Why You Need a Clothing Budget?


Maintaining a trendy wardrobe can be pricey. Keeping up with trends and latest fashion requires to buy new and stylish clothes back and forth. Of course, when it comes to shopping, who doesn’t love to buy what attracts them. But do you think buying a $500 top is reasonable? Along with the trendy look, you have to keep an eye on the budget that you spend over clothing.

Sticking up to a clothing budget can be challenging, but at the end, it would be saving your monthly budget. Check out Distressed Brown Cafe Racer Leather Jacket and get an attire that could be your ready to go outfit.We always spend a substantial amount of our salary on clothing; sometimes on unnecessary clothing as well, have you ever thought of sticking to a clothing budget? In this article, we will discuss the major and uprising question, ‘WHY YOU NEED A CLOTHING BUDGET?’.

Do the Quick Math

As you start planning up your clothing budget, do the quick math by calculating your income, monthly, quarterly, bi-annually and annually. Now allot about 5% of your income to your clothing budget. If you do the calculations right, you are allowed to spend a less amount per month for clothing, but as you see it bi-annually or annually, you have a sufficient amount to spend on clothing – which means you can get your hands on seasonal clothing without any worries.

How to set up a clothing budget?

As you get your paycheck, do not run to the shopping mall right away. Go home and make your clothing budget while analyzing every aspect. You have to be determined while making a clothing budget. There are a couple of ways which can make you plan a reasonable and determined clothing budget. Have a read:

Go through the amount you’ve spent on clothing in past 6 months

Every individual has different priorities and desires. Some of us are keen to spend more on clothing rather than fancy food or trips. Go through the history of about previous 6 months, and analyze the amount that you have spent on clothing.

Determine the clothing budget according to your income

You have to analyze your basic income and then decide on the percentage that you want to allot to your clothing. You can allot a 5% or 10% of your monthly income for clothing budget, as it would be a cheap and easiest step to do so. As you get a raise in your pay, you can gradually increase the percentage of amount that you want to spend on clothing.

Get organized with your wardrobe

Take out some time and get organized with your wardrobe. This is one of the essential steps that you can take while planning up a clothing budget. Clear out the inventory of clothes and make separate piles of clothing according to the ones that you wear, and you don’t wear. Make the pile of the ones that you don’t need anymore, and give it away. Once you are done with this, you can now make a list of the essentials that you need to buy for your wardrobe. Additionally, you can undo some of the items from your list that you have discovered from your wardrobe while the cleaning up process, as it was hidden under a pile of clothes. Check out the basics that you are out of and add them at the top of your shopping list.

How can a clothing budget benefit you?

Setting up a clothing budget is essential to save a good amount of your salary. We know how challenging this can be, but if you want to save a few bucks, then you have to stick to the clothing budget that you have set. By setting up a clothing budget, you can benefit yourself in several ways. We have listed a few of them below. Give it a read:

You have a proportionate amount of funds to invest in your wardrobe

Having a trendy and stylish wardrobe is everyone’s dream. Once you are done with your clothing budget, you can start to save for the time when you can finally decide to upgrade your entire wardrobe. Instead of losing money every month with no budget, act smart and plan a clothing budget.

You can consider not to spend the fund in the beginning, and as months pass you will have a good amount in your fund which could exclusively upgrade your wardrobe according to the latest fashion trends. This way, you will be able to give yourself the freedom of going out for shopping with a good amount in your hands and redo your entire wardrobe with stylish apparels.

It will help you to stick to the list and avoid shopper’s remorse

Doesn’t this crop top look classy, Oh, I should get it, shouldn’t I? Wow, that pair of pants seems funky, I must buy it asap! Several other thoughts that are not necessary to be fulfilled, but still we get excited and get stuff which isn’t even on our list! Having a clothing budget will make life easier for you, as it will perfectly co-ordinate with the shopping list that you have made.

Make your shopping purposeful and structured by having a detailed and limited clothing budget. As you have a dedicated budget for your shopping list, you will automatically focus on purchasing the things which are at the top of list. With this strategy, you won’t regret any purchased item. Save your money and save yourself from the guilt of getting useless items at a pricey cost.

An out-bursting wardrobe with the latest and trendy attires is something that everyone of us desires of, but you have to limit yourself with a clothing budget, so that you don’t regret at the end. So, convince yourself to follow a clothing budget and see the positive affect of it on your monthly income. Shop less but shop better!