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 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 simply and have more money in your life. So let’s talk about how to dress like a minimalist…and have more money.
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The 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.
If you want to be someone who buys only quality clothing that you absolutely LOVE…then start planning to spend money on your wardrobe!
That being said, there are some basic fashion trends and helpful tips that will help you stick to your budget and fill your closet with the minimalist style that you love.
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.
I used to get so excited by a sale or a clearance section. Instead of buying clothing items I truly loved, I would just head toward a
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. 20 Ways Your Favorite Stores Are Tricking You Into Buying More.
Must read minimalist wardrobe posts:
- Why I Stopped Buying Clothes for 3 Years
- Minimalist Summer Wardrobe
- Create a Minimalist Wardrobe
Year – RoundWhen You Love Clothes
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.
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 – Get $10 in cash with Ibotta when you sign up
- Rakuten – Get $10 for signing up
- Dosh – Get $5 when you link your first card.
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 makes you instantly feel joyful.
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 but were poorly made. Not to mention 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.
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)
Stick to a budget
Lastly, make sure you are sticking to a budget whenever you are shopping for new clothes. If you find yourself stressing out around money, or feel like you are always living paycheck to paycheck, check out my Money-Free Mind training to help you improve your financial mindset and start manifesting more money.
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. Just by sticking to a budget, you will be able to free up additional money each month that you would have been spending on clothing. Make sure you are making smart plans for that money!
Plan more experiences
If you are like most minimalists, you love the idea of experiencing things over owning stuff. Our family has learned to free up over $40,000 by using the steps laid out our The Bucket List Budget and we now have the freedom to travel more throughout the year, spend more time together, and are able to do it all while still building our savings and living debt-free!
Decluttering and selling
The first step in making money when you begin to dress like a minimalist is to ditch all the clothes in your closet that you no longer need. Places like Mercari offer a great price for your name-brand items so you can try and get as much money back as possible.
Start making money by saving your savings
Like I said, spending intentionally on your clothing just might leave you with a little extra cash in your wallet. If that’s the case, make smart moves with it! You could build an emergency fund, start a travel fund, or try your hand at investing!
Accounts that pay you to save:
- Capital One 360 – Get 5 times the national average savings rate
- Savings Builder – Earn a great interest rate with only $100 per month with the Savings Builder account through CITBank!
- Acorns – Start investing with your spare change (or more). Get $5 on me to get started!
- Morning Star Investing – Get a free 14-day trial to help you monitor and evaluate your investments.
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! This is your life and if fashion is what fills you up, then don’t let anyone tell you there is something wrong with that. Just be smart about it and make sure you are also financially taking care of yourself so you don’t wind up adding more stress!