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31 Day Budget (Day 16): Setting a Clothing Budget

January 16, 2015 at 9:01 am 1 Comment  

31 Days to a Better Budget

Setting a Clothing Budget

Each day of the series offers new tips, ideas and a challenge to start the year with a solid financial plan.


clothes closetI am lucky not to be fashion obsessed. Or, maybe it’s fashion aware. Probably both. I’m also blessed to have generous family at Christmas and a birthday just before spring—perfect timing for most all of my wardrobe needs. Of course, I do have 3 growing kids who seem to need new clothes more often than most people need food.

And, so we are tasked with trying to create a budget for yet another fluctuating expense. Later this month, we’ll share several smart shopping strategies that will help reduce clothing expenses. For now, take a good inventory of what you have in your closet—count the shirts, jeans, belts, shoes—oh, the shoes.

This is where I get into trouble. The hubby has a rule about my shoes. One in, one out. It’s not a hard & fast rule, but the concept can help control an obsession. Once you see how many of each item you truly have, it’s a little harder to say, “I have nothing to wear!” Shop from the back of your closet, create new combinations to update your look, then give yourself a limit to work with each month.

If you have kids who need clothing replaced on a regular basis (do they ever stop growing?!), look back at your receipts to see how much you spend each season, take it down a notch and set your monthly target. I have a system for sorting clothes and deciding what actually needs to be replaced each season. We repurpose clothes when possible, swap clothes with or enjoy hand-me-downs from friends and skip purchases of frivolous items.

Saving on clothes is a pretty easy task, if you’re willing to change your habits just a little bit.


I’m not a financial planner or a budget expert. I’ll just be walking you through the steps I take each time my budget needs an adjustment. In fact, I’ll be participating myself!

Filed Under: Budgeting, Fashion Tagged With: 31 Day Budget, Fashion

About Heather Sokol

Heather Sokol is the founder of Inexpensively. She has been married to Spencer for many, many years. Together, they have five kids, fourteen pets, seven fish, and a web development company. What they lack is sanity.

More from Inexpensively

  • 31 Day Budget (Day 7): Setting Goals
  • 31 Day Budget (Day 5): Tracking Expenses
  • Budgeting31 Day Budget (Day 12): Reducing Discretionary Expenses
  • Going GreenCutting Clothing Costs

Comments

  1. Moneycone says

    January 16, 2011 at 6:30 pm

    When it comes to shoes, I absolutely agree with your husband! I hate too many of anything!

    Reply

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