Winter clothing is more expensive, at just the time when we have least money to spare – extra heating costs and Christmas on the way can wreak havoc with our budget. Here are a few tips to help you stay on top of the budget in the chilly months.
Work the percentages – financial planners say you should spent between 4-6% of your take home pay, benefits or grant allowance on clothing. Allow for cleaning clothes in that amount, and if you fall in love with an amazing coat that has to be dry-cleaned you have to include in the budget enough to get your coat cleaned as often as necessary.
Start with work – if you have to spend a certain amount on your career clothing, subtract that from the budget because it’s essential. What’s left is what you have as ‘discretionary spend’, the free money you can use as you choose. A job with a uniform obviously gives you much more scope to buy casual clothing!
Check your goals – if you’re saving to buy a motorbike or your own home, that probably takes priority over clothes, but there may be ways that you can combine the expenditure. A bike requires a good set of leathers or protective clothing … when you buy a jacket, why not make sure it’s a classic style and bike-appropriate – that way you won’t have extra expenditure once you get the bike itself.
Shop as a collective – get together with friends to take advantage of offers like free delivery over a certain amount or special offers such as three for the price of two, and split the savings between you.