We can confidently say that we spend a significant portion of our hard-earned wages on clothing, but what exactly is it? should our clothing budget? To be completely honest, we had no idea, which is why we were excited to research this story. And just in case you’re also in the dark about your drinking habits, we thought we’d bring the issue to light with a super simple equation.
To get to the bottom of this, we turned to award-winning financial planner Pete Dunn. Based on his expertise, we calculated what your monthly clothing cost should be based on your salary. And because we always tolerate adding a few pieces to your wardrobe each month, we’ve included a few budget items we recommend for each of the salaries listed below. Keep scrolling to prepare for your reality check.