Handbag entrepreneur's viral 'money diary' made readers want 'to stab [their] eyes out'
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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.
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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.
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It makes the $95 “dolphin excursion” she later writes about buying for her and her boyfriend’s upcoming cruise sound quite frugal by contrast.
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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.
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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.
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She’s generous. Get it?
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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.