Classic style clothing such as black pants and a white shirt are generally less expensive; they look classy and will last for several years.
As you stand in front of your closet flipping through your clothes, you suddenly think that it’s time to hit the mall for a new wardrobe. However, shopping sprees for new outfits can do some serious damage to your budget. Below are several money-saving tips for you to consider before hitting the sales racks.
Visit Outlet Malls. You can get brand-name clothing or similar items at outlet malls for a fraction of the retail cost. Really shop around though because some stores in outlet malls don’t offer the extraordinary bargains.
Don’t Buy “Dry Clean Only” Clothes. If you buy clothes that require dry cleaning, simply add the cost of each dry cleaning to the cost of the outfit. Even if you paid $40 for a pair of slacks, you will never stop paying for those slacks as long as you continue dry cleaning them. Look for clothing with fabric that is machine washable, to save you from spending extra money at the dry cleaners.
Don’t Over-Accessorize. Accessories can be a good thing when trying to dress up or change the look of an outfit, but too much can get expensive and tend to look gaudy.
Trendy Is Out. It may be tempting to buy all the expensive clothes you see in fashion magazines, but trendy fashions come and go. It’s unreasonable to pay twice as much for name brand clothing when you can get the same quality item for less money. You can still be fashionable while keeping a tight budget.
Cash Back. Almost everyone has at least one shirt in their closet that they haven’t worn in 10 or more years. You could be making money off those old clothes in your closet by selling them to consignment shops. Did you know that you have money sitting in your closet, losing value by the minute?
Tax Deduction. Clean out your closet and donate all your old clothes to charity and you could receive a nice tax deduction on your generous donation.
Commercial Hype. Television is the largest advertising market for any product and often makes it difficult for anyone to resist. Online shopping is also advertised everywhere and the idea of simply pushing a few buttons to make a purchase is simply too easy. Don’t be taken for a financial ride by giving in to the exaggeration of advertisements and infomercials.
Save on Socks. Buying socks all in one color will save you money in the long run because when one sock gets a hole in it, you can still use it’s mate with another pair. Plus, if you have kids, buy the same colored socks just in a different style. This will not only save you money, but it will be easy to sort them out on laundry day.
Watch for Sales. Keep an eye out for sales or clearances, which are usually advertised in your local newspaper or on the radio or TV. Stores usually have racks and racks of clothing they need to get sell quickly to make room for new arrivals, so they’re tagged with a discounted price to help them sell more quickly. You may find the latest fashions at 50 to 70% off the actual retail price (or sometimes more).
School Uniforms. A school that requires uniforms can save you tons of money when your child heads back to school. Private school uniforms may cost around $150 but it will last them all year and if the uniform gets torn, some department stores will replace them for free.
Paint Your Buttons. It seems like the first thing to go on new clothes are the buttons. Avoid this by painting the thread on the buttons with clear nail polish. This will help the buttons stay on much longer than normal. Also, never throw away a raggedy shirt without first removing the buttons because you never know when you’re going to need one for another shirt.
Avoid Dryers. Constantly sticking your clothes in the dryer can cause them to wear out before their time. To keep clothes from looking worn out, consider hanging them outside to dry. Keeping your clothes looking new will help you save money and help them lasting longer.
Seasonal Purchases. Buying winter clothes in the summer and summer clothes in the winter will save you extra money. Seasonal clothes are usually less expensive in the opposite season.
Buy Separately. If you need to purchase suits for work, consider purchasing the suit separately for a cheaper deal. Also, buying the suit separately allows you to mix and match two or three different outfits into the price of one suit.