Cost Per Wear: Frugal Living

A new way to look at your wardrobe – how much do you pay for cost per wear on your clothes?  It may cost $40 to purchase the items, but how many times are you going to actually leave the house in it?  That’s the way to perceive the value of your wardrobe.  That’s how my Dad made me look at my clothes.  Especially when we were out shopping.

There are two ways to determine your cost per wear for your wardrobe:

1) The price to purchase the item divided by the number of times you see yourself wearing it.  For example, $40 blouse divided by the 5 times you see yourself leaving the house in it equals $8 per wear.

2) Take the price to purchase the item divided by the value you imagine each wear will bring.  Let’s say that you buy a dress for $80 and you imagine each wear worth about $20.  That means you at least have to wear the dress 4 times to get an equal cost/value.

See?  Simple.

Next time you are out shopping the racks ask yourself, “is the price per wear worth it?”

If it’s yes and you have the extra spending money then buy.  If the answer is no or you do not have the extra cash then walk away.


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Meredith Rines, a budget and financial strategist helping fans pay off debt and live the life they've always wanted.

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