14th December 2016
The inflation rate in the UK reached a two-year high. As reported by the BBC, clothing prices are a factor. In November, the inflation rate reached 1.2 percent. This is the highest rate since October 2014, where it reached 1.3 percent.
Clothing prices aren’t solely responsible. Rises in the price of petrol also impact the data. But airfare prices fell, helping offset the difference in petrol prices.
Often, the petrol price increases are unavoidable. When you need petrol, you need it. But purchasing clothing provides options in how your money is spent. To help manage the rise in costs, here are some tips to make your clothing purchases count for more.
A quality item of clothing generally lasts longer. It can survive more washes without looking worse for wear. By choosing quality items, you can enjoy more longevity. That means you will not need to purchase a replacement as quickly.
Cheaper items often don’t survive the test of time. So, the lower upfront cost doesn’t always translate into long-term savings. For example, a shirt purchased for £15 that lasts six months is a worse buy that the £25 that lasts one year. You would have to buy two £15 shirts (totalling £30) to get the same amount of life as one £25 shirt.
Before buying, consider how long the item needs to last and if it actually represents a good value when compared to a higher quality alternative.
Neutrals provide more options that bright or distinct colours. However, that doesn’t mean you need to live in a black and white world. Instead, pick a signature colour and a complementary colour. Then balance out your wardrobe with neutrals. Your selections will coordinate better with one another, allowing you to combine different pieces into a wide variety of outfits. That means you don’t need as many clothing items simply because you need to create entire outfits.
Shopping on trend can be fun, but it isn’t always practical. Instead, look for classic cuts, designs, and patterns. When a trendy item falls out of style, you might be uncomfortable wearing it. Certain looks stand the test of time, essentially never falling out of style. This gives you more functional life since everything stays “in style” longer.
If you can’t pass up a trend, look for accessories first. It is normally cheaper to replace a piece of fashion jewellery or a neck tie than shirts or pants. This helps you save money while still acknowledging trends in fashion. And your wardrobe can feel updated without a large financial investment.
Certain staple clothing items go on sale regularly. Keep your eyes open for sales on classic pieces. When the price hits a low, consider buying more than one. That way, you have key pieces available when they are needed, and you won’t be stuck making a purchase when prices aren’t in your favour.
Clothing prices are up today, but that can change. Shifts in the economy might lead to falling clothing prices and rises in other areas. By being aware of the changes, you can adjust you approach in other purchasing categories when the need arises. Then your money can go further, longer.