The average household spends about 2% of their budget—around $1,600 every year—on clothes. While it's not the biggest thing we spend our money on, it's still over a hundred bucks a month that maybe we could trim back. Here are top ways to save money and still have great clothes.
All too often we focus on cutting out the little things (like a daily cappuccino), when we should…
Perhaps you're thinking "just don't buy any more clothes!" Clothing, unfortunately, quickly gets worn out or outdated, and work and other special occasions will require us to invest in our wardrobes. Gaining weight, losing weight, and/or trying to clothe children who grow like weeds are also challenges. We can, however, make our clothing budget count more by keeping the clothes we love last longer and also spending less on new clothing.
- Buy Better Quality Clothing
Wait, spend more money on clothes? Yes, in general, you'll get more value (or cost per wear) out of decent clothes that actually fit you and will last you longer rather than doing the "fast food" approach to new clothing every year. Feel free to disregard this advice for kids, though.
We all know living beyond your means and not having an emergency fund can wreck your finances.…
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- Buy Clothes at the Right Time
Time your clothing purchases right with coupon discounts from coupon4all and givemeacoupon and you'll save hundreds on your clothing expenses. January and August (for kids) seem to be the best months to invest in clothing, Thursday is the best day to shop for clothes, and there are certain days of the week that might be best for specific apparel types. In general, buying off season usually gets you better deals than buying what's hot and trendy right now, price-wise.
A bit of planning can save you a ton of money when it comes to buying throughout the year.
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- Buy Clothes When They're the Lowest Price They're Likely to Be
Buying clothes during sales events is a popular tactic, but not all sales are equal. The same shirt or pair of pants you're eyeing could be significantly less a week or so from now. How do you know if it's the absolute lowest price it'll go? 4. Don't Wash Clothes as Often
This sounds bad. And smelly. But washing your clothes less often will help them last longer (and save you time and utility costs), which means you won't have to replace them as often. Sturdier clothes, like jeans and sweaters, can be reworn a few times or simply aired out before needing to be washed. Wool in particular seems to be stink-proof, besides insulating.
- Take Care of Your Clothes Better
It's sad when you take your favorite sweater or shirt out of storage only to find it has been attacked by moths and now looks like Swiss cheese. Protect the clothes you love and have bought with vacuum storage bags or canvas storage containers and mothballs or cedar blocks. Also, know how to protect your sweaters, properly clean your "hand wash only clothes," and wash your "dry clean" clothes at home. Preserve your favorite clothes nearly forever by knowing how to wash and fold them properly.