Good for you, Dailey. I wish I had your self-control. :-)
I know lots of you guys to similar things and I think it's a really good idea to a.) get some control and b.) make purchasing more exciting and aspirational (i.e, if you have to work/wait for things they always feel better)
So my new budgeting system is to set a £75.00 ($115) budget per month for fragrances and no exceptions. I cannot go over this amount! If I only spend £25.00 in one month, £50 gets rolled over to the next month, giving me a total of £125.00. I have drawn up a spread sheet with my 10 most wanted fragrances in order of when I want to buy them, along with the price. The sheet is all formulated so that I can see how long I have to wait to get what I want. Some months I cannot buy anything as £75.00 won't cover it and therefore I have to wait 2 months for some of the frags I want.
For me this is really important, because whilst I have not compromised anything to buy my frags, I do have a wife, 2 kids, a mortgage, 2 cars etc etc, so I need to pull the reigns in a bit. I am by nature a very impulsive and 'All or nothing' person and get carried away wanting everything NOW! In the 6 months that I have been collecting I have bought (imo) too many fragrances and have sold a lot that I blind bought and ended up not liking. I currently have 38 full bottles and I am comfortable with that, but I see myself as not wanting to ever go over 50. My rule is to not have any fragrance that is less than 8/10 in my collection and I can say that all 38 that I have kept are at least an 8/10. Being that I do not intend to blind buy and more and have started to sample instead, this should be much easier to stick to
Thanks for reading my ramblings :-)
Last edited by Dailey; 5th April 2013 at 05:15 PM.
Good for you, Dailey. I wish I had your self-control. :-)
Current Top Favorites:
1) Portrait of a Lady original formula (EdP Frédéric Malle)
2) Giorgio for Men vintage/V.I.P. for Men (Giorgio Beverly Hills)
3) Dia Man vintage edt (Amouage)
4) Anat Fritz Original Formula and Classical (Anat Fritz) - tie
4) Lalfeorosa (O'driù) - tie
6) Les Nombres d'Or Vetyver (Mona di Orio)
7) Captain vintage (Molyneux)
8) Tzora (Anat Fritz)
9) Javanese Patchouli (Zegna) - tie
9) Monsieur de Givenchy vintage (Givenchy) - tie
9) Coeur de Vetiver Sacré (L'Artisan) - tie
9) X for Men (Clive Christian) - tie
9) Patou pour Homme Privé (Jean Patou) - tie
9) Oud Shamash (The Different Company) - tie
I knew this was coming up!
When I replied to you in an other thread stating I bought my 40 bottles in 15 years... well I have to give you some more info!
Years and years ago I only had Le Male and A*Men. Then when One Million came out I bought it too. So 40 - 3 = 37.
From the 37 bottles I got 5 as a present.
Well... I end up buying about 30 bottles in 6 months!
Sometimes I say it's too much... but then I end up saying that I only live once and that I could do a lot worse with that money!
Still threads like this are useful... from time to time... ;-)
Good luck buddy!!!
Quite a good and efficient system, in my opinion, also quite easy to apply on a fixed budget and/or in the case of fixed monthly amounts, almost irrespective of the actual value of these amounts.
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Good plan. I had to give up my other hobby due to a bad back (golf). Don't drink, don't smoke, two kids, two cars, mortgage, etc.
I like nice clothes, but I try to buy everything at big discounts.
I'm a CEO so I have to dress nice, but I also hate to just spend frivolously.
Cologne is really my only hobby. So I don't feel too bad about buying scents. I do sometimes try to sell one off to raise cash for purchases I intend to make. Just did it yesterday by selling a Prada Luna Rossa set to get cash to buy Sartorial. I try to keep my wardrobe at around 30 bottles so I use everything on a fairly regular basis.
I'm going to Charleston, SC in two weeks and I'm bound to buy a couple colognes while there. It's what I do!
Good system. Hope it works for you.
Very sensible plan, Dailey. l also resolved to keep my collection under 50 bottles, & l've managed to stick to that, by loosely imposing a "one in, one out" rule. So l try to only buy new bottles when l've either used one up or decided to sell it. l have recently gone just over 50, but there are a couple on the chopping block that need to go.
Love the OP's commitment. Would never work for me at least at this time in my life.
One of the things that I do is use credit wisely and cash in the rewards. I always always always end the month with a zero balance on my credit cards, but I use them for everything I buy, and the rewards points pile up. I'm pretty close to $90 in rewards on my Discover, which means I'll be able to trade $90 in rewards for a $100 gift card. Last year, I traded $45 rewards for a $50 gift card to Sephora, which means a 100ml bottle of Gucci Pour Homme II ended up only costing me $22 in real money, shipped.
This only works if you can maintain a zero balance of course. If you carry a balance on credit cards, you lose money in interest. But if you always pay off the card each month, there's no interest, which means they end up paying YOU to use their card.
Also: by using a credit card instead of a debit card for purchases, it's easier to track monthly spending. When I pay off the card at the end of each month, that's exactly how much I spent on stuff that month.
I know it's silly, but I look forward to cashing in those rewards. It feels like getting something for nothing.
"Follow your nose. It always knows." -- Toucan Sam
Sounds good. Makes sense. I went on sort of a two-year ocd binge and, thankfully, I get as much pleasure out of wearing as I do from the hunting and gathering phase.
iiii t thhhhii iinnkkk i''''mm gggggonnnnnaaa b b b beee fffiiiiine nn n nn nn nnnnotttt t bubububuyyyi ying annnyyyttthhiinngg fufuforrr nnnunu nunnowwww
Good for you Dailey,
where as for many of us basenoters, we adopt the system of buy-now-regret-later
AUSSIES, join our exclusive niche split club.
Amouage - Tribute, Homage and OPUS VII
Andy Tauer - Noontide Petals, Miriam and Loretta
HdP - Veni, Vidi, Vici and Rosam, Ambrarem, Petroleum
The Different Company - Oud Shamash, Oud for Love and Aurore Nomade
Guerlain - Sous Le Vent, Angélique Noire, Bois d'Armenie, Cruel Gardenia, Rose Barbare
and many more niches up for split...
Well, I have always liked fragrance but did not use regularly and did not own much. I also felt bad about spending without having used up. 1 had sort of 1 for 1 rule. Which was sort of difficult as I sometimes got bottles as a gift that I ended up not liking. And I ended up feeling obliged to use up these frags that I did not like. What did I miss....
Somehow I got into the hobby of fine wines and started buying lots of wines, going to tastings etc. I even started buying subscriptions. But then I could not really drink that stuff any more due to some sort of histamine intolerance. Took me a while to accept that fact but then I stopped buying from one day to the other. I gave away stuff, and still I enjoy a good glass from time to time, but rarely as it does cause probs (sometimes more, sometimes less, depending on the day and the actual bottle). Made me feel somehow sad as I had enjoyed it a lot being a sensual hobby.
Then one day coming back from a vacation I was like in post vacation blues, did some research on internet about I don't know - probably a frag. I stumbled upon parfumo. I started reading with fascination still thinking 'no, no, turn back, exit that page immediately' knowing that there would be not return. And the rest is history hahaha. Perfume being a hobbie for the olfactora sense the same as wine, it has become a perfect substitute for fine wine tasting
So, no regrets!
I have tried to do some sort of budgeting. Well, not really applying a strict budget system, but just document my perfume expenditures in an excel spreadsheet and monitoring the monthly expenditure as a KPI. I do not do this with other spendings, just perfume. I don't have 2 kids, cars and mortgage. So, it is not really necessary for other things, but for perfume I think it is reasonable in oder to keep some self-control at least.
During the last months however I have been a bit neglecting about this. I am now a delegate to a country with poor access to perfumes (and much more expensive). So there is some restriction anyway. However I do participate in sharings, order bottles online and pick up during business trips back home (and buy at duty free). So I don't have the feeling my expenditure has become less, but should not have become more, either.
As I do not test so many new things, I am in a sort of consolidation phase - what are the bottles, I love so mich I think I need a backup (scared of reforms)? What are the decants I love so much I want do upgrade to a full bottle? Only getting rid of bottles is not my strength. Somehow I love all of them. And with a collection of 60 to 70 bottles and same amount of decants, using 'regularly' cannot be a criterion.
Of course I get some new frags to test through parfumo friends back home, and I have already some purchase plans for new frags as well
smart budgeting advice. personally, i keep a 4 week waiting rule. anything that's not a necessity, i put on a 4 week waiting list.
if it's good, it will be good in 4 weeks.
Nice plan actually. I like your 8/10 idea, although I have a bit of a sliding scale based on price/ml. Like, if it's under $.25/ml I might go for a bottle that's 7/10, etc. Above $1/ml it probably needs to be 9+.
It's a good system to build up any wardrobe be it fragrances or clothes. By practicing self-restraint you'll see your 'fragrance fund' growing to a level where price is no longer a major consideration, allowing you to focus solely on quality. By focusing on quality, you'll buy much less frequently but all your purchases are quality stuff.
And I agree with LBI - that's exactly how I would use a credit card.
I just make peace with abundance and buy what I want.
Samples let you go mad within a budget. You could have a mini budget within that for just samples too and it will save you in the long run on many a wrong bottle. Swapping and games are another fun way to enjoy frags without any family damage.
I hope some newbies read the post, as it is valuable...
For me, I have control, so have no issues so far with rgds to frags. My ulcers stopped me from my old addiction - scotch and collecting it as well, oh how i miss it...