We can confidently say that we spend a substantial amount of our hard-earned paycheck on clothes, but what exactly should our clothing budget be? To be quite frank, we had no idea, which is why we were excited to research this story. And just in case you’re in the dark about your spending habits as well, we thought we’d bring the matter to light with a super-simple equation.
To get to the bottom of it, we looked to award-winning financial planner Pete Dunn. Based on his expertise, we calculated what your clothing cost per month should be based on your salary. And because we still fully condone adding a few pieces to your wardrobe each month, we included a few on-budget items that we recommend for each of the salaries listed below. Keep scrolling to get ready for your reality check.
