I have just learned that in 2008 we spent the lowest amount since 2002 on clothing. This isn't based on the Manley family budget but is the findings of the National Office of Statistics survey on average family spending.
This got me thinking, is it the result of the recession, is it the fact that clothes have become less expensive in the past year, is it global warming and the fact that people are wearing less? I am sure it is a combination of all of these factors (with the possible exception of global warming).
It could also be that there is a greater understanding that you can't live your life on credit. I sense a return to core values, a better understanding of the truth about money.
I think this is a fantastic step forward, understanding what sort of lifestyle we want and how much it costs is the first step towards financial freedom (an interesting topic for a future blog).
I think we are possibly an average family when it comes to clothing. I spend very little, Lee-Anne spends a lot and up until now I have been able to steer the children towards sensibly priced apparel, although they have now reached an age where fashion is important so I think we will do our bit in the coming years to support the textile industry.
Until next time
Enjoy yourself
Mark
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