What percentage of a monthly salary spent on clothing is considered reasonable and not wasteful?
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What percentage of a monthly salary spent on clothing is considered reasonable and not wasteful?
The amount considered “not waste” in terms of spending on clothes can vary greatly depending on individual circumstances, lifestyle, and financial goals. However, a general guideline is that around 5-10% of your monthly salary can be considered reasonable for clothing expenses for most people.
If you can create a budget that includes this percentage while still meeting your other financial obligations, then it may not be deemed wasteful. Ultimately, it’s essential to evaluate your personal needs and financial situation to determine what you feel comfortable spending.