Cardi B: the new “Queen of the Bronx”, a billboard top charter, and easily one of Instagram’s greatest entertainers.
A real rags-to-riches story, Cardi B started her days off as an exotic dancer in New York, before reaching worldwide fame with her single “Bodak Yellow” in 2017.
Despite being worth millions (and not to mention, being engaged to the KING of boujee), Cardi still knows what’s up when it comes to her funds.
Known for rocking affordable brands like Fashion Nova and Steve Madden, Cardi’s the first to explain on social media that she can put together an affordable look and sure as hell knows how to budget.
So if you wanna party with Cardi, here are 3 lessons on money management we can all take from CB.
Lesson 1: Just because you can afford it, doesn’t mean you should buy it
You might have just enough money in the bank to buy those $1000 Louboutins, but does that mean you should?
According to the 50-20-30 Rule, you should be limiting your “wants” to no more than 30% of your income. Now that doesn’t mean the most extravagant wants that are well beyond providing value – but think of anything really in excess to a “need”. In other words, a sweater for the winter may be a need, but 5 designer cashmere sweaters at $150 a piece might be pushing it.
It’s important to treat yourself every now and then – but allll in moderation. Make sure you’re saving a solid amount of money as well.
Lesson 2: Just because something is more affordable, doesn’t mean it’s low quality
This one is for all the gals with the Classic Boujee taste, who tend to flock to brands just because of name and status. (If that’s you, then you better listen up!)
You may assume quality and value go along with the high-moolah purchases. Though this may be true in many cases (i.e. where you can clearly see the quality difference in fabric between a $10 top and a $60 one), note that there is a threshold. After a certain amount of money you’re really paying for the brand and not the quality. So, just remind yourself that there are always more affordable (but still good quality), money sense options when it comes to shopping.
IRL: Don’t be so quick to dismiss fast fashion stores like H&M or Zara when it comes to clothing. If you’re buying trendy items that are really only going to be in style for one season, you’re better off spending a bit less while getting decent quality. For more classic items (i.e. LBD), you have a bit more leverage to spend more, knowing these pieces are timeless.
Lesson 3: Just because you “have the money” doesn’t mean you shouldn’t shop smart
Who doesn’t love a good sale? Well, if you shop smart, you’ll be able to find a lot more sales than you realize.
Discounts add up quickly. You may be saving 1 or 2 bucks on a few items, but put it all together week after week, and you may be saving hundreds of dollars over the course of a year.
Apps like Flipp make it easy to stay money conscious when it comes to household goods. Just enter the product you’re looking for, and you’ll get a list of flyers from retailers with the best price!
Now that’s how you make money moves. Okurr!
Source: RCA Records
