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Lady Melbourne’s favourite dress

I really love this dress, I love the movement and the fluid motion of the fabric. It’s become one of my wardrobe favourites because it seems that I can wear it everywhere. Do you have a dress like that?
I’ve worn it during the day, to dinner and then onto after hours events as well. Which got me thinking about fashion economy or fashmatics: maths + fashion.
It’s not a hard and fast rule, but when I’m shopping I do think about cost per wear and how versatile the garment will be in my wardrobe.
For example, I have a sequined dress that cost me a couple of hundred bucks that I bought to wear to a NYE party a few years back. NYE is a special event so I wanted a special dress, but there have only been a few occasions since that I’ve been able to wear it. Ergo, was it worth $300?
My black ballet flats on the other hand cost me $200 but I wear them all the time. $200 might seem like an extravagant amount to spend on ballet flats, but is it warranted if you wear them every day?
I think it’s a really interesting argument because how we shop and what we spend is such an individual choice. It often depends on lifestyle and means, but then even though I could afford to buy something new, if I need something I will often shop in op-shops first to see if I can find it.