I’ve been wanting to share this little nugget of advice for over a year now because it’s pure gold. I’ve held off only because budgeting tools don’t feel quite as exciting to share as really awesome outfit ideas, you know?
The thing is, actioning this one simple piece of advice can change everything for you.
It will take two minutes to do and if you stick with it, I promise it will change the way you see your style and the pieces you decide to buy.
So here’s what you do: go online and open a free savings account at your bank dedicated solely to clothing. Start funnelling money in there monthly. You can choose whatever monthly amount feels comfortable to you, the key is just to create a ritual of putting money in there month after month. (Perhaps you also add extra gift money in there when you receive it, or bonus cheques.)
Why it Works…
For The Over-Spender
{if you tend to have loads of clothes in your closet, this could be you}
You may tend toward buying things just because they’re on sale or “cheap”… budgeting tools like this one will help you realize you can actually buy fewer pieces of higher quality. You’ll be able to “afford” the pieces you actually want.
You’ll finally be tracking the amount of money you’re spending. This alone could be quite eye-opening for you.
You can spend the money in this account guilt-free.
For The Under-Spender
{if you tend to have a hard time spending money on yourself, this could be you}
When you put everyone else before yourself, it’s easy to get to the point of saying, “I can’t afford to go shopping”. You become an afterthought and that feeling is never good. Putting a little bit aside each month that you know you can use to make yourself feel great is a guilt-free way to spend money on yourself.
If you have a frugal partner, this is a great strategy to get them on board with spending money. You need clothes, and rather than worry about explaining yourself every time you spend money, you’ll only be spending money your partner has already agreed to. You get to choose what you spend it on—whether that’s a pair of Manolos or a full shopping spree—hassle-free.
You’ll become conscious of just how little you’re spending on yourself in comparison to others. Where do you need to cut back so you can give to yourself?
No matter whether you’re an over-spender or an under-spender, you will need to acquire clothes for yourself somehow at some point. Using this easy budgeting tool will help you get what you need so you can get dressed each morning in a style that feels good to you.
… And the monthly action of putting money in an account just for yourself can help you feel grateful for everything you do. You may even choose to say a little thank-you to yourself each time you transfer money into your special account.
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