How Much Should I Spend on Clothing??

All,

I get this question more than any other these days... With times being tough, and people pinching pennies.. What percentage of income should be spent on business attire??

While it is totally a personal decision on what clothing to buy, or how much to spend.. AND the number could fluctuate depending on need. My recommendation is always:

Over the course of a year.. A gentleman or a lady spends what their property taxes are in total for that year.

Now that rule isn't true for everyone but on average, it is consistent with the current need and income of the average mid western businessman or businesswomen!!

Until next time,

DGN