Is it Cheaper to Buy or Rent Clothes? Personal Finance Experts Weigh In

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Clothes aren't cheap, but we all like to switch up our wardrobe from time to time. Is renting clothes more economical? We asked experts to crunch the numbers.

to appreciate the high of wearing the right outfit at the right time. So, as a mom reassessing her wardrobe after alternatingOn social media, the clothing rental ads were seriously coming for me. And it makes sense that rental retailers would have plenty of cash to spend on targeting: After the pandemic positively sh*t on occasion rental services, the U.S.

But by the time my rental period drew to a close, I wasn't sure. I'd worn the jeans a few times and the bodysuit on one girls' trip, plus on two dates with my husband . I wore one of the dresses to the aforementioned party and once more on a date, but I didn't have time to wear the other two dresses before it was time to return the lot.

Both experts agreed that the only way to answer this question is to take a close look at one's own spending habits, lifestyle, and values. "It's a personal decision that depends on your individual needs for clothing," says Woroch. So, if you're just as conflicted as me on putting your hard-earned cash into a permanent or temporary closet, read on to assess your situation.I'm personally not organized enough to have a monthly clothing budget...

"Switching to a subscription rental service can help keep tabs on your spending while still letting you enjoy the perks of new clothing," Lapin says. "If you're spending less on the rental than you would be shopping for clothes each month, and it fits your budget, that's a good use case — as long as your bottom line includes items you buy from your rental batch," she warns.

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