And it’s kind of good news
Hands up who doesn’t buy a top (or two) as a treat come pay day? And then a pair of shoes as a little pick me up on a bad day?
But then the guilt inevitably sets in. Should you be spending money on clothes when you have rent, groceries and other slightly less exciting things to factor in?
Well, put your mind at rest, because we finally have an answer to the whole ‘how much is too much?’ question.
According to Elite Daily, most financial experts say around 5% of your annual salary (after tax) is an acceptable amount to spend on clothes.
So, say you’re on an annual salary of £28k, that would mean about £1,110 to spend on clothes a year. Monthly, that’s a pay of £1,850.60, which equals a clothing budget of £92.50.
Which isn’t too bad really. Depending on where and how savvily you shop, you can definitely get a new outfit for that price.
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Obviously, you don’t have to spend that amount on clothes if you don’t want to (eating is obviously quite important), but it might make you feel a little less guilty next time you fall in love with a pair of shoes.
