Kat, there have been some interesting discussions lately about spending limits and annual clothing expenditures. How about doing an open thread on how much people spent in 2012 on clothing and accessories? You could ask people to list total amount, best/worst purchases of the year, industry, level of experience (ie: 5th year associate in big law), and perhaps salary or how much they spent as a percentage of total salary. I think this would be a really fascinating discussion!
This should be a fun one. We’ve kind of talked about this before, discussing how much you expect to pay for general items of clothing, as well as how to set a budget, but we’ve never really talked about a clothes budget. (I have asked the question in surveys to readers — in our last survey, taken in August 2011, 40.2% of readers responded that they had spent “$500-$1000″ on clothes for the first half of 2011, with 27.8% saying “less than $500″ and 22.7% saying “$1001-$2500.”)
So, readers, how much do you spend on clothes? Do you set an “annual budget” for yourself? How do you enforce it? [Read more...]