10 Ways Dressing Like a Minimalist Can Save You Money

I used to make a game out of finding people who were “well off” at the mall. After years of observing, I’m fairly confident that I have nailed how to find people with tons of money. Now, here’s the catch. It’s not the people with the flashy, designer purses, the suit, or the bling. Oh no. Those people may be well off of course or they just might be fantastically in debt. I’m talking about the people with simple clothing, high quality shoes, and a clean cut appearance. I’m telling ya… It’s the frugal people who are killing it at life. The people who keep things simple and choose a more minimalist wardrobe. I can’t tell you how thrilled I am to be living in a time when it’s cool to dress simple and have more money in your life. So let’s talk about how to dress like a minimalist…and have more money.

*This post contains affiliate links. Although I may make a commission, all recommendations are my own.

The dress like a minimalist savings plan

While being a minimalist is all about owning the things (and wearing the things) that bring you the most joy, there are some basic rules you can follow that allow you to have more money by dressing like a minimalist.

Neutral Colors

So why have neutral colors been tied to minimalism? Quite simply because they stand the test of time. Just like the little black dress will never go out of style, neither will white, grey or simple earth tones.

With neutrals, there is no “hot color” of the season which means your wardrobe never goes out of style.

Having basic neutral items like tank tops, tees and sweaters help you to keep and maintain your wardrobe longer which ultimately leaves you more money in your budget and less time having to keep up with the latest trends.

Neutral colors are so simple and timeless.

Avoid sales

I used to get so excited by a sale or a clearance section. Instead of buying clothing items I truly loved, I just headed for good price tags.

In the same respect, you could quickly find an over-priced item that in the heat of the moment you feel like you have to have only to leave the store with buyer’s remorse.

By being more conscious about what you want in your minimalist wardrobe, you naturally find yourself with more money in your pocket! When you know exactly what your style is, it makes it easier to avoid buying anything that doesn’t fit.

Must read minimalist wardrobe posts:

Plan your purchases

Instead of just heading to the mall to browse, make sure you are going with an intention.

Think through your purchases ahead of time and make well-planned choices on items that you want to buy.

Just taking the time to slow down your impulse to spend is a great way to avoid unnecessary spending and will make sure you have a closet full of only items that you love.

Planning your purchases ahead of time ensures that you have a closet filled with only things that you love.

Save on what you want

Once you know you want a particular item, my biggest tip is to wait for coupons, sales or discounts that you can use that help you save even more.

Best rebate apps that pay you

  • Ibotta – Before I head to my favorite stores, I will always check Ibotta to see if the store I am shopping at gives a percentage back on purchases. Get $10 in cash with Ibotta when you sign up.
  • Rakuten – You can go to the Rakuten website and login to your account, (get $10 for signing up) and see what stores are offering rebates that day. A lot of times trying on clothes in the store and then buying online is a great way to save more because online clothing is usually less expensive and you can use Ebates to get more money back.
  • Dosh – With Dosh, you don’t have to search for rebates or scan coupons. If you make a qualifying purchase with one of your accounts, Dosh instantly gives you rebate money. Get $5 when you link your first card.
You can still save money without being a clearance shopper.

Be picky

You know that moment in the dressing room when you can’t quite decide if you like the new top you are trying on. Well, I say, DITCH IT!

It’s not always easy walking away from a kind of cute shirt, especially if it’s on sale. You might even spend your time trying to talk yourself into the purchase. “Well, I could wear it when I…” “It might look good with…”

No. Just no.

If you try on an item and you aren’t instantly in love with the feel, color and how it fits you, then do not bring it home with you. Dressing like a minimalist is all about keeping things simple and only putting on your body that which makes you instantly feel joyful.

Never leave the fitting room with something you don’t totally love.

Ignore the trends

Who cares what you should be liking these days. Ignore the ever-changing fads and only focus on what you like.

Fads are ever changing but something that brings you joy can last forever. I’m not saying it will, but it might.

Quality over quantity

My method of shopping back in my shopaholic days was finding the best bargains around. This left me with a closet full of clothes I kind-of liked that were poorly made…and an empty wallet.

Instead, save your money, make smart purchases and buy only items that are of the best quality and are sure to stand the test of time.

That might mean you are buying one pair of $50 jeans instead of 10 shirts at $5 a piece.

Dressing like a minimalist is all about finding quality in the things you own. So don’t be afraid to own the best.

Buying one high quality item for $75 is far better than 5 pieces for that same price.

Re-evaluate your closet

Don’t think that just because you decluttered your closet once that you are officially in the clear. Oh no.

It’s so important to keep re-evaluating the things that you own. What once brought you joy, may no longer serve you and that’s ok.

Check out our KonMari Closet Makeover (Couple’s Addition)

The decluttering process doesn’t ever have to stop. It’s all about being intentional.

Stick to a budget

Lastly, make sure you are sticking to a budget whenever you are shopping for new clothes. My Fun Sized Budget Bundle is a great place to get started with simple budgeting methods.

You could set aside something as small as $25 per month into a clothing fund so when you are ready to make a new purchase, you already have some money set aside.

Sticking with a budget in every area of your life is a helpful way to have more money in your pocket and more control of your entire life.

Make money with your savings!

Once you have gotten in the habit of making more conscious decisions, with your minimalist wardrobe, your style becomes a lot more clear.

The first step in making money when you dress like a minimalist is to ditch all the clothes in your closet that you no longer need. Places like Facebook Marketplace or online thrift stores are a great place to start.

Another great way to make money is to check your budget and see how much you’re saving by not over-spending on your clothing budget.

Now, instead of blowing your money on the latest trends and impulse purchases, savings or investing into accounts that actually pay you to save. This way, you’re not only saving money, but you’re also making money.

Accounts that pay you to save

Investing can be such an intimidating thing if you’re not sure where to get started. Thankfully, there are a ton of great outlets to help you feel comfortable.

  • Morning Star – Get a free 14 day trial of Morning Star Premium to help you find, evaluate and manage your investments.
  • Motley Fool Stock Advisor – If you have no idea how to start investing and aren’t sure who to trust to help you, The Motley Fool has a yearly membership called The Motley Fool Stock Advisor. For $99 per year, you gain access to all of their stock investor tips that have an average return of 360% — That’s huge!
  • Savings Builder – Get up t a 2.45% interest rate with CIT Bank by depositing only $100 per month into a Savings Builder account!
  • Wealth Mastery Stocks and Finance – Get a complete guide to investing and stocks. Learn how to build wealth, how to trade and how to select a financial advisor to help you with all of it.

Choose your dream

At the end of the day, you make the choice where you want your money to go and what is more important to you.

If you just gotta have the latest trends and styles to feel your best, then go for it, just be smart about it and make sure you are also financially taking care of yourself first!

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