How much does one person spend on clothes per month?
According to at least one financial planner, you should spend about five percent of your monthly tax bill on your clothing. So, if you take in $3,500 after taxes, your clothing budget should be $175/month. If you bring home $5,500 a month, then you can bump your budget up to $275/month.
How much should I give my teen for clothes?
A reasonable clothing budget for a teenager can range from $50-$100 a month and should get the necessities needed for everyday life while in school. A monthly clothing allowance ranging from this amount is enough for teenagers to buy most clothes, including sweaters, jeans, and underwear.
What is a reasonable clothing allowance? According to Dunn, you should spend 5% of your monthly income on clothing. To find the exact dollar amount you need to spend per month, multiply your take-home pay by 0. Read also : Does the Queen dress herself?.05. For example, if your monthly salary is $3000, you should spend about $150 per month on clothing.
How much does the average person spend on clothes a month?
The average household spends on clothing per month is about $120 (that’s $1,434 per year). That number includes clothing products, and services such as tailoring. On the same subject : What are the 7 rules of money?.
How much should you budget monthly for clothes? Most financial experts recommend spending no more than 5% of your monthly salary on clothing. Depending on your salary and spending habits, the percentage may seem like too little or too much.