Smart Spending: Clothing
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Recently I've been realizing that I'm not the frugal spender I thought I was. Sure, I never spend exorbitant amounts of money all at once. Instead, I make dozens of seemingly "insignificant" purchases that, in the long run, start to add up. For example, I refuse to spend a lot of money on clothing. I shop almost exclusively in thrift stores and sales racks. I rarely spend more than $10 on any one article of clothing, including more traditionally expensive things like jeans or dresses. If I spend $25 on something like a swimsuit, dress, or pair of shoes, it means I love it and I'll be wearing it for a long time. You would think that having such a low clothing budget means that I hardly spend any money on clothing. This is not the case. I have a habit of replacing quality with quantity, meaning that instead of investing in one shirt I absolutely love for $20, I'll buy 5 shirts I really like for $4 each. In the end, this means that come next season, I'll be donating half those $4 shirts and buying new ones. Meanwhile, that shirt that I spent more on that I love, I'll keep season after season.
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So this begs the question, "Well, do I have to spend more to find things I love?" Absolutely not. Spending smart is all about being intentional. Because $20 is a lot in my book, I really stop to consider whether what I'm buying is worth it. It's an investment to me, not just a spur-of-the-moment-I-have-$5-to-spare purchase. $4 or $5, on the other hand, doesn't mean as much to me, so I let go of it a lot easier. But I make a habit out of these small $4 or $5 purchases, meaning that in the long run, I'm not saving any money and I'm spending without much deliberation or intention.
"So how do I make frugal and intentional money decisions?" One thing I find myself doing regularly is finding something I like and then immediately flipping over the tag to see how much it is and if I'm willing to spend that. It's something we all do. The problem lies in seeing something we kind of like, checking the price, seeing that it's cheap, and then deciding we like it more than we really do, just because it's cheap. So the key is to ask ourselves how much we'd pay for something before we check the tag. If it's something you love, you're willing to pay more for it. If it's something you only like and the price is too high, you'll pass it up. But if you find yourself consistently seeing things and thinking "Eh, I'd pay like $5 for that"... well, maybe you should pass it up without even checking the tag, because it's clearly not something you NEED to have in your closet, even if the tag turns out to be $4.99!
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Like all habits, spending habits can be changed. But it takes time and effort. For me, I think the best thing I can do is put a complete freeze on clothing spending for one season. I have all the clothes I could need or want, so for this summer I want to get rid of clothes that I no longer love and wear the heck out of the ones I do. Also, I've been away from my closet(s) for so long that I no longer remember most of the clothing I own so it'll be like going shopping in my own wardrobe! I cannot wait to wear clothes that are not the ones I brought to Spain and have been wearing for 5 months straight...literally the same clothing, since it's so temperate here my wardrobe has not changed at all between January and May. I've decided I don't like temperate climates. I like change. I like seasons. I like having boxes of clothes in the attic I don't see for 6 months at a time. Anyway, we'll see how this challenge goes! (Most definitely going to cave, but hopefully it'll only be for things that I love love love).
Until next time...
-SE Wagner
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