I know some who spend $300+ a month, while others have gone an entire YEAR (or three) without wearing anything new. I seriously don’t know how they do it. Blogger Mapgirl just just calculated her amounts and she’s only spent $373.98 this year! Incredible. I know we all have different shopping goals and all, but she’s a GIRL! How could she beat me? haha…
I don’t consider myself a hardcore shopper or anything, but I’ve def. spent more than $370 for the year. I don’t have the patience to sort through all my c/c statements and add them all up, but if I had to guess I’d say I’ve handed over at least $600 this year. And compared to previous years of $1,000-$2,000, I’ve surely come a long way.
I have a shopping budget of $100 every month, and about $75 of it is set aside for clothes and accessories (man jewelry and all). And to be honest, I really haven’t had the desire to go out and really look for stuff since I gave shopping up last year. The only times I end up looking around is if I have time to kill at the mall or I’m perusing some hot sales at Express or TJ Maxx or somewhere. And even then I usually only buy t-shirts since I wear them to work everyday with a pair of jeans. Luckily, spending $10 or $15 here and there will hardly get me into trouble. It’s when I start looking for jeans or shoes that I end up dropping more than I’d like.
Since I budget everything though (in categories – “shopping”, “food”, “mortgages”) I always know roughly what I’m spending. And all the money saved UNDER budget makes for some great motivation :) Plus, since any extra is sent directly to my savings account, I can look forward to spending it on something really important down the line.
Are you happy with the amounts you’ve been spending on clothes?
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!