Several years ago, I worked in retail management. When I worked there, I spent way too much money on clothing and I definitely had a clothing problem.
I won’t say the dollar amount (yes, I am embarrassed), but it was a ridiculous amount. With our work computers, we could check how much money each of the employees spent just at that one store alone, and one of the girl’s I worked with had a dollar amount of over $12,000 since she started working there.
According to data from the Bureau of Labor Statistics, the average person in the U.S. spends around $1,700 on clothing each year. Even this amount sounds like a lot to me. I don’t know what the average clothing budget is, but I’m assuming that most people set their average clothing budget much lower than this $1.7K number.
Since I left that job, I have learned how to properly shop and budget for clothing. I don’t spend anywhere near the amount that I used to spend, and I don’t think I even spend $1,700 a year either.
Here is what you can do to lower your clothing spending expenses and buy clothes on a budget: [Read more…]