In Smart Spending, By MyFinance Staff, on January 31, 2023

How to Save Money on Clothing

Clothing is a necessary expense, but it can also be one of the largest expenses in a person’s budget. However, there are ways to save money on clothing without sacrificing style or quality. Here are some tips on how to save money on clothing:

Shop sales and clearance racks: Retailers often have sales and clearance events, where items are discounted at a lower price. Take advantage of these events and stock up on clothing at a lower cost.

Buy basics in bulk: Basics such as t-shirts, socks, and underwear can be bought in bulk at a lower cost per item.

Consider second-hand clothing: Second-hand clothing, such as items from thrift stores or consignment shops, can be purchased at a fraction of the cost of new clothing.

Invest in quality pieces: While it may seem counterintuitive, investing in quality pieces that will last longer can save money in the long run. Look for pieces that can be dressed up or down, and can be worn for multiple seasons.

Limit impulse purchases: It can be tempting to buy clothes on a whim, but these impulse purchases can add up quickly. Take time to consider if a piece is a necessary purchase before making the purchase.

Mend and alter clothing: Instead of buying new clothes, consider repairing or altering clothes that no longer fit or are in need of some TLC. This can extend the life of a piece and save money in the long run.

By following these tips, it is possible to save money on clothing without sacrificing style or quality. It may take a little extra effort, but the end result of a larger savings account will be worth it.

Online vs In-Person Shopping

Both shopping online and shopping at physical stores have their pros and cons when it comes to saving money on clothing. Here are a few factors to consider when deciding which option is best for you:

Online Shopping:

  • Convenience: Online shopping allows you to shop from the comfort of your own home, without having to leave the house.
  • Wide Selection: Online shopping offers a wide variety of clothing options, from multiple retailers, all in one place.
  • Discounts: Online retailers often offer discounts and sales that may not be available in physical stores.
  • Comparison Shopping: Online shopping makes it easy to compare prices from multiple retailers, ensuring you get the best deal.

In-Store Shopping:

  • Try Before You Buy: Shopping in physical stores allows you to try on clothing to ensure it fits and meets your expectations.
  • Immediate Availability: Shopping in physical stores means you can take the item home with you right away, without having to wait for shipping.
  • Deal Hunting: Shopping in physical stores allows you to take advantage of in-store sales, clearance events, and other discounts.
  • Personal Touch: Shopping in physical stores allows you to receive personal attention and help from sales associates, who can help you find the right clothing items.

Ultimately, the best way to save money on clothing depends on your personal preferences and shopping habits. Consider the factors that are most important to you, such as convenience, selection, discounts, and trying before you buy, when deciding whether to shop online or in-store. Both options can be effective for saving money on clothing if done smartly.

Websites That Help You Save

Here is a list of websites that can help you save money on clothing:

  • Amazon: Amazon offers a wide selection of clothing at competitive prices, as well as frequent sales and discounts.
  • Overstock: Overstock is a website that offers discounted clothing, shoes, and accessories from a variety of brands.
  • Macy’s: Macy’s offers frequent sales, discounts, and coupon codes for clothing, shoes, and accessories.
  • Nordstrom Rack: Nordstrom Rack is the discount arm of Nordstrom, offering clothing, shoes, and accessories at discounted prices.
  • Zulily: Zulily is a daily deal website that offers limited-time sales on clothing, shoes, and accessories for women, kids, and home.
  • J.Crew Factory: J.Crew Factory offers discounted clothing and accessories from J.Crew at a lower cost.
  • Old Navy: Old Navy offers affordable and stylish clothing for the whole family, with frequent sales and discounts.
  • Forever 21: Forever 21 offers trendy clothing at affordable prices, as well as frequent sales and discounts.
  • Target: Target offers a wide selection of clothing, shoes, and accessories for the whole family, with frequent sales and discounts.

These websites are a great place to start when looking to save money on clothing. Keep an eye out for sales, discounts, and coupon codes to maximize your savings.

The Biggest Threat To Saving Money

The biggest threat to saving money on clothing is overspending due to various factors such as impulse purchases, following fashion trends, and being influenced by sales and discounts. People may feel the need to constantly update their wardrobe, leading them to buy items they don’t actually need. Additionally, the ease of online shopping and constant marketing can contribute to impulse purchases and overspending. To save money on clothing, it’s important to set a budget, make a list before shopping, and wait before making a purchase to avoid impulse buys.

Limiting impulse purchases can be challenging, but it is an important step towards managing your finances and avoiding overspending. Here are some tips to help you limit impulse purchases:

Plan your shopping trips: Before you go shopping, make a list of what you need and stick to it. This will help you avoid buying things you don’t actually need.

Set a budget: Decide how much money you can afford to spend and stick to it. This will help you avoid overspending and buying things you can’t afford.

Wait before making a purchase: Take a step back and wait before making a purchase. Ask yourself if you really need the item and if you will use it in the future. This can help you avoid making impulsive purchases that you may regret later.

Avoid shopping when you’re emotional: Shopping when you’re feeling stressed, bored, or upset can lead to impulse purchases. Try to avoid shopping when you’re feeling emotional and instead, find other activities to do.

Use cash instead of credit cards: Using cash instead of credit cards can help you stay within your budget and avoid impulse purchases. When you use cash, you can see how much money you’re spending and avoid overspending.

Remove temptation: Unsubscribe from marketing emails, unfollow brands on social media, and remove any other sources of temptation that may lead to impulse purchases.

By following these tips, you can limit impulse purchases and improve your overall financial health. Remember to be mindful of your spending and make purchases that are intentional and align with your long-term goals.