How much should I spend on office clothes?

As a general rule, plan to spend 5-10\% of your monthly take-home income on clothes. What’s your take-home income? The part of your salary that actually ends up in your bank account after taxes, retirement savings (401k, IRA), and any other deductions. Here’s how that might pan out at different phases of your career.

How much money does an average person spend on clothing?

The average person spends around $161 per month on clothes – women spend nearly 76\% more than men do on clothing in a year. The average family of four spends around $1800 per year on clothes, with $388 of this on shoes.

How much should you spend on clothing per year?

The average household spends around 3.8\% of their income on clothing. Families bringing home the average $64,175 annually spend around $2,440 on clothing per year.

How much should you spend on clothes for a new job?

Spend around $300, or 5-7\% of your first paycheck The general rule of thumb is that your clothing budget should comprise no more than 5\% of your income.

What is a reasonable clothing budget?

According to Dunn, you should spend 5\% of your monthly income on clothing. To find the exact dollar amount you should be spending per month, multiply your take-home pay by 0.05. For example, if your monthly take-home pay is $3000, you should spend around $150 per month on clothing.

How much does the average 18 year old spend on clothes?

Given those numbers, one could average a figure of $2050 a year on clothes or about $40 a week per individual teen.

How much should you spend on clothing and services?

Spending $161 per month on clothing and services is average for adults. Middle-age adults spend about $50 more per month. They also make more money, so they have more to spend. Just how much should you budget?

How much do cloths cost?

Read our report to learn the surprising statistics of clothing expenditures throughout the U.S. How much does the average adult spend on apparel and services per month? The average adult aged 25-34 spends $161 per month on clothing. Adults aged 35-44, however, spend slightly more, at $209 per month.

How much should you budget for designdesigner clothing?

Designer clothes are more popular in city areas, causing the clothing in urban areas to be more expensive than clothing typically available in rural settings. If you live in a city, you may want to budget accordingly, with 6 percent to 7 percent of your monthly expenses set aside for clothing.

How much does the average person spend on shoes per year?

On average, women aged 16 and overspend 76\% more than men of the same age. Women spend around $571 per year. Women aged 45-54 also spend the most, though, at $793 per year. How much does the average family spend on shoes per year? The average family spends around $388 on shoes per year. However, the 35-44-year-olds spent the most in this category.