For Teens

Home » Teens

How to Set a Reasonable Clothing Budget as a Teenager

How much should you spend on clothes? Here’s how to create a budget!


Did you know the average teen spends $1,000 a year on clothes? If that’s left you reeling, don’t worry – we’re here to help.

You can still stay stylish without breaking the bank. We’ll show you how to set up a sensible clothing budget that won’t make your wallet weep.

Ready to take control of your money? Let’s dive in!

How Much Is a Reasonable Budget For Clothes as a Teenager?

You’re probably wondering, ‘What’s a reasonable amount to set aside for clothes as a teenager?’ And you’re right to ask. It’s essential to have a budget that won’t bust your savings but will still allow you to maintain a stylish wardrobe.

Let’s break it down together.

First off, there isn’t a one-size-fits-all answer. Your clothing budget depends largely on your personal circumstances and preferences. Do you prefer designer brands, or are thrift stores more your style? Are you working part-time or relying solely on allowances?

As a general rule of thumb, aim for no more than 5% of your income or allowance each month to go towards clothes. So, if you’re earning $200 per month from part-time work, consider setting aside roughly $10 for new threads.

Remember, though, this is just an estimate – it could be less if you’re saving up for something big like college tuition or more if clothing is particularly important to you and doesn’t impact crucial savings goals.

Also, bear in mind this figure doesn’t include necessary items like school uniforms or winter coats; those should come out of a separate essentials budget.

It’s important not to feel pressured by what others are wearing – stick within your means and build a wardrobe that reflects who you are, not just what’s trending.

Ultimately, establishing and sticking with your own clothing budget as early as now can teach valuable financial lessons about prioritizing needs over wants while maintaining personal style – skills that’ll serve you well into adulthood!

How to Come Up With Your Clothing Budget as a Teenager

Figuring out how much you can afford to spend on clothes without breaking the bank is your next step. You’ve got to take a hard look at your income and expenses. Do you have a part-time job? Get an allowance? What are your regular costs like food, transportation, or entertainment?

Once you’ve nailed down what’s coming in and going out, it’s time to crunch some numbers. Dedicating about 5% of your net income towards clothing is a good rule of thumb. If you’re bringing in $200 per month from babysitting or mowing lawns, that means around $10 can go towards fresh threads.

But let’s not forget savings! It’s never too early to start putting money away for future needs or wants. Try setting aside another 5% for those rainy day funds.

That said, these are just guidelines – everyone’s situation is different. Maybe you need more because of a school uniform requirement or less because you’re really into thrifting.

Also, consider timing: do you want new clothes every month, or can you wait longer between shopping trips? This could also impact how much money goes into your clothing budget each month.

How to Talk to Your Parents About Your Clothing Budget

Convincing your folks to understand your fashion needs might seem intimidating, but it’s crucial for maintaining a harmonious relationship with them and managing your finances effectively. It’s not just about getting the latest trends or satisfying your sartorial desires; it’s about having a plan that meets both practical and personal needs while being mindful of financial limits.

Here are some steps you can take to engage in this important conversation:

  1. Prepare Your Argument: Before discussing anything with your parents, do some homework. Understand what you need and why you need it. Be ready to explain how these items fit within a reasonable budget.
  2. Be Honest: Openness is key in any discussion. Share openly about why certain clothing matters to you and how much they cost. Honesty will help build trust between you and your parents.
  3. Show Responsibility: Prove that you’re capable of handling money responsibly by showing evidence of past good decisions or even proposing ways to contribute financially, like getting a part-time job or doing extra chores around the house.
  4. Propose A Budget Plan: Don’t just ask for money; propose an actual budget plan detailing how much needs to be spent where and when, show them that it’s well-thought-out.

It’s Okay – Buy Some Clothes!

So, you’ve been juggling figures and finally nailed down a clothing budget that doesn’t break the bank. It’s like navigating uncharted waters, isn’t it?

But remember, this isn’t carved in stone; adjust as needed.

Keep the conversation with your folks open – they’re your lifelines in stormy seas.

With these steps, you’re not just buying clothes; you’re investing in your financial future.

So go on, strut confidently towards responsible spending!

Related Reading

About the Author

David McCurrach

David McCurrach is the founder of Kids' Money. Following a career working in finance for several banks and credit unions, David started Kids' Money in 1995 and has since published three books on kids' financial literacy and allowance programs.

Last updated on: August 23, 2023