Thursday’s TPS Report: 3/4-sleeve faux-wrap dress

Our daily TPS reports suggest one piece of work-appropriate attire in a range of prices.

banana republic wrap dressI have heard many readers sing the praises of this wrap dress — enough so that I recently bought one for myself in black.  And it’s great — it’s easy to get the wrinkles out, comfortable to wear and to throw on in the morning, and generally all-around appropriate for work.  I wear a camisole under mine just to raise the neckline a bit, but in general: it’s a great dress.  Which makes the sales today even better — the black and gray colors are marked $49.99, while the purple and teal (available online only) are still marked $98.  However — with code BRJAN25, you can take 25% off your order today, which lowers the price even more.  The dress is available in regular, talls and petites. Banana Republic 3/4-sleeve faux-wrap dress


Seen a great piece you’d like to recommend? Please e-mail [email protected] with “TPS” in the subject line.

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Suit of the Week: Hugo Boss

hugo boss women's suitFor busy working women, the suit is often the easiest outfit to throw on in the morning. In general, this feature is not about interview suits, which should be as classic and basic as you get — instead, this feature is about the slightly different suit that is fashionable, yet professional.

Hugo Boss has a bunch of great suits and blazers on sale right now, including this simple wool suit.  I like the patch pockets and the peaked lapels, and the pants look like a similarly good basic.  The jacket (Tailored Two-Button Wool Blazer by BOSS Black) is $297.99 (was $595), and the pants (Tailored Wool Dress Pant by BOSS Black) are $147 (were $250).

[Read more…]

Tales from the Wallet: Setting (and Sticking to) a Budget

sticking to a budget - our best tips!2017 update: we still stand by this advice on sticking to a budget; we’ve also updated links below. You may also want to check out our more recent discussion of how to make a budget

iconReaders got into this discussion a bit in the comments to Monday’s resolution post, but I thought I’d continue the discussion here, because I think it’s a worthwhile one.  So let’s talk about setting and sticking to a budget… (2017 update: the pictured wallet from Comme des Garcons is sold out now, but Nordstrom still has a ton of great wallets from the brand.)

First, I would say that not everyone needs a budget.  Your goal should be to spend less than you earn, and sometimes you can accomplish this — easily — without really keeping track of expenses. For example, if you’re making more money than you know what to do with (lucky you!), setting a general monthly goal (such as moving the second paycheck of every month into savings) should be fine, after maxing out your 401K and taking a close look at your debts.  But maybe you’ve recently switched to a lower-paying job and want to keep a closer eye on your finances — or perhaps you’re setting new goals for yourself this year, such as paying off debts, saving a greater amount, or saving towards a goal like a house or car.  Or maybe that goal of “spend less than you earn” has been eluding you for quite some time.

How to determine your budget? Everyone has slightly different methods of this, as you’ll note from the reader comments on Monday.  Personally, while I use Mint.com to generally keep an eye on our accounts and to track trends, I have always just used plain old Excel to keep track of a budget.  My own tip for budgeting is that I like to get ahead of the ball, so last month’s income goes to pay for this month’s expenses. If the end of the month draws near and the money starts to dwindle, we do our best to stop spending (and, for example, opt to eat in rather than head to a restaurant, or I don’t buy that pair of shoes I see online, or I bring a can of soup for lunch instead of going out for soup).  (Disclosure here:  My husband and I have totally combined our finances, I’m in charge of the money, and I’m also the primary spender — so this may be easier for me.)

More specifics:  On my chart, I first have the total combined income from last month (after taxes and whatever else is taken out).   Then I have different lines for fixed expenses — and for me these are only non-negotiables:  mortgage payment, common charges payment, debt payment, various insurances (amortized over 12 months if it’s something we pay yearly).  Then, I have our goals for the month — usually it’s a set amount of savings for retirement, but it might also be savings to pay off  a particular student loan, or something like that.  And then I subtract — income minus debts minus savings.  And whatever’s left is the budget for the month.  I generally just keep track of cash withdrawals rather than cash expenditures (so if we get $100 out of the ATM I’ll track that rather than whatever we spend the $100 on), and in general I use Mint to keep track of what money is spent when.  (Then I just have to log into Mint and copy the latest expenditures to the chart.)  I don’t include things like credit card payments on the “budget” (as the expenses should have been individually included when they were incurred).  As far as extra income goes, I’ll keep track of some of it — money received after returning a purchase, for example, a Christmas check from my grandmother, or interest from our savings account — but other stuff (e.g., paychecks) don’t get counted. As the month goes on I’ll bold things that are deductible — business dinners, charity contributions, etc. — and copy them into a separate column, which makes taxes a breeze at the end of the year.  When the month ends, I start a new sheet in Excel.

If you adopt a system like mine, I’d suggest giving yourself a few months just to get used to tracking your expenses and seeing where the money goes.  (And Mint can be great to keep track of spending in categories — it’ll even let you set budgets for the category and track them.) After a few months, take a look at things and try to get a better sense of where it’s “too much,” either because you’re spending beyond your means or you’re spending more than you really care to. For example, you may have a souped up internet/phone/cable TV package, but a) never watch 95% of the channels you receive, and b) never use your landline.  You may be able to significantly reduce your monthly bill every month without feeling any pain with the cuts.  You may also realize that you have leftover savings every month that should be allocated elsewhere — instead of leaving it to chance it might be time to put that $200 or $300 towards a student loan, or in a fund for a savings goal.

Personally I prefer to just have a general “bucket” budget rather than a category-by-category budget, but that’s just me.  Readers, do you believe in setting and sticking to a budget? Have you always had one, or were there times in your life that you haven’t kept track of money?

setting and sticking to a budget - our best tips!

Wednesday’s TPS Report: Celia Cardigan

Our daily TPS reports suggest one piece of work-appropriate attire in a range of prices.

trina turk celia cardiganHappy Wednesday! Today I’m really liking this bright, happy cardigan from Trina Turk. I think it would work over a sheath dress, or with simple trousers. Was $228, now $129 at Nordstrom. Trina Turk ‘Celia’ Cardigan


Seen a great piece you’d like to recommend? Please e-mail [email protected] with “TPS” in the subject line.

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How to Wear a Pinstriped Suit

How to Wear #Pinstripes | CorporetteReader J wonders how women should wear pinstriped suits…

I am a senior associate looking for a lateral position when/ if the job market improves. I recently bought a lovely dark navy pinstripe suit for interviews, as my other suits were looking tired. However, once I got the suit home, I realized I don’t have any shirts that match.

What color shirt would go well with a blue pinstripe suit, other than white? (I really don’t dig the blue suit/ white shirt look: it’s too “mannish”, plus I am far too pale to wear white.) I know patterned shirts are probably out with the pinstripes. Would a tan or putty color work? How about a medium grey? Army green? Brown? A “banker’s shirt” that is light grey with a white collar and cuffs?? Help!!!

Interesting question! Pinstriped suits can be tricky to accessorize. Pictured above: EMPORIO ARMANI Womens’ suit, available at Yoox.com for $455. [Read more…]

Tuesday’s TPS Report: Stretch Wool Military Blazer

Our daily TPS reports suggest one piece of work-appropriate attire in a range of prices.

elizabeth james military blazerI’m not normally into the military trend, but something about this blazer just looks fabulous. Love the bit of lining sticking out on the cuffs, placket, and hem (is that satin? silk?) and the color and shape seem flattering and sophisticated. (I suspect it’s on sale because the model’s pose does such a poor job of showing the blazer!)  Was $425, now $255 at Bloomingdale’s Winter Sale & Clearance (sizes 0-8 still left). Elizabeth and James Stretch Wool Military Blazer


Seen a great piece you’d like to recommend? Please e-mail [email protected] with “TPS” in the subject line.

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