This is how much you should really be spending on new clothes each month - YOU Magazine Fashion Beauty Celebrity Health Life Relationships Horoscopes Food Interiors Travel Sign in Welcome!Log into your account Forgot your password? Password recovery Recover your password Search Sign in Welcome! Log into your account Forgot your password? Get help Password recovery Recover your password A password will be e-mailed to you. YOU Magazine Fashion Beauty Celebrity Health Life Relationships Horoscopes Food Interiors Travel Home Fashion This is how much you should really be spending on new clothes each month By You Magazine - May 17, 2018 If there’s one thing we have a weakness for, it’s shopping. There’s nothing better than treating yourself to a great new dress or a pair of killer heels now and again, but for many of us (consider the YOU mag office guilty), ‘now and again’ is often code for all the time – and it isn’t healthy for our bank accounts. But what if we were able to reach the perfect balance between keeping our wallets heavy and our wardrobes on trend? You’re probably thinking it sound too good to be true, but it isn’t… Getty Images According to financial expert, Peter Dunn, that perfect equilibrium does exist. The key, as suggested by him and many other financial advisers, is to stick to only spending 5% of your take home salary per month. While that doesn’t sound like a lot, it isn’t all that bad when you do the maths, although it does depend on your salary. For example, if you earn £25k a year, you can spend £1250 annually on clothes. Or, if you take home a monthly salary of £1,600, that’s £80 you can use to treat yourself and feed your fashion habits each payday. Plus, with frequent retail sale seasons throughout the year, your monthly buys will soon add up – you may even end up giving Carrie Bradshaw a run for her money. The sum is, of course, just a suggestion; you can spend as much or as less of your own hard-earned cash on clothes as you want, and you may prefer to save for an investment piece rather than make smaller, regular purchases. However, it does provide us with an idea of how much we can roughly afford to splash out on the ‘new ins’ at Marks and Spencer and Zara without being completely skint at the end of the month – and frankly, for us, that’s extremely valuable. RELATED ARTICLESMORE FROM AUTHOR Rochelle Humes has launched a gorgeous new edit with Next Shop the YOU Magazine Instagram YOU picks the best new-in buys from M& S Popular in Fashion Laura Jackson has teamed up with Next for the chicest knitwear January 22, 2020 Holly Willoughby’ s birthday dress is another Zara bargain February 10, 2020 The Instagram-famous & Other Stories wool blazer is back in stock August 31, 2022 Lorraine just wore Emma Willis’ Next collection from head to toe March 17, 2020 The prettiest spring dresses under £100 March 1, 2022 Everyone is buying Holly’ s gorgeous gingham Oasis dress May 14, 2020 13 bargain dresses to buy in ASOS’ s extra 20 per cent June 10, 2020 This £20 H& M dress is set to be the social media June 26, 2020 Stacey Solomon x Primark is back for a third collection with July 20, 2020 Searches for this perfect heatwave summer top style are up 5000% August 10, 2020 Popular CategoriesFood2704Life2496Fashion2240Beauty1738Celebrity1261Interiors684 Sign up for YOUMail Thanks for subscribing Please check your email to confirm (If you don't see the email, check the spam box) Fashion Beauty Celebrity Life Food Privacy & Cookies T&C Copyright 2022 - YOU Magazine. All Rights Reserved