Over the weekend, motivated after watching the minimalists, I went through my closet and donated nearly one hundred clothing items -- yet, I still have excess clothing.
My underlying motivation dealt with the value of clothing and space. First, clothing has a relatively low value -- e.g., the cost to replace an item is trivial -- Second, clutter-free space has high value added -- it feels great not to have clothes cluttering my room and closet.
Further, I decided to create a fund that would allow me to replace clothing as needed. The goal is to have the interest generated by the principal investment pay for all my clothes. And, this system should be faster to implement than my drive free cars fund. I moved $100 from my drive free cars fund (DFC) and created a new fund, the Free Clothes Fund (FCF).
At the outset, I'm not sure exactly how much money I will need to buy clothes per year because depends on where I shop. But I would like to have enough money in the fund to know that I could purchase clothing as needed or desired. Watch for more on the FCF fund. Below are some options I found on eBay showing how cheap a replacement suit is.
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