Milvionne Chery Copeland, Writer
@milvionne_copeland
You should budget $1,945 annually for clothes, to cover things like things like apparel and related services. For example, households spend an average of $735 on women's and girls' apparel each year.
You can use WalletHub’s budgeting tools to figure out exactly how much you can afford to spend on clothes, along with your other living expenses. You can also learn more below.
Average Cost of Clothes
When you’re figuring out how much to budget for clothes, it’s a good idea to look at the average prices for related expenses that you can expect to pay.
| Expense | Cost |
| Women's and Girls' Apparel | $735 |
| Men's and Boys' Apparel | $454 |
| Footwear | $388 |
| Other Apparel Products and Services | $368 |
*Source: Bureau of Labor Statistics
How to Save on Clothes
Shop secondhand. Thrift stores, consignment shops, and online marketplaces offer gently used clothing at a fraction of the cost of new items.
Buy in the offseason. Purchasing clothing at the end of a season can lead to significant discounts, as retailers clear out inventory to make room for new collections.
Host clothing swaps. Organizing a clothing swap with friends or community members allows you to refresh your wardrobe without spending money.
Invest in quality clothing. Focusing on high-quality, timeless pieces can reduce the need for frequent replacements and keep your wardrobe versatile.
For more information, check out WalletHub’s guides on budgeting and the best ways to save money.
People also ask
What are the benefits of budgeting?
The benefits of budgeting include helping you avoid overspending, minimizing debt, having a plan for emergencies, and making progress toward retirement. Having a budget can also lead to credit score improvement and increase your overall financial knowledge.
We’ll detail some more benefits of budgeting below. You can also check out WalletHub’s budgeting tools to see the benefits first-hand.
7 Benefits of Budgeting
Helps prevent overspending.
Having a budget allows you to plan out...
read full answer by Milvionne Chery Copeland, WriterWhat are the best ways to save money on a tight budget?
Some of the best ways to save money on a tight budget include avoiding impulse buys, using free budgeting tools, comparison shopping, negotiating bills and automating your saving. These steps prevent you from paying more than you have to and help you save money for more important things.
Best Ways to Save Money on a Tight Budget
1. Avoid impulse purchases
Buying items that you don’t need on a whim...
read full answer by Milvionne Chery Copeland, WriterHow do I budget for non-recurring expenses?
To budget for non-recurring expenses, make a list of all your expenses that don’t occur monthly (such as gifts, travel, and home repairs), add up what you spent on them in the past year, and divide the amount by 12. This is roughly the amount you will need to save each month to cover non-recurring expenses for the year.
How to Budget for Non-Recurring Expenses
Make a list of your non-recurring expenses from...
read full answer by Milvionne Chery Copeland, WriterDid we answer your question?
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