The Price Is Right: What should you pay for the stuff you buy for your home?
You know the game show “The Price Is Right?” I used to love that show. But when evaluating a fair price for the stuff we buy for our homes isn’t easy. The options are endless and the prices are all over the place. In this episode of Slow Style Home I dive into the concept of value and how it affects our spending decisions when it comes to our homes. As someone who is often seen as budget-focused, I want to clarify that being budget-conscious doesn't mean always going for the cheapest option. Instead, I believe in being realistic about what we can afford and understanding our own criteria for assigning value to things. In this episode I outline three key aspects of the slow style philosophy: using what we have creatively, how to do a little research before making purchases, and investing in high-quality, long-lasting items. By applying these principles, we can make mindful choices that reflect our personal style and financial situation.
In this episode, you will be able to:
Discover how to make value-based spending decisions for your home that align with your priorities.
Learn the factors to consider when determining the worth of something, so you can make informed purchasing decisions.
Understand the importance of determining your own criteria for assigning value, to ensure your choices align with your values and goals.
Embrace the slow style philosophy of "using what you already have," and explore creative ways to repurpose and reuse items in your home.
Explore the benefits of research and buying the best you can afford, to invest in quality items that will stand the test of time.
Explore the value of valuing quality, sustainability, and fair labor practices in your consumer choices, and make informed decisions that align with your values.
“Commit to your purchases by taking the time to find the perfect piece that aligns with your vision and needs. Slow style means making intentional decisions based on your own values rather than impulsively buying based on price tags. -
”
Links mentioned in this episode:
Article on how to evaluate the quality of bed sheets:
https://www.nytimes.com/wirecutter/blog/good-thread-count-for-sheets/
Roger + Chris (short video and other articles right on the homepage):
https://www.rogerandchris.com/
Key Takeaways
When using design as an entry point to self-discovery, I find myself thinking about the intrinsic worth of the pieces that adorn our living spaces.
The Importance of Aligning Value with Spending Decisions
It’s not merely about the affordability of an item but rather the profound considerations of longevity, craftsmanship, and sentimental attachment that define its authentic value. Understanding the origins and craftsmanship behind each item has empowered me to make informed decisions that align with my ethical beliefs and prioritize durability over fleeting trends.
Navigating the True Cost of Items: Embracing Objects Over Products
For me, transitioning from the dopamine hit of quick, cheap mass-produced products to the allure of handcrafted objects has illuminated a new perspective on the genuine worth of possessions. By emphasizing the purchase of high-quality, one-of-a-kind artifacts, I have not only enriched my living space aesthetically but also cultivated a deeper sense of appreciation for the craftsmanship and artistry imbued in each piece. I feel personal attachments to the things in my home rather than having a transactional relationship with them.
Embracing the Slow Style Approach
I always recommend starting with what you already have. Repurposing and creatively reimagining existing possessions, not only is a more sustainable approach but also allows me time to figure out what my true needs are, practically and aesthetically.
What Not to Do:
1. Impulse Buying: Succumbing to the temptation of impulse buying can lead to hasty decisions and regrets later on. It's important to resist the urge to make impulsive purchases based solely on a sale or a passing trend.
2. Disregarding Quality: Prioritizing price over quality may result in frequent replacements and ultimately higher costs in the long run. Skimping on quality for the sake of immediate savings can compromise the longevity and satisfaction derived from an item.
What to Do Instead:
1. Create a Wishlist: Take the time to curate a wishlist of items you truly love and align with your design vision. By identifying specific pieces that bring joy and value to your space, you can make intentional and meaningful purchases.
2. Set a Budget and Stick to It: Establish a budget that accounts for your financial constraints while allowing room for investment in quality pieces. Stay disciplined in adhering to your budget and prioritize items that offer long-term value and satisfaction.
TIPS TO GET STARTED
Look around your home and see if there are any items you can repurpose or use in a different way instead of buying something new. For example, use a stool as a side table or a bedsheet as a tablecloth.
When considering purchasing a new item, take the time to research and understand its value. Look into the materials used, the manufacturing process, and the story behind the product. Consider supporting artisans or companies that align with your values.
Prioritize quality over price. Instead of going for the cheapest option, think about the longevity and durability of the item. Will it last for years to come or will you have to replace it soon? Invest in well-made pieces that will stand the test of time.
Don't get swayed by sales and discounts. While it can be tempting to buy something just because it's on sale, take a step back and evaluate if it truly aligns with your vision and needs. Don't let the price tag be the sole determinant of value.
Take your time when making purchasing decisions. Living with a placeholder or temporary solution can help you better understand what you truly want and need and gives you the opportunity to find something unique and unexpected.
Timestamped summary of this episode
00:00:00 - Introduction to the Value of Money:
Zandra introduces the topic of money and its importance in making purchasing decisions for furniture and home decor. She emphasizes the need to consider personal criteria for assigning value to items and the importance of knowing what something is worth to oneself.
00:02:28 - Social Factors Influencing Money Decisions:
Zandra discusses how our social circle and extended family can influence our perception of money and what we should spend it on. She highlights the importance of understanding that we don't truly know what others are spending or their financial situations.
00:04:28 - Factors to Consider When Assigning Value:
Zandra explores various factors to consider when determining the value of an item, such as longevity, who made it, how it was manufactured, and the materials used. She emphasizes the importance of placing value on these factors rather than solely focusing on price.
00:06:24 - The Pervasive Influence of Sales and Bargains:
Zandra discusses our cultural obsession with sales and bargains can have a self-defeating influence our purchasing decisions. She encourages listeners to be smart consumers by understanding their own criteria for value and doing research before making a purchase.
00:08:33 - Using What You Already Have and Understanding Your Needs:
Zandra emphasizes the importance of using what you already have in your home and finding creative solutions before rushing to buy something new. She also discusses the distinction between needs and wants and how to evaluate the worth of something based on personal criteria.
00:15:05 - Making Informed Purchases:
Learn how to make the most of your money by considering factors like the environment and fair labor wages. Research and compare prices, focusing on companies that prioritize sustainability and ethics.
00:16:18 - Researching Ethical Companies:
Big retailers often provide limited information about their products, so start your research by googling keywords like "environmentally friendly made sofas" or "couches made exclusively in the US." Companies that value these factors will prominently display their commitment on their websites.
00:17:34 - Roger & Chris, A Sustainable Furniture Company:
Roger and Chris is a company that designs, makes, and sells chairs and sofas. They prioritize quality, education, and customization. Visit their website to explore their products and consider how you value factors like sustainability and economic justice.
00:19:31 - Placing Value on Furniture:
Think about style, comfort, customization, and other factors you value. Then, visit their website, make your guess, and see if your perception aligns with the actual cost.
00:21:39 - Valuing Rugs:
Rugs are often undervalued in terms of their cost and importance. Consider the size, durability, and production process when purchasing a rug. Don't underestimate the impact a rug can have on the look and feel of a room.