Five ways to recession-proof Your Closet | The Frugalista

Five ways to recession-proof Your Closet

by frugalista on August 29, 2008

Happy Fab Friday Frugalistas! We have a guest blog today from Kathyrn Finney, a.k.a., The Budget Fashionista. Kathryn created The Budget Fashionista in early 2003 from a "love of fashion, but a lack of cash." The site has become extremely popular, spawning the bestselling book How to Be a Budget Fashionista. With Labor Day a few days away, this Frugalista asked the Budget Fashionista for some shopping tips.

Five Ways to Recession-Proof Your Closet by K.Finney


1. Remember the 70/30 rule. Fashionistas with limited budgets should follow

the 70/30 rule: 70% of your closet should be classic pieces, 30% trendy

pieces. Go as cheap as possible on trendy items because they have a short

closet lifespan; purchase these pieces at stores like H&M, Target, Forever

21 and Bluefly. Go designer on classic pieces like black suits, coats,

evening wear, and purses.

2. Locate the nearest thrift store. Use thrift stores to add a bit of

originality to your wardrobe. Print out my guide to designers and search for

pieces like vintage jewelry, designer dresses and quality inexpensive coats.

3. Recycle fashion. Pay a visit to your mother and/or grandmother. While

you’re there, offer to help clean out her closet. You’ll be amazed at the

goodies you’ll find. While visiting my grandma in Milwaukee, I discovered a

vintage Coach saddle bag, dating from around 1960, in mint condition in a

box of old magazines. If you are unable to visit a relative’s closet, hold a

clothing swap party with your friends. Ask everyone to bring unwanted,

high-quality clothing to exchange for similar items from other party-goers.

4. Leave the debit and credit cards at home. I have a friend, who shall

remain nameless, who views paying for purchases with plastic cards as not

spending "real" money. Paying with cash gives you an instant visual

indication of how much you’re spending.

5. Learn where and when to buy. July/August and late January/February are

the best times to hit the stores for deals. Write down the names of your

favorite stores; go to their websites, and register to receive coupons,

special invitations and notifications of new products. Outlet stores are

also great sources of designer goods.

What do you think about Kathryn’s tips? Are they frugalistic? How do you look good for less? Have a great holiday.

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