Clothes are fun, expressive, and… expensive. If your closet is bursting at the seams but your wallet is feeling empty, check out these five ways you can save money when you’re shopping for new clothes and make the most of what you already own.
Inventory Your Closet
Doing a closet inventory takes a couple of hours, but it’s an excellent way to discover what you own — and what you don’t need to own any longer. If you don’t wear it, sell it, and with that money you can purchase new items! It;s recommended to go through your closet once a year. If you haven’t worn that sweater in 365 days, you don’t need it.
Shop Out of Season
You know the law of supply and demand affects prices, and that includes the cost of clothing too. The best times to buy clothing are when they’re out of season so demand is low. People shop for winter coats when the temperatures begin to plunge. Smart shoppers wait until the worst of winter is over then scoop up outerwear at a substantial markdown.
Keep Track of Sales
Big department stores and some mall stores have giant annual or semi-annual sales where they offer their best discounts of the year. It’s usually neither before nor right after big holidays — so you have to keep an eye out for them. If you’re really committed to not missing one, sign up for that store’s emails; though if the emails are leading you to spend too much time browsing their sites, click unsubscribe.
Create a Budget
Creating a budget can be overwhelming, but it’s the best way to change your spending habits and to stop spending too much money on clothes. Why? Because budgeting is simply the process of creating a plan of how to spend and save your money. Without a spending plan in place, it’s going to be hard to improve your spending habits. When you’re trying to stop spending too much money on clothes, creating a budget is the best way to feel more confident with your expenses.
Invest in Higher Quality Clothes
When your wardrobe consists of items with a substantial lifespan, there’s less desire and need to buy new pieces frequently. Higher quality clothes also force us to take purchases seriously, rather than scooping up armfuls of clothing whenever a sale is advertised. Shopping for unneeded clothing should not be a primary source of entertainment or stress relief – as much as everyone should do whatever makes them happy, shopping mindlessly is an insidious exception.
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