The Shoe Fund

Never too many shoes...

Last year, when I got lovely Louboutins for my birthday, an idea struck me: the shoe fund.

I am not earning bucket loads, and although I could make room to afford a spontaneous buy of a £500 pair of shoes, this could affect my budget in a way I wouldn’t like.

So I thought I would, every month on getting paid, put a very small amount of money (currently at £30) into my ISA savings account, so I could treat myself to fabulous shoes on my birthday – and  The Shoe Fund was born. At that rate, the amount over 12 months would buy me basic Jimmy Choo courts or I could add some money on top of it to go for something wilder.

This has been going very well, even though this year I won’t have a full 12 months savings ( I started it in March 2011, and supplemented with a refund and a mobile phone sale!) , I will be able to buy another great pair.

I just found out by Googling it, there is something similar from Independent Women, but their shoe fund is more a financial service directed to savings for any occasion – “build or raid a fund that is set aside for those days when a little retail therapy is the best remedy. Whether that is a holiday, home improvements, a new outfit or even just a lipstick or two is irrelevant “.

My shoe fund has made me happier and I cannot help but wonder how many women out there could benefit from this – and if luxury shoe makers could get on board, offering a small discount if the purchase from the money in the shoe fund was used to buy their shoes… Just a thought!

6 thoughts on “The Shoe Fund

  1. This is such a great idea! I love the idea of saving up for a great pair of luxury designer shoes by creating a special “shoe fund” with a target date. Everyone needs a little retail therapy once in a while, and it’s great when you actually have the funds saved up for it.

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