Budgeting tip: Seven Ways to Save on Clothes
For many people in India, shopping for clothes is a beloved activity, and updating their wardrobe is a source of joy. Fashion allows individuals to express their unique style, and acquiring new clothing items can be a mood-booster. The per capita monthly household consumption expenditure more than doubled from 2011–12 to 2022–23, according to a report by the Ministry of Statistics and Programme Implementation. The report found that Indians are spending more on consumer items like clothes than on food.
However, let's acknowledge that clothing expenses can add up quickly. If you're passionate about fashion, it's easy for your clothing budget to spiral out of control. According to statistics, the average Indian household spends a significant amount on apparel each year. In fact, approximately 65% of young people aged 20 to 30 spent up to Rs 5,000, and 19% spent more than that on apparel. But overspending on trendy outfits or designer labels can strain your finances unnecessarily.
Here are 7 practical ways to cut down on clothing expenses without compromising on style:
Shop the End-of-Season Sales: Take advantage of sales at popular Indian stores like Lifestyle, Shoppers Stop, or Pantaloons. Seasonal discounts can help you snag fashionable items at discounted prices.
Host a Clothing Swap: Organize a clothing swap with friends or family members. This way, you can refresh your wardrobe without spending a rupee. Make sure to invite people who wear similar sizes and set some ground rules for the swap.
Ask for a Discount on Damaged Clothing: When shopping at stores like Westside or Central, don't hesitate to ask for a discount if you notice any imperfections in the clothing. Many stores are willing to reduce the price for minor defects.
Look for Coupon or Promo Codes: Before making online purchases from Ajio, Myntra, or Flipkart Fashion, search for coupon codes or promotional offers. These discounts can help you save money on your clothing purchases.
Mend Your Clothes: Instead of discarding clothing with minor damages, learn basic mending techniques. You can find helpful tutorials on YouTube or invest in a sewing kit from Fabindia to repair your clothes at home.
Buy Generic Brands for the Basics: For everyday essentials like t-shirts or kurtas, opt for budget-friendly options from stores like Max Fashion, Reliance Trends, or Fabindia. You'll get similar quality at a fraction of the cost.
Create a Capsule wardrobe: Invest in timeless pieces from brands like W or Biba that can be mixed and matched to create versatile outfits. A capsule wardrobe consists of high-quality staples that withstand changing trends, allowing you to save money in the long run.
These are just a few strategies to help you save money on clothes without sacrificing your style. By being mindful of your spending habits and making smart choices, you can build a fashionable wardrobe without breaking the bank.
Additional FAQ from SoFi Learn
How can I stop spending money on clothes?
One of the best ways is to simply remove the temptation, especially if you’re prone to impulse spending. If you like to shop online, unsubscribe from retailer emails so you won’t be alerted to new items and sales. Feel the itch while scrolling through your phone? Put it down; pick up a book, or watch a movie instead. When you’re out and about, resist going into your favorite stores. Vow to commit to a 30-day shopping sabbatical and see how much money you’re able to save as a result.
Are there ways I can take better care of my clothing so they’ll last longer?
Yes. Follow the washing instructions carefully, let items air-dry when possible (instead of exposing them to a hot dryer), and store them in a cool, clean, and dry environment out of the sunlight, which can cause fading. Also fold heavy sweaters instead of hanging them to prevent the fabric from stretching.
Should I only buy cheaper clothes?
No. Sometimes spending more means you’ll get a well-made, high-quality garment that will last for years. Look for these pieces on sale at major department stores and at discount retailers.
Resources:
Discretionary expense on apparel among consumers across India in 2020, by age
Kapda, Roti, Makaan! Fashion Expert Explains Rise In Consumer Spending More On Clothing Than On Food
Statistics Ministry report. Private Final Consumption Expenditure in FY22: Textiles top the list, followed by alcohol & footwear