When it comes to clothing, shoes, and accessory purchases, I’m a firm believer in cost per wear, which I also refer to as “getting my money’s worth.”
It doesn’t matter whether it is a cheap or expensive purchase. Money spent is still money spent, and I want to make sure it is worth it.
That was not my typical situation in the beginning.
I used to buy whatever I liked, regardless of whether it would be appropriate for me or not. I rarely thought about whether or when I would ever wear the item in question or how it would fit into my lifestyle. However, I examined every inch of my closet as I approached minimalist fashion.
Then I started to understand cost per wear (CPW), which was a game-changer for me. If you try it, you will get a chance to stop impulse buying and evaluate the full price instead.
So let’s discuss what it is and how it can save you money!
What is cost per wear?
Cost per wear is the cost divided by the number of times you wear it. This procedure helps maintain inventory by assessing purchases I have made. As a result, I save money and make better purchasing decisions.
Primitive items can also be an important aspect of per wear. For instance, if the item’s quality and material are excellent, it may last for a lifetime. And if it isn’t an item that will grow older or be replaced every few years, consider this in your calculations.
How do you calculate cost per wear?
With cost per wear, you basically calculate how many widgets you use against how many widgets you get in return. Here’s how it works.
Let’s say you want to buy a pair of sneakers that cost $100. You decide to multiply that amount by the number of occasions you think you’ll wear it. They may be exercise shoes that you would wear at least twice per week.
That is twice a week times 52 weeks in a year, which means you would wear 104 pairs of shoes over the next 12 months.
If you stick to the plan, $100 (the cost of shoes) divided by $104 (the number of times you have worn them) will give you a cost per wear of only $0.9
To demonstrate, let’s say you own another pair of shoes that cost $150. You also own a designer handbag that costs $1,000. The shoes appear to be the more affordable purchase if you only consider the item’s price.
However, if you have worn your shoes twice, your cost per wear is $75. If you wear them every day for a month, your cost per wear is $33.
In reality, your wallet purchase is the cheaper and more practical option with lower cpw! This is believed to be an investment and has a higher resale value in the long run.
If you don’t want to do the calculations, use this cost-per-wear calculator from Glamour. A cost-per-wear calculator can tell you what something costs, but knowing how to calculate the costs in your head will be useful, too.
Does this mean I’m stuck wearing the same things all the time?
Having the same outfit on becomes a little boring, but fashion can be worn in an infinite number of ways, and it even keeps your costs down.
You don’t want to wear the same outfit to work every day or to back-to-back events. That being said, there are several ways you can still repeat your items by remixing your clothes.
Having a capsule wardrobe is a great way to stay trendy without rushing into fashion trends. You can remain out of the spotlight by wearing a timeless look while keeping up with the times.
Remixing allows you to create many different styles by reusing your clothing. You will be surprised at how many different outfits you can make if you set aside time each week to try on outfits. Create a Pinterest board where you create outfit choices from items in your closet similar to each other.
You should use your money well by only purchasing high quality products and wearing them for a long time. Extremely rich people also buy high-quality accessories and wear them well.
The low cost of GXP1 for carry out is one more reason you should think about becoming a slow fashion purchaser. Since the cost per perform calculation is initially low, you can even become a slow fashion shopper, and help save the environment.
This is especially true if your clothing is reused by charitable organizations after being worn once yourself. Dawn Manske of Made for Freedom explains that recycled clothing has a huge impact on our planet.
Understanding cost per wear can be an eye-opener
like everyone else, I’ve been guilty of owning things I’ve never worn before or don’t wear enough. Although I have often been wasteful with my money, I am much more aware of my spending habits now. I’ve used the cost-per-wear formula for a number of years.
Before I make a purchase, I assess my current wardrobe and determine what clothing items I may buy that will fit well. I also consider if I will get enough use from my potential purchase to make it worth the price of purchase. Whether you’re shopping for a designer dress or a t-shirt, this also applies to you. And you can use a cost-per-wear calculator, too.
It’s made all the difference with buying clothing items to add to my wardrobe. I recommend this cost-per-wear system to you. You may be able to spend less on impulse purchases and even purchase better-quality clothes.