Are you trying hard to penny pinch in every facet of life? Are there certain areas in your finances that tend to have the leaky boat syndrome? Everyone struggles with keeping all the holes in their proverbial financial boat patched and once in a while it’s a good idea to take a step back to see if it needs anymore repairs!
One financial area that could be suffering is your closet. Closets seem like the endless black hole. Money goes in, but somehow you still feel like you need more clothes….and then more, and more. The cycle never ends. However, if you create a budget, shop wisely, and stick to essentials, this hole in your boat could be easily and swiftly mended!
Here are some tips to keep your closet cleaned up while making sure your wallet isn’t empty:
Budget for the times of year you know you will save big on clothes! For instance, if you know that after Christmas stores will drop their prices significantly, jump on it! Budget your money throughout the year, make a list of your essentials, and go shop. It not only saves you from financial distress, but it gives you something to look forward to.
Look for Variety:
When you shop you need to ask yourself if the items you are purchasing will be versatile with multiple other items in your closet. For instance, would the button down you’ve been eyeing match with the sweaters in your closet, and how many pants could you pair it with? Ask questions about the clothing you pick out. It will help you to narrow down your choices and will give you more selection in the long run.
Avoid the Trends:
If you must buy the latest trend then go cheap! Never spend a lot of money on an item that is bound to go out of style in a year or less. If you want something that is trendy then make sure you find a good sale and don’t invest your hard earned money on it. Even if it does wear out quickly it won’t break your heart or your bank!
Spend More on Quality:
Go for the classic items that may be more costly up front, but will yield dividends in the future. Spending extra money on a nice pair of shoes is a worthier investment rather than buying the cheaper pair and having to replace them every one or two years. Nice dress shoes, if cared for properly, could last you years if not decades. Sometimes you have to spend money to save money!
Finding designer clothes at reasonable prices can be as easy as signing onto ebay. Of course, you have to weed through some junk, but if you have an item in mind and search specifically, you may be in luck! It never hurts to try! Also, designer brands sell well on ebay. So, if you are no longer in need of certain clothes or no longer want them try to list them on there! You could end up with some more shopping money.
These simple tips could really help repair the financial black hole that we know as our clothes closet. Try sticking to them each year and see how you continually save money!
Featured image by https://dribbble.com/jakedugard