How Much Should You Spend On Clothes

12:43:00 PM

How Much Should You Spend On Clothes

To help you define how much you should be spending (let's say invest, shall we?) on clothing each month, I've put together a sort of infographic so you can easily set the right amount and stick to it. The key here is to give some room in your expenses for clothing without affecting your rest-of-the-month financial situation. The ideal percentage to spend on clothes is 5% of your total income. Following this equation, if your monthly salary is around $2,000, you should be spending no more than $100 on a shopping spree. With that in mind...

How much should you spend and where to buy?

Annual salary under the $15,000 bracket = $50 to $100 per month.
If you are under this income bracket, consider getting new clothes at affordable stores and pay special attention during sale season. Stores like Primark (EU), Target, and online shops like SheIn and New Look (they both ship worldwide), sell decent quality clothes at very affordable prices. - 80% of my closet comes from the sale section from New Look!

How Much Should You Spend On Clothes?

Annual salary between the $15,000 and $30,000 bracket = $100 t0 $150 per month.
This salary bracket can feel looser, but still avoid splurging. Try to keep a good balance, if you spend over 5% this month, save the next one and so on. Stores like ASOS, Forever21, H&M, and Stradivarius have great on-trend pieces with good quality at reasonable prices.

How Much Should You Spend On Clothes?

Annual salary between the $30,000 and $50,000 bracket = $150 to $250 per month.
For those of you under this category, you can splurge on one or two items every other month. However, consider splurging only on basics you'll be wearing for years, and look for more affordable prices when it comes to seasonal trends you'll be putting away when the next season arrives. My favorite stores include Topshop, Zara, Nordstrom, and MNG.

How Much Should You Spend On Clothes?

If you earn over $50,000 per year, I'm sure you've got your finances covered, so don't mind this, unless you're looking for ways to save some extra money. *This is an estimate, assuming you don't have to provide for someone else.

Hope you find this little guide useful to build a good wardrobe without counting your last pennies. If you have any other recommendation or tips on how to save money on clothes, feel free to comment below!

Products via New Look.

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2 responses

  1. This was such a good and insightful post!

    Have an awesome day!
    xx Kris