How to save money by shopping your closet

Two stylists help you maximize the clothes you already own

Closet
(Image credit: (RCWW, Inc./RCWW, Inc./Corbis))

Here's a question for anyone on a budget: How much of your income should you set aside for new clothes?

Most financial planners and budgeting sites provide a similar answer: You should be spending only about 4 to 5 percent of your post-tax household income on clothing, assuming you don't have any debt.

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