjoy bringing out the FIERCE in everyone through personalized thorough image consultations. Think of me as your style and beauty entourage all wrapped up into one bubbly brown package :) Though my professional career began (and still is) in Finance, I have had the honor and privilege of working backstage at NYC Fashion Week shows like Karen Walker, Jayson Brunsdon, Sabyaschi, and Bridal Market Week for Vera Wang. You can also find me running around photo shoots doing makeup and styling. If you have a style or beauty question, contact me. Your question could be featured on the site!
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