Clothing Budget for a Family
Assistant professor, Dept. of Fashion Design
KCC Women’s College (Affiliated by Khulna University)
A family budget is the main tool used to manage personal finances and save money. A family budget can be simple or detailed, depending on ones need for track ones income and expenses for an entire month to make a family budget.
Clothing budget for a family:
Clothing is the second basic need of human being. When you prepare a family budget, you must consider your family clothing needs. Most essential items are must be include in your clothing budget. so, before making a clothing budget you want to get the perfect information and needs about clothing for every members of your family.
Restrict oneself from impulse buying. Hold oneself to the rule of buying clothes only if one or one family absolutely needs them. Purchase new items of clothing, wisely. It is best to invest in a few staple pieces that match existing pieces in one’s wardrobe and can be worn in a variety of styles.
Take advantage of end-of-season clearance and buy out specials, especially on big ticket items such as winter coats. One can easily find discounts of 75% or more on winter clothing at the end of March or April, and summer clothing at the beginning of August and September. This can be a bit trickier for younger children because they outgrow things so quickly, but for teenagers and older children one can find significant savings.
Consider setting up a schedule for purchasing new clothes, and make sure children are aware of the new ruling. It makes sense to shop in the late summer for new school clothes and proper fitting shoes for the fall- repeat the process in the spring. Before going shopping for new clothes, have one family go through their closets and remove clothing that they no longer wear or outgrown.
Creative thinking and flexibility are the keys to keeping one family budget intact. These tips will help one stick to a strict clothing budget and save money for more important things. And with a family there is always something (or someone) that needs money.