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The Hidden Costs of Fast Fashion and How to Stop Overspending.

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Do you ever feel like the latest fashion trends change faster than a single scroll on your phone? It seems like every time you hop on Instagram, there’s a new “it girl” aesthetic, your fave influencer is raving about her newest Adidas Sambas, and everyone and their madres have a Stanley. 

You feel behind. Even though you have a closet full of clothes, you still can’t find anything to wear. The solution? Easy… click the button, swipe the card, and your new must-haves are hanging in your closet before you can even blink. 

But with your newest haul comes something a little less glamorous: a cycle of overspending fueled by fast fashion with hidden costs that go far beyond the price tag.

Pero mujer, the power to take control is yours. As a former member of Team Retail Therapy, I know that overcoming the fast fashion debt cycle requires us to confront not just our spending habits, but the underlying emotions that drive them and stem from our cultura. In this blog, we’ll uncover the truth about how fast fashion affects more than your wallet, and the transformative steps we can take together for a more sustainable, financially empowered future. 

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The Definition of Fast Fashion

First, let’s get clear on what we mean when we’re talking about fast fashion. I’m referring to mass-market fashion retailers that produce inexpensive clothing through rapid production (think brands like Shein, Zara, H&M, Forever 21, Abercrombie, American Eagle, etc.).

These companies can design, produce, and stock their stores with the latest fashion trends in a matter of days because they prioritize speed and low costs over quality and sustainability. And this leads to a cycle of constant consumption and waste.  

Fast Fashion Robs You of Your Peace of Mind 

The truth is, fast fashion keeps us trapped in a cycle of constant spending. But it’s not just our bank accounts that suffer when we overspend – our mental well-being takes a hit, too.

The neverending cycle of buy, wear (only a handful of times to keep up with the changing trends), and discard does more than clutter our closets. It fosters a mindset of never having enough. Never being enough.

The constant chase to be seen as the best-dressed mujer in your circle can cause your sense of self-worth to become entangled with the clothes you wear. This can lead to feelings of stress, anxiety, inadequacy, low self-esteem, and perpetual dissatisfaction.1

As Latinas, this harmful cycle can be deeply intertwined with our cultural beliefs and often makes us feel ashamed about our debt. Recognizing this pattern was my first step toward healing my relationship with money and myself. 

The Environmental Toll of Keeping up With Trends

The environmental impact of our fashion choices reaches far beyond our surroundings. Fast fashion is a major player in global pollution, contributing to water waste, chemical runoff, and overflowing landfills.

Every year, this industry pumps out clothes at an alarming rate. This eventually leads to a mountain of waste because these low-quality items are only worn a few times before they’re tossed. Every year 100 billion garments are produced, and over half are thrown out annually.2 

Our impulse purchases negatively impact more places and people than we can even imagine. It’s up to us to rethink our decisions and choose more sustainable ways to dress. Think about the kind of world we want to live in and leave for future generations. 

How to Stop Overspending on Fast Fashion

Now that we understand how fast fashion affects our money, minds, and environment, let’s focus on creating a brighter, more empowered future for ourselves. 

Here are 9 strategies you can take action right now to help curb your overspending habits and put you well on your way to financial freedom. 

Identify the Root Cause

Let’s begin to heal your relationship with money by understanding your shopping habits and shedding the limiting beliefs you’ve carried for so long. 

1. Recognize Spending Triggers

Take time to reflect on the real reasons behind your shopping habits. Is it stress from work, a search to feel better, or pressure from your social circle to have the cutest fits? Developing self-awareness is key to breaking the overspending cycle. 

2. Own Your Personal Style 

The comparison trap, especially with social media, can lead to unnecessary spending. Value your unique tastes, preferences, and what truly makes you – you! Align your spending with your core values, not what influencers say is “cool”.  

3. Embrace Who You Are

As a first-gen Latina, your strength lies in your heritage. Celebrate who you are, your story, and your dreams. This self-acceptance empowers you to make financial decisions that reflect your authentic self, beyond fast fashion, to what truly matters. 

4. Use Mindful Spending Tactics

Before buying a new piece for your wardrobe, add it to your wishlist and wait 24 hours (or more) before purchasing. This reduces impulse buying, giving you time to consider whether you truly want or need it.

5. Partner With a Financial Coach

Work with a financial coach who can help you understand your shopping habits, heal your limiting money beliefs, and equip you with the tools to break the cycle of overspending. As a financial coach for the Latina community, I help women like you step into financial confidence through 1:1 coaching. Find out more here.

By looking inward and practicing these strategies, you’ll better understand the driving force behind your purchases and instead shift your energy to focus on the things that bring you true fulfillment. 

Adjust Your Environment 

Shape your immediate environment to live a life that’s sustainable and aligned with your values and financial goals. Get started with these quick tips: 

6. Curate Your Social Feed

Give your social media a cleanse. Unfollow influencers who encourage you to buy the latest trends and mute the people who always make you feel less than. Comparison is the thief of wealth!

7. Get Creative With Style

Find fun, budget-friendly ways to update your closet that don’t include swiping your card at fast fashion retailers. Organize a dress swap with amigas, shop each other’s closets, or go thrift shopping together.

Find Joy Beyond Shopping

Explore activities that make you feel alive. Whether it’s yoga to find inner peace, sewing to create your own clothes, or hiking to connect with nature – find your passion outside the mall. 

Build a Comunidad of Empowerment

Surround yourself with like-minded mujeres who are building financial freedom. You can find them in a supportive community like the Say Hola Wealth Academy, where you can share experiences, gain inspiration, learn how to reclaim financial stability, and build wealth. 

By intentionally shaping your environment, you’ll find it easier to resist the temptations of fast fashion, creating a more sustainable lifestyle and contributing to a healthier planet.  

Put these strategies into action to end the overspending cycle, heal your money mindset, and start on the path to building wealth.

Beyond Fast Fashion to Financial Freedom

As a Latina, you are far more than the clothes you wear, and no designer outfit will give you the confidence that’s already within you. Your unique story, values, and dreams are what make you the incredible mujer you are.

Don’t let the fast fashion debt cycle compromise your ability to step into your power and build generational wealth. You deserve a life of financial freedom and happiness! If you’re ready to stop the cycle of overspending and take control of your future, let’s have a charla.

In my 1:1 Coaching or through the Say Hola Wealth Academy group coaching, I’ll help you become debt-free without ever sacrificing your joy and open the doors to your true wealth potential. I can’t wait to see you inside!


  1. Project Rapid Runway: Unraveling the Insidious Threads of Fast Fashion
  2. Sustainable style: A new fast-fashion formula
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What sets Luzy apart is her ability to demystify complex financial concepts, making them easy to understand and incredibly engaging. Attendees have expressed gratitude for her tailored content that addresses their unique identities, creating a relatable and inclusive learning environment.

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