My Secret Wardrobe Hacks for Getting Designer Clothes for Way Less
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We've all been influenced to buy something, right? These advertisers know you better than you know you. The biggest financial mistake is that when you spend all of your money looking rich, it actually is keeping you further from your goal of actually being rich. Did you buy it because you love it or did you buy it because you want someone else to know you have it? This isn't about never shopping. It's about shopping smart. So not only do you get to look cute, but your future you also gets to look cute.
What's up, everyone? I'm your host, Vivian Tu, a.k.a. Your Rich BFF, and your favorite Wall Street girly.
Fun fact, did you know that the average American family spends about $1,700 a year on clothing? That's right. My dad spends zero, and I spend much more than that. Most of us are spending more than a band per year on clothes, and I bet there's some people listening right now who know that they've spent a lot more just like me. Apparel and textiles are the fourth biggest industry in the world because we are a presentation-minded society. And I dare you to go into your closet and add up the total of what's in there right now. I don't think you're going to like what you see. But what if I told you there was a way that you could bring that number down? As a bona fide multimillionaire who is still dedicated to a good OOTD, outfit of the day, I refuse to let my passion for fashion make me any more broke.
So today on Net Worth and Chill, I'm going to un-gatekeep all of my trade secrets for getting designer and quality clothes for less so you can start saving more on your wardrobe too. I'll unpack why we want to spend so much on clothes, why they matter in our lives, before sharing some tax advantages, year-round deals, and the best time of year to shop for the items you have saved in your wish list. Support for the show comes from Walmart. If you're ready for summer vibes but don't want to spend a lot, Walmart's got your back. Right now, Walmart's dropping prices with thousands of rollbacks and more on summer party essentials, from grills to coolers and even slushy machines. So whether you're firing up, cooling down or just getting ready for a weekend in the sun, now's your time to save.
Shop and save in the Walmart app online and in stores today. So first and foremost, let's talk a little bit about why we overspend. For better or for worse, looks actually matter. A better outfit, better grooming or just being naturally good looking can actually help you get ahead in your career. Plus, there are plenty of studies that prove how looking good makes us feel good and that confidence helps us reach higher salaries, job titles, and dream opportunities. I chatted about this a little bit in my book, Well Endowed. Especially now, in the age of social media, we're all thinking about how we look more than ever. There are infinite new trends to chase and infinite new clothes to shop for. Giant drop shipping manufacturers like Shein and Amazon have made it so easy to buy cheap clothes en masse for people who are determined to keep up with the Joneses.
I mean, we've all been influenced to buy something, right? Maybe it was a silly little bag from TikTok shop or a whole new wardrobe because we want to channel Carolyn Bessette Kennedy. Unfortunately, these two factors are the perfect recipe for overspending. We're all guilty of it. Whether it's blowing past our allotted budget for a new purse once or putting a ton of new clothes on Klarna because we just needed that new outfit right now, spending a little too much in the name of fashion is a really easy error to make in this day and age. Often they're clothes that we don't even end up keeping forever. The average American throws away 65 pounds of clothing per year, according to the Huffington Post, which is money that we're literally just...
Kissing goodbye. And especially with tariffs spiking the price tags, that's something we cannot afford when our budgets are getting tighter and tighter. I love a great outfit as much as anyone listening.
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