I talked before about a 'buy', or 'cost per wear threshold' as a criteria I use to decide whether or not I should buy something - my buy threshold is a cost per wear of $1.
So, how do I decide whether or not sell something?
Sometimes it's very easy to let something go, especially when I'm getting the price I want for it, but what about the times when I know the price I can get for it, may not be worth letting go? Of course it's easy to reason that I should sell it because I'm not using it anyway, it will free up space for something that I love now, and something is better than nothing, but when you love bags as much as I do, it's hard.
I went through this again on Sunday when sold my Coach Poppy Madras for $30. I originally listed it for $45 on Friday night, and decided that I wanted a quick sale instead of waiting it out. What made me decide to let it go for so low? I decided that for the period of time that it was in my possession, and how many times I used it, less the amount I will recoup from it, I was worth it.
I purchased it in 2012 on sale for $79 (original price is $158) and during that time, I used it for a recorded 17 times since 2014 when I started to keep track. If I sell it for $30, then I 'bought' it for $49. The breakdown cost per wear of that is $2.88. For me to hit $1 cost per wear, I would have had to have used it 49 times; I know I haven't used it that much but definitely more than 17 times, so I calculated that my total cost per wear for this item is probably closer to under $2. Seeing it calculated like that helped me realize that I got good use out of the bag, and get over the emotional connection to the bag and I happily let it go. Now I'm one item less towards reaching one of my 2016 goals =)