Content of the material
- Unsubscribe, unsubscribe, unsubscribe
- 15. Shop Before the Weekend
- 13. Swap, don’t shop
- 8. Pack Leftovers the Night Before
- 11. Beware of these common excuses to justify your purchases
- 29. Don’t Spend a Lot for Clothing You Won’t Wear Often
- Go the long way to work/home so you don’t pass the shops
- 11. Make a clothing budget
- 4. Only Shop With a List
- 2. Don’t buy expensive fashion
- Save Money On Clothes
- 3. Remember, the best stuff is never on sale
- 19. Switch to pre-order
- How To Stop Wasting Money Online
- Cancel Subscriptions
- Invest In Learning New Skills
- Do An Email Cleanse To Eliminate Temptation
- Use CashBack and Rewards Apps
- 6. Choose a color scheme you love and stick to it
- 1. Multi-Use Clothing
- Clothes Shopping Tips And Tricks
- General Tips To Stop Wasting Money
- Get On a Budget
- Stop Using Credit Cards
- Don’t Compare Yourself To Others
- Set Meaningful Financial Goals
- Find An Accountability Partner
- Save Money First (In an Inconvenient Place)
- Build An Emergency Fund
- Get Out Of Debt
- Take Care of Your Stuff
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15. Shop Before the Weekend
If you need to shop for clothing, plan your trip for just before the weekend rush. Woroch said retailers begin marking down items they want to push during the weekend on Thursday evenings. Shop Thursday and Friday for a larger selection of discounted goods from which to choose.
13. Swap, don’t shop
Peer-to-peer rental app Nuw launches a new swapping feature this week, allowing subscribers to list clothes in exchange for virtual credit and use it to “buy” items from other people. Swopped.co.uk works on the same principle. Or there’s always the luddite version: gather a group (at a safe social distance) and trade cast-offs. Warning: seeing your old threads on your most stylish friend may induce regret.
8. Pack Leftovers the Night Before
When your calendar’s booked, you’re most likely looking for the easiest way to get food for lunch. Nix your takeout food budget and pack your leftovers from the night before. While some nights you may be booked with events or virtual get-togethers, meal prep once or twice a week to ensure you have food for lunch every day. Simple dishes like chicken and veggies are easy meals to make on a budget.
Bonus step: Organize a “lunch swap” with your coworker so you don’t get bored of eating the same meal.
11. Beware of these common excuses to justify your purchases
When I use to buy a lot of clothes, I was the Queen of excuses. I could justify almost any purchase, even if I didn’t need the item. Have you caught yourself using any of these excuses?
- “It’s on sale“. – Would you have bought this item if it was full price?
- “It’s so cheap“. – Can you see yourself wearing this item at least 30 times? Just because it’s cheap, doesn’t mean it’s a good purchase.
- “It’s the trend right now“. – Will you wear this next season?
- “It’s almost pay day“. – Can you afford to pay cash for it today?
- “I just got paid“. – Did you create a plan for your money when you get paid? Did you set a clothing budget that you can afford?
- “I deserve it“. – There are lots of ways to treat yourself without spending money. Transfer the money you would have spent on clothes to your savings account instead.
- “I’ve been so good lately“. – That’s awesome. You’re doing great. Keep it going! Why ruin all the hard work you’ve been doing?
- “I can always return it“. – Chances are you probably won’t return it.
- “I can always resell it“. – You might not be able resell it for as much as you hoped for.
29. Don’t Spend a Lot for Clothing You Won’t Wear Often
If you live in California and travel yearly to visit Mom and Dad in Michigan, don’t waste a ton of money on clothing for the colder climate. Lori Felix, savings expert and operator of the website More With Less Today, recommends visiting a thrift store and buying what you need for a fraction of the price. You can also leave the clothing in the cold weather locale for your next visit. That way, you don’t have to lug it back and forth in your suitcase.
Go the long way to work/home so you don’t pass the shops
If you work anywhere in close proximity of shops where you can’t seem to pass without emptying your wallet, do yourself a favour and find a different route in.
That way, you don’t have to gaze longingly at the window display before caving in and buying that coat you *really* could have done without.
11. Make a clothing budget
Create a clothing budget as it’s one of the best ways to stop spending money on clothes and change your shopping habits for the better. Budgeting will help you save money and plan how to spend with more satisfaction. If you don’t make a clothing budget, you risk spending way too much on fashion items every month. It’s very difficult to resist buying more and more clothes if you don’t have a spending plan. You can easily improve your shopping habits if you take the time to track what you spend and how much money you have left to buy new clothes. Create a clothing budget to feel more confident about your finances.
4. Only Shop With a List
Write out a shopping list before you enter the store to ensure you get everything you need without any extras. While you’re shopping, only stick to what’s on your list. If it’s not on the list and you haven’t budgeted for it, put it down and just keep walking.
Bonus step: To avoid impulse purchases, unsubscribe from all your email newsletters and delete shopping apps from your phone.
2. Don’t buy expensive fashion
Don’t shop for expensive clothing when you don’t have to. This might seem like the most obvious idea but it isn’t the easiest to do. Prices on new trendy clothing pieces are generally very high. So avoid them as much as you can. Don’t be seduced by high-fashion. I know it’s difficult to resist when we see beautiful luxury pieces worn by A-list celebrities and influencers. It’s very tempting to purchase the same expensive outfits. But you have to resist the temptation to make another impulse purchase if you want to stop spending money on clothes. Focus on building a wardrobe that reflects your lifestyle and makes you happy over buying overpriced fashion pieces.
Save Money On Clothes
It is possible to save money, you must be careful where you spend your money!
Don’t think about your budget after you have spent the money!
The problem, I think, is the amount of credit available. It makes spending money seem possible, what people don’t see is the amount of money they have to pay back.
Credit has become too easy, you can get discounts on purchases and other perks for taking out shop credit cards, but what you also get is an easy way to end up owing a credit company a lot of money without really realizing the situation until it is often too late.
There is a great book, I love the author, he makes so much sense when it comes to budgeting I am sure you will love it too!
Therefore, if you are buying too many clothes, clothes that you don’t need, you need to take action now.
Focusing on the money that you have and your financial goals for the future can help you reduce the number of items of clothes that you buy, which you don’t really need, putting your financial goals first, which is a priority in living within your means.
I’m a qualified organizer and I’ve kept a clean home for over 25 years. I worked in a bank for a few years and saw first-hand the importance of budgeting. Join me as I write about organizing and cleaning your home and life.
3. Remember, the best stuff is never on sale
Shortest horror story ever: Sold out.
If there is something you really need for your wardrobe, that you will wear all the time, then get the best one you can.
By all means, try to get it on sale. But if you wait for a sale, you should be prepared to miss out.
And if you paid full price for it but find it later on sale, who cares? It’s probably not in your size, and so long as you chose well and got your money’s worth it doesn’t matter.
What’s worse — the perfect garment at full price, or the perfect garment sold out?
Think about how much money you’ve spent on clothes, shoes and accessories in the past two or three years. How much of it have you had your money’s worth from? How much joy has each garment brought you?
19. Switch to pre-order
Brands such as Olivia Rose, Birdsong and By Megan Crosby prove that patience is a virtue, and made-to-order fashion is the future. By only making what customers demand, they can minimise waste and manage their labour more effectively – the antidote to fast fashion’s need for speed. Plus, it’s a good way to test your own commitment to a trend. If you can’t wait a few weeks for that new outfit, maybe it wasn’t such a must-have after all.
How To Stop Wasting Money Online
One of the sneakiest ways to waste money, is through online subscriptions that are automatically charged each month. If you want to trim the waste in your budget, do a sweep through your bank account and cancel any unnecessary subscriptions.
Invest In Learning New Skills
If you are set on spending money online, why not spend it on learning a new skill. I am a firm believer that investing in learning new, marketable skills is not a waste of money, as long as you dedicate yourself to it, and don’t go into debt to learn it.
Do An Email Cleanse To Eliminate Temptation
One of the biggest culprits in online spending is your inbox. How are you supposed to maintain a solid financial situation when your whole day is spent scrolling through emails about sales and great new products you have signed up to receive?
Take some time to go through your email and unsubscribe from the email lists that most entice you to waste money. Eliminating theses “spending triggers” can stifle your wasteful spending long into the future.
Use CashBack and Rewards Apps
Since we do not believe in using credit cards to make purchases, we recommend using apps like Ibotta, Fetch, and Rakuten to get cashback and rewards from purchases you make with your debit card.
Just be sure to use these apps on purchases you were already going to make. Don’t go spend money just to get cashback rewards. That would be very wasteful!
6. Choose a color scheme you love and stick to it
A major insight I noticed when taking inventory of my closet is that I rarely wore my bright-colored items. Instead I tended to gravitate towards neutral colors, such as black, white, and grey.
Understanding what colors look best on you and make you feel good can be a huge time and money saver.
PRO TIP: If you’re not sure which colors and clothing items look best on you, invite your fashionable friend over. Ask them to help you create outfits with items you already have.
This can help you save time when getting dressed in the morning because it will be easier to mix and match outfits. You’ll also save money because you won’t be tempted to buy that hot pink jacket at the store, only to realize you have nothing to wear with it when you arrive home.
Don’t want to choose a color scheme? If you feel that sticking to a color scheme is too restrictive, then follow the rule of three instead. This means you only buy something if you can mix and match it with 3 items of clothing you already own. Following this rule can help you spend less money on clothes.
Read Next: How to create a capsule wardrobe
1. Multi-Use Clothing
After February many people start to look forward to spring. When you shop for your winter clothing, you should buy clothes that can be layered so you can continue to use them when Spring arrives. You might buy a thin tank top to go under a flannel shirt. You can use that same thin tank top during spring and summer. Not only will you save more money but you will save more space.
Clothes Shopping Tips And Tricks
Look at the clothes that you have, make sure to wear what you have!
Are the clothes for other family members in good serviceable condition?
If they are, then stop and look at the items that need replacing.
When something’s worn or the item is too small and needs replacing, check to see if there are enough clothes that one or two items removed aren’t going to make much of a difference.
If there is sufficient clothing, don’t be tempted to buy more.
Not only are you saving money, you are saving on the clutter in your home.
The more clothes you have the more storage you need and this too can cause a problem, the only solution is spending money on different storage options and this isn’t good for your budget either.
There are things that you can do to help you avoid spending money on clothes.
- Avoid sales, only go to these if you have a plan and are able to stand firm for what you need and can afford. After all, a sale is a retailer’s way of getting rid of items that might be out of fashion or end of the line. A rash decision whilst trying to find what you are looking for in the heat of the moment can lead to impulse buys which are never any good.
- Create a plan of the clothes that each family member has, it then makes it easy to see what’s needed and what needs replacing. You will know what you have and you won’t be tempted to buy just in case.
- Stay away from shops; if you don’t need anything, going window shopping might make you tempted to buy something you don’t need.
- Create a budget, this is a great way to know what money you have and by creating categories it is easy to see how much money you have available; making decisions is a lot easier when it comes to knowing if you can afford an item or not.
If you need help creating a budget, this article, It’s Easy To Make A Budget has all the information you need!
General Tips To Stop Wasting Money
Get On a Budget
If you want to eliminate wasteful spending, you need to set goals, plan, and track your expenses. It doesn’t matter which area of your finances you are working on; cutting out wasteful spending always starts with a budget.
Stop Using Credit Cards
If you have spent any time on Be The Budget in the past, you probably know how much we despise credit cards. There is nothing more wasteful than paying interest on something you should have saved up and paid cash for.
Plus, credit card purchases are often made in haste, which almost always leads to wasteful spending.
Don’t Compare Yourself To Others
It is amazing the influence other people can have on your finances. Just because somebody else buys a new car, does not mean you have to. This is often referred to as ‘Keeping up with the Jones’.”
The problem with comparing yourself to others, is that you don’t know their financial situation. They might be drowning in debt, and you don’t want to go down that path. It’s not only a waste of money, but a waste of time too.
Set Meaningful Financial Goals
Have you ever sat down and put some financial goals on paper? Do you have a net worth goal for the next 5, 10 or 30 years?
If you don’t set some goals for your finances, how will you know when you get off track with your finances. Set some financial goals as soon as possible, because when you are working toward a big important goal, you are much less likely to waste money.
Find An Accountability Partner
Have you ever had a workout partner?
This is a really common thing in the fitness world, but not so common in the financial world. It’s like people would rather stand naked on a scale at the gym than tell a close friend that they are struggling with debt.
Accountability partners work, so step outside your comfort zone, and build your financial fitness with a partner. You will be amazed at the results. (Maybe you should take some before and after photos of your net worth… just sayin’)
Save Money First (In an Inconvenient Place)
One of the most important things you can do to avoid wasteful spending is limit the amount of money available to you. The best way to do this, is to put money into savings before you spend a dime on anything else. You will be amazed how fast this process with will transform your habit of wasteful spending into creative saving.
Important side note: Make sure to set up your savings account at a different bank than your checking account. This way, it will be harder to cheat, and transfer money out of savings. Also, make it a money market account, or a savings account that keeps up with inflation. For more on this, check out our earlier post, 15+ Good Money Habits.
Build An Emergency Fund
If you were to lose your income today, would you have enough money to support your lifestyle for the next six months, or would you be forced to live your life on a credit card?
If you want to eliminate wasteful spending, you need to build up an emergency fund that can support you in times of need. An emergency fund is the barrier between you and financial struggle, so start building one today.
Get Out Of Debt
If you are in debt for anything, you are not only wasting money on interest payments, you are wasting money on interest you aren’t earning by investing it. Debt is a financial double whammy, and an extremely wasteful way to spend your hard-earned money. So, get out of it as soon as possible.
If you need a little debt-free motivation, check out our post that answers the question: What is it like to be debt free? Getting out of debt has eliminated so much wasteful spending in our life, and it will for you too!
Take Care of Your Stuff
Finally, maybe you have nothing to wear because all of the stuff you love to wear is destroyed. Maybe moth holes keep appearing on favourite jumpers, or maybe you keep shrinking your tops, or maybe you’re just too lazy to iron the shirt you want to wear (guilty, which is why I stopped buying shirts that need ironing).
It helps to understand the basics of clothing care, which seems simple — toss your clothes in the washer and press the button — but there’s a little more nuance to it than that.
For one, your clothing pieces come with complicated symbols that explain exactly how they must be washed. Learn to decipher those symbols (this handy chart can help). Also, here’s a video that explains a few things you’re probably doing wrong with laundry.
For example, most of us use too much detergent, and it can get stuck in the seams and crevices of your clothes.
If possible, avoid the dryer. There was a study presented to the American Chemical Society in which researchers found that drying cotton garments repeatedly caused the clothing to crack. This caused pilling and reduced the garment’s fabric strength by 25 per cent or more. You definitely want to keep delicates, like bras, out of the dryer.
You may want to invest in a few clothing care tools, too, like mothballs, dryer balls and garment bags.
“A closet full of clothes and nothing to wear” is a common problem, and ultimately, the solution comes down to a little more awareness. Most of us don’t give our wardrobes much thought.
We shop when we feel like spending money, if it looks good, we buy it, and then we shove it in our closet with a bunch of other lacklustre pieces. It’s just clothing after all, so who cares? If you find yourself spending way too much on stuff you never use, though, it might make sense to give your purchases a little more thought.