How to Apply the Cost per Wear Formula
We finally have some grade-school math you SHOULD keep in your back pocket: the Cost per Wear formula! When deciding what clothing items to invest in, the number-one thing to consider is the cost per wear.
Cost per Wear Formula
garment cost
÷
approx. of times you will wear an item over time
For example, if you are looking to buy a pair of jeans for $100 that you will wear 50 times that year, by the end of the year, your cost per wear on those jeans is $2. In contrast, there may be a super trendy blouse for $20 but you are only going to wear it twice, while the item’s total cost was much lower than your jeans, your cost per wear is at $10.
Given that, the recommendation for spend versus save is to consider how much use you will get out of a garment. Generally, pieces with a low cost per wear—and those we recommend spending more on—are your classic closet staples, like handbags, shoes, denim, suits or blazers. You want these pieces to be . . .
well-made: quality fabrics and craftsmanship
versatile: can be mixed and matched with a variety of items in your closet
long-lasting styles: avoid super trendy items
In other words, increase your ROI by lowering your CPW. So before you charge your card, open your calculator app and plug in that cost per wear formula and make sure you are investing in your wardrobe wisely!