Cost-Effective Fashion for the Financially-Savvy Millennial
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As a millennial woman, it's important to feel confident about what I wear while being mindful of my finances. The way I easily achieve this is by using a money tracking spreadsheet to calculate the cost per wear of each clothing item in my wardrobe and it’s so easy for you to do! Here's how it works:
In a spreadsheet, input the item name and the cost of each clothing item you own. (Put your best guess at the price of older items and input the cost of new purchases moving forward)
Every time you wear an item, add to the number of times you've worn it.
See the cost per wear of each item. For instance, if you spent $100 on a dress and have worn it 10 times, the cost per wear is only $10.
This method can help you identify which items are worth investing in and which ones are not. It can also help you avoid impulse purchases and focus on buying pieces that you know you'll wear regularly. Plus, it helps you decide which items to declutter from your wardrobe.
Here is a collection of some of my favorite outfits whose cost per wear is below $80!
When it's time to pick out an outfit, use the spreadsheet to filter items by cost per wear. This eliminates the stress of deciding what to wear and ensures that you're making the most out of your wardrobe. Say goodbye to decision fatigue!
If you're interested in optimizing your wardrobe and tracking your cost per wear, I highly recommend using a money-tracking spreadsheet. You can even check out the one I use, available for sale on my website. It includes this feature and SO many more tools to help you with your finances.
With a little mindfulness about your spending and wardrobe, you can look and feel great without breaking the bank. Get a copy of the tracker below and if you’ve already bought it, use the download link to get this updated version with the additional Cost Per Wear feature.
MILLENNIAL MONEY HONEY MONEY TRACKER
Calling all Money Honeys! If you hate budgeting, but love knowing where your money is at all times, this is the perfect Money Tracker to help you achieve your goal of becoming FI/RE (Financial Independence/Retire Early) or work optional. Input your expenses, income, and savings for each month. With tons of automation, your data will output charts and visualizations that help you track your financial goals. Easily screenshot and share on social media and reflect back on your monthly spending. Become more conscientious and intentional with your money!
Start figuring out where all of your money is going with this easy-to-use money-tracking template! This Google Sheet spreadsheet has been paired down for optimum functionality and ease of use with 6 tabs:
• Customize your categories and track annual expenses, income, and savings by category
• View each month's totals and filter each month by date, amount, or category
• See your savings rate, FI/RE progress, and measure your lifetime wealth ratio
• Track your net worth each month and organize your accounts by type, assets, and liabilities
• Keep all of your data on one input tab
• Visualize your money data with 9 different charts!
• Track your Net Zero Shopping progress for the year
• Calculate the Cost Per Wear for all of the clothes in your closet
IMPORTANT!!!
• This spreadsheet is *only* compatible with Google Sheets, not Excel
• You need a FREE Google account to access this spreadsheet
WHY YOU NEED THIS MONEY-TRACKING SPREADSHEET
As someone who has tried (and failed) many times to keep a budget, this spreadsheet is the only thing that has worked to consistently track my money and help me achieve my financial goals. With many years as a personal finance creator perfecting and iterating on this spreadsheet, it's finally time to bring it to the world. This is the only money spreadsheet you'll ever need! Here are a few useful features included in this spreadsheet:
• Month filters on a single tab to reduce the number of tabs
• Detailed instructions that will take you through the setup of your spreadsheet
• A simple, colorful minimalistic design to make money more fun and beautiful!
• Change to different currencies
AFTER YOUR PURCHASE
After your payment has cleared you will be able to download your files instantly!
Disclosure: Some links are affiliate links, meaning, at no additional cost to you, I may earn some compensation. All opinions are 100% my own! I truly appreciate you and your support. :)
