She thought she had it in the bag.
A 22-year-old e-commerce entrepreneur makes $25,000 a month — but lives in fear of spending her income on the very thing by which she makes a living: handbags.
“I transfer money from my checking account to savings daily, so I never feel too flush and accidentally buy a Chanel bag,” the millennial handbag designer and Instagram influencer reports in a cluelessly braggy “Money Diary” for Refinery29.
The anonymous author, whose product is manufactured in China, prefers to shop for discount bags — like her biggest buy of the week, a $707 “pre-loved”tote which she exclaims is a “steal,” as the bag usually retails for a whopping $1,900.
It makes the $95 “dolphin excursion” she later writes about buying for her and her boyfriend’s upcoming cruise sound quite frugal by contrast.
While the chance to share the spoils of her youthful success must have seemed like a fab idea, the money memoirist received much online backlash for the piece, as did Refinery29 for its continual focus on high-income individuals in its Money Diaries series.
“Not throwing shade but read the room R29, it’s 2018 + the 1%’s moment is over,” Vanessa Gatlin shared on Twitter.
“I wanted to stab my eyes with my $1.50 ballpoint pen when reading this,” another unimpressed reader tweeted.
That this young woman has a bizarre relationship with her reported $604,800 annual revenue is revealed early on in a day-to-day account of her spending. Although she starts her week with a relatively thrifty Sunday — in which most expenses are paid for by her boyfriend — she drops well over $200 on Monday, significantly on Amazon-ordered vitamins to ship to her foreign parents.
She’s generous. Get it?
Yet, while she’s willing to spend $7.53 to Uber to Duane Reade and pick up $12 worth of candy on Monday, she decides against a $6 rideshare home on Thursday because she “ain’t a baller.”
By the end of the week she’s shelled out $1,732 — mostly on clothes and beauty treatments. Maybe her idea to move to Miami to save on taxes isn’t such a bad one.
By Hannah Frishberg