Dresses at the Oscars and other Hollywood events cost thousands of dollars. You can find a list of high-end designers such as Oscar de Larenta, Vera Wang (yes, Vera Wang makes more than wedding dresses—nice move into this additional area of revenue), Christian Dior, Gucci, Ralph Lauren, Elie Saab (who?? Halle Berry wore it in 2010 and bedazzled), Dolce & Gabbana, Giorgo Armani, Bob Mackie, and Valentino.
Do you know how much actress Winona Ryder spent on her Oscar dress? Before I tell you, let me tell you that she is making no secret of it– she disclosed in Red Magazine (April 2014) that she paid $10 for her dress at a vintage clothing store. In fact, she admits that she is quite frugal and wears vintage clothing a lot, “Most of my wardrobe is vintage and I’ve worn dresses to the Oscars that I got for $10.” She also re-wears her dresses, which is often frowned upon in Hollywood, the fashion world, and by the media covering celebrities, “I know that’s kind of a no-no in the fashion world, but why wear something just once if you love it?” I love this frugal attitude—buying vintage clothing is definitely a budget stretcher for Ryder and could be for you too.
The 42-year-old actress has a long and accomplished film career which started in 1986 and includes a Golden Globe award and multiple academy award nominations. But her success has not come without some tough times along the way.
Ryder was arrested for shoplifting in 2001. Ironically, she was accused of stealing $5,500 worth of designer clothes and accessories at a Saks Fifth Avenue department store in Beverly Hills, California. During the trial she was also accused of using drugs. She received probation. Ryder was forced to suffer through the usual myriad of sensationalized tabloid articles and unwelcome paparazzi attention. After weathering the storm which included a brief career hiatus from 2001 to 2005, she re-booted her career and her priorities. In 2010, she was nominated for two Screen Actors Guild Awards and appeared in the critically acclaimed movie Black Swan.
It appears that Winona Ryder has learned from her past where she found it tough to find work in her thirties after being so successful in her early 20s.
She told Red Magazine: “It was tough because I’d had so much success in my early twenties.”
She may also have been type cast as a teenage or young actress. “Even when I was the right age for older roles, people thought of me as being younger.”
Having endured some tough career times, Ryder also stretches her budget and saves money by renting a modest cottage instead of owning an expensive mansion.
She has learned from her lean times and is living in a way that will help prepare her for retirement or in the event tough times return. It is great that Ryder would share such a personal story so publicly. Like her work, her story is interesting and inspiring.
What do you think of Ryder’s frugality?