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Oh My Dollar!

122 EpisodesProduced by Oh My Dollar!Website

Lillian tackles your money overwhelm with practical, approachable financial advice with a dash of glitter. She will teach you how to reduce your money stress, budget, get out of debt, plan for retirement, support causes you love, travel affordably, and escape the paycheck-to-paycheck cycle. Got a q… read more

34:55

How much should you budget for clothing?

Clothing - it can be a luxury item but it's also a necessity, if you live in polite society. How much should you spend on clothing in a year? How do you balance your budget with your values if you don't want to buy fast fashion items? Do you need to buy high-end sustainable fashion?  Do you have to thrift everything? How do you calculate cost-per-wear? How long are socks really supposed to last? Lillian (4'11") and Will (6'5") talk about the differences in budgeting for clothing based on your height, your job, and your climate, and include some quotes from listeners about their own clothing budgets.  The "rule of thumb" is 5% of your take home pay - but how does that map out? Is that realistic?

Links mentioned

Lillian's spreadsheet of her entire wardrobe + fun graphs on Racked.comA 1940's wardrobe plan + budget from glamourdazeA 1946 wardrobe budget plan from Seventeen MagazineStylebook App, which calculates cost-per-wear for your closetCollette Pattern's Wardrobe Architect blog post seriesThis is just a very cute youtube video by two of my fav youtubers where they kon-mari'd their extensive wardrobe - hey it's my podcast, I can include cute links if I wantHow to Organize a Clothing SwapThe Luxe StrategistPlease come join us

We finally have a forum! Join us at forum.ohmydollar.com is a great non-judgemental place to ask questions or participate in our daily check-ins and challenges. We've only been open for three weeks but we're going strong with lots of fun discussions. Please join!

Ask us a question!

We love hearing from you! Email us your clothing budgets or other financial thoughts at questions@ohmydollar.com or tweet us at  @anomalily or @ohmydollar

This show is made paw-sible by listeners like you

We absolutely love our Purrsonal Finance Society Members, the folks that generously support Oh My Dollar with $1 or more a month on Patreon – and have made is so we have free, full transcripts for every show on ohmydollar.com. This episode was underwritten by patron Tamsen G Association and Chris Giddings. To learn more about being part of the Purrsonal Finance Society and get cool perks like exclusive livestreams and cat stickers, you can visit ohmydollar.com/support

Other Episodes You Might Find interestingCurbing Impulse Purchases + Regrettable Spending Debt-Free and Queer ft David Auten and John Schnieder Money When Depressed What if your life decisions were made by the stock market? ft. KmikeyM

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