It's a pretty simple question, but the answer varies for everyone. I told myself once I started making a legitimate income, I'd put 10% away for luxuries.
I have a lot of money saved up (in the thousands) already, and I frequently eye the pricy articles on the Saks 5th Avenue website. I recently found a pair of Montblanc gold-plated cuff links for about $360 ($515 at retail). Should I?
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Edited by DTL: 8/6/2013 5:05:38 AMI spend as little as humanly possible. "wear it until it falls off, or someone makes you throw it away" I always say.
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You can spend way less on cuff links that will look just as good. When it comes to things like that, being smart and strategic is important. Show me a person who spent $5,000 on clothes, and I can find someone who dresses as good or better who spent only $500. However, it is your money and you are entitled to spend it how you wish.
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If its more than £20, I'm not buying unless its special circumstances. I don't understand why I should spend loads on stuff I don't care about.
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Edited by Failure4Life: 8/7/2013 6:50:36 AMI'm cheap as hell and usually can get jeans for $10 and shirt for $5 at the local Savers. It's amazing how many DC, American Eagle, Hollister, or any brand clothes are cheap there. Not to mention you get a 20% off coupon for donating lightly used clothes. I spend less on clothes than on food and it's amazing.
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About three fiddy
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Who spends money? Seriously guys, haven't you learned to shoplift?
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Not much.
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Depends. Typically about 5-10% of your income is average for a clothing expense. That said, some items, suits, cufflinks, dress shoes and any work related uniforms, can skew that number.
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I would say the cheaper the better, but I just spent 300 dollars on a couple suits so I have no room to talk.
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I'm like you OP, 10% of every pay check goes into an untouched account in the bank.
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5% of income per year sounds right in my head if you end up working in a corporate setting. Buy quality in the beginning. Better to spend $300 on a pair of dress shoes that lasts a decade than $80 shoes every two years.
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[quote][i]In the world I see... you are stalking elk through the damp canyon forests around the ruins of Rockefeller Center. You'll wear leather clothes that will last you the rest of your life.[/i][/quote]
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$6 should buy you just about anything you need.
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I spend about £100-ish every few months on clothes.
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Depends on your income.
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Also, don't go buy one item. Buy a lot of Brooks Brothers, Ralph Lauren (not shitty T-shirts that make you look like some black kid thinking he has money), Southern Tide, Vineyard Vines, Lacoste (not the shitty American Lacoste), and Southern Proper. Buying one expensive piece of apparel and wearing it a lot makes you look like a wannabe.
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$20 for a T-shirt, $50 for jeans, get a new shirt every month and new jeans every 3 and you're set.
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If you're going over £150 per shopping spree you're doing it wrong.
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I don't really see the purpose of cuff links, mind you, I don't wear a suit to work, and when I do wear a suit, my sleeves end up rolled past my elbows.. If I were to wear a suit daily maybe I would appreciate the cuff links, but as of now, I say it isn't the best idea.
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I get moderately expensive clothing but I very rarely clothes shop.
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The only time I spend in excess on clothing is for business suits and other formal attire. Otherwise I shop at Kohl's and junk.
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[quote]gold-plated cuff links[/quote]Since this is sort of on-topic, does anyone else think gold just looks ugly in general?
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You'd better have a nice suit and shirts or else you're just putting nice rims on a corolla.
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I shop at Walmart... Cloths aren't that important to me. I make the cloths look good not the other way around. /ego
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Check my male clothing thread
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[quote]I recently found a pair of Montblanc gold-plated cuff links for about $360 [/quote] No, gold is gaudy and looks bad Spend that money on a nice coat