How much should I spend on clothing? (2023 Budgeting Guide)

Most financial experts say to keep clothing spend to around 5% of your take-homepay for the entire family. So, take whatever your monthly pay is and multiply it by .05 and that is the MAX you should spend in a given month. Or multiply it out by twelve (since shopping for clothes is often cyclical/seasonal) and … See more

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How Much Should I Spend On Clothing? (2023 Budgeting Guide)

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What Should Your Budget Percentages Be? - Well Kept Wallet

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Mar 22, 2024 · Clothing: 2 – 5%: Personal: 5 – 10%: Why Following These Percentages Can Help. ... It’s vital to budgeting success to analyze your spending and budgeting categories …

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How Much Should You Spend On Clothing Per Month? – WizeFi

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Aug 31, 2018 · There isn’t really a way to make $36,000 and spend as much on clothes as someone who makes $120,000 without engaging in fiscal irresponsibility. You should use …

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How Much Money Should You Spend On Clothes? - Chatelaine

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Jan 13, 2020 · But, in the real world, you need to set limits on how much you spend on clothes. ... So, if you’re bringing home $3,500 after taxes, your clothing budget should be $175/month. If …

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How Much Money Should You Spend On Clothes? - MoneySense

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Oct 4, 2017 · So, if you’re bringing home $3,500 after taxes, your clothing budget should be $175/month. If you’re bringing home $5,500 a month, then you can bump your budget up to …

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How Much Should You Spend On Clothing? | Pete The Planner®

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It's much much harder to allocate 5% of your income when you are still hypothetically paying for that great handbag that you bought last March. Here's what 5% of some different incomes …

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What Percentage Of Your Budget Is Clothing Budget? | E5P Blog

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Jun 28, 2023 · How to budget for clothing spend. So, budgeting – how do we go about this. As mentioned before, the general advisory for a clothes budget is 5% of your take home income. …

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How Much Money Should I Spend On Clothes? (2025) - Investguiding

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4 days ago · According to Dunn, you should spend 5% of your monthly income on clothing. To find the exact dollar amount you should be spending per month, multiply your take-home pay …

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How Much Should You Spend On Clothing? (2024) - Fashioncoached

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May 11, 2024 · Most financial experts recommend spending no more than 5% of your monthly take-home pay on clothing. Depending on your salary and spending habits, that percentage …

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FAQs about How much should I spend on clothing? (2023 Budgeting Guide) Coupon?

How much should you spend on clothing per month?

Photo: According to Dunn, you should spend 5% of your monthly income on clothing. To find the exact dollar amount you should be spending per month, multiply your take-home pay by 0.05. For example, if your monthly take-home pay is $3000, you should spend around $150 per month on clothing. ...

How much does a family spend on clothes a year?

The average family of four spends around $1800 per year on clothes, with $388 of this on shoes. What is the average clothing cost per month? Fast, cheap fashion, among other things, has helped lessen how much Americans spend on clothing and related services like dry cleaning and shoe repair. ...

How much should you spend on clothing after taxes?

According to at least one financial planner, you should be spending around five percent of your monthly after-tax pay on your wardrobe. So, if you're bringing home $3,500 after taxes, your clothing budget should be $175/month. If you're bringing home $5,500 a month, then you can bump your budget up to $275/month. ...

How much do you spend on clothes if you make $120,000?

If you make $120,000 per year, you’ll have more to spend on clothing than someone who makes $36,000 per year. There isn’t really a way to make $36,000 and spend as much on clothes as someone who makes $120,000 without engaging in fiscal irresponsibility. ...

Do you really need to spend money on clothes?

No. You don’t. By having clothes that are in great condition – no matter if it’s old, second hand, or whatever – you’ll always look neat and tidy, which is half the battle of looking pulled together anyway. Really, I wrote this article about how much to spend on clothing because I’m fascinated by the way people spend their money. ...

Should you cut your spending on clothes?

Cutting spending on clothes doesn’t mean buying on the cheap. You just need to make sure you get the most bang for your buck—hence the cost-per-wear idea. Spend $150 on a fantastic pair of jeans and wear them three times a week for two years (312 times) and that’s a cost per wear of 48 cents (not bad!). ...