Imagine spending your entire teenage years and college life meticulously budgeting just to afford a night out with friends. That’s the reality for many, including Abbie Beggs, the brain behind athleisure brand Bound Apparel. But here’s where it gets inspiring: at just 20, during the first Covid-19 lockdown, Beggs turned her final year of university into a launching pad for a business that fills a gap she noticed in the market. While gym-ready leggings were everywhere, stylish yet functional everyday wear was hard to find. Teaming up with co-founder Ríain Gilna, she transformed a kitchen-table idea into a thriving company. When she’s not hustling, you’ll find her at the gym, mastering reformer pilates, or enjoying ‘hot-girl walks’ with her closest friends.
But here’s where it gets controversial: Beggs admits she’s more of a spender than a saver, sparking the age-old debate—is it better to live for today or save for tomorrow? Let’s dive into her story.
How did your upbringing shape your relationship with money?
Growing up in a typical family, sports were at the heart of Beggs’ life. Her parents invested heavily in her athletic pursuits, supporting her dreams every step of the way. This instilled in her a love for experiences over material possessions. To this day, she prioritizes travel and memorable moments, a mindset she credits to her early years.
Have you ever felt financially strapped?
Absolutely. Beggs recalls her teenage and college years as a constant juggling act, working just a few hours a week while trying to afford social outings. It’s a relatable struggle for many young adults, but it taught her the value of every dollar.
What’s your biggest financial indulgence?
Her car. It’s a splurge she doesn’t regret, though it ties into her biggest financial regret: selling her previous car when she planned to move to Australia for two years. She returned within a year, spent most of the money, and had to buy another car—a costly lesson in planning ahead.
What was your least favorite job?
While Beggs considers herself lucky to have avoided truly terrible jobs, working at her local spot during Covid wasn’t her cup of tea. Now, as her own boss, she’s found her stride.
What’s your go-to money-saving tip?
Beggs admits she’s not a natural saver. Her love for fashion and fear of missing out on social events make it tough to cut back. However, she’s adopted a clever strategy: automatically transferring money to her credit union, where it’s harder to access. It’s a small but effective way to curb impulse spending.
Do you still use cash?
Not really. Beggs rarely carries physical cash or even her card, relying heavily on her phone for transactions. It’s a modern approach, but it raises the question: are we too dependent on technology for our financial needs?
Spender or saver?
Spender, without a doubt. Beggs believes in enjoying life now, a philosophy that resonates with many but might raise eyebrows among frugal enthusiasts. And this is the part most people miss: Is spending freely a sign of living life to the fullest, or does it undermine long-term financial security? Weigh in below!
If you had to cut back, what three things could you never give up?
Online shopping, her gym membership, and her car. These aren’t just luxuries—they’re essentials for her lifestyle. But it begs the question: where do we draw the line between needs and wants?
Beggs’ story is a refreshing take on money, ambition, and the balance between enjoying today and planning for tomorrow. What’s your take? Are you team spender or team saver? Let’s spark a conversation in the comments!
