Originally written and published on Tangerine’s Forward Banking Blog
Minimalism might seem like a big buzzword these days, but the financial implications of practicing it, and frugality, in your fashion and beauty regimens can be quite beneficial.
Here’s how I express my unique sense of style and creativity while avoiding overspending on fashion and cosmetics.
Take Inventory, Purge and Resell
The first step to practicing frugality and minimalism with your makeup, clothes, or accessories is knowing what you’re working with. I invested some time and energy to take an in-depth inventory of what was in my vanity, bathroom, and closet.
When going through this exercise, I asked myself questions like:
- Have I worn or used this item in the last 6 to 8 months?
- Does this item bring me joy?
- What value does this item bring to my life?
Most of the items in my closet and makeup bag were simply taking up space. They weren’t bringing me much use, value, or joy. I discarded many cosmetic palettes and hair products. I donated clothing items I wasn’t using anymore. Are there clothing items or accessories you could donate or re-sell?
Limit Yourself to One Product per Category
I avoided overspending on cosmetics, clothing, and accessories by maintaining a limit of items I purchased within each category.
For example, I only kept one moisturizer, one serum, and one eye shadow palette. I wouldn’t allow myself to buy another one of the same item until I’d finished the first one.
The same with clothing: I’d limit myself to 1 or 2 items in each category. For example, one pair of ankle boots, two basic sweaters, and one pea coat. This forced me to shop mindfully, intentionally, and be more resourceful with each item I purchased.
If you’re considering getting something new, ask yourself if you don’t already have something else that can fill that need.
Practice Frugality by Shopping Secondhand, Sales, and Off-Season
One of best ways to practice frugality when it comes to personal style is to shop secondhand or at thrift shops. As well as shopping at brick-and-mortar thrift stores, you can also do it online on social media platforms.
For cosmetics, I take advantage of seasonal sales or special brand offers in department stores, drug stores, or specialty beauty stores. If I find a product that works for me and has become a regularly used and loved product, I stock up on it when it’s on sale.
For new clothes, the best way I manage to save money is by shopping during the off-season, like buying Spring/Summer clothes at the beginning of Fall. Take advantage of end-of-season clearances both online and in-store, buying items at a fraction of the cost.
Practicing frugality and minimalism in fashion and beauty requires being mindful of what you already have, but the psychological and financial benefits are worth the effort.