Hey party people! If you’ve been following me for a while, you’ve probably heard me chat about the price per wear system. I use it to help me get a better understanding of the clothes in my closet. Keep reading for all the details on how you can implement the system into your own closet (with a freebie!)
As much as I love getting a new piece, it’s hard to justify it when I know I won’t be wearing it a ton; enter, the PPW. I’ll break it down for you:
Price Per Wear = Purchase Price / # of times you have worn the item
It’s pretty simple, but you’d be surprised to see your results once you actually implement it. The system really shows me what I have to reach for a little more often, and those things that I really don’t wear. Those are the pieces I should either avoid buying or look for them at a cheaper cost in the future.
As an accountant, I use excel a LOT. And with good reason! It’s amazing for stuff like this. I set up an easy to use format for my Price Per Wear system. All I have to do is type in a little description, the cost, add a number every time I wear something and voila! It calculates it for me and shows me if I’m meeting my goal or not! Keep reading for a little PPW freebie.
How to Get Started:
Set Your PPW Goal
I have come up with a $5 PPW goal for my own closet. That goal can definitely be tailored to whatever you see fit! When you’re setting your own goal, make sure it’s a tad tricky to meet, but not impossible. I mean, it would be nice to have a goal of $0.50, but let’s be real, the day I get all my clothes to 50¢ PPW will be a cold day in hell. NOT achievable.
My $5 came from the fact that I have a mix of high and low end pieces in my closet. Both would have to be worn a fair bit to get to $5, but a lot of stuff in my closet already met that goal — so definitely attainable!
Take a Look at your own Closet
It’s time to sit down with your closet and hash out your differences. It might be a bit tricky initially starting off to have a good idea about what you wear and don’t; this system takes time! It might take a few months to get an accurate picture of what you’re wearing because you need to collect some data. Make it a habit to sit down for 30 seconds and enter in what you’ve worn for the day.
When I initially started my spreadsheet, I didn’t put in any clothes that I had bought a long time ago. I wasn’t too sure on prices or how many times I’d worn them up to that point. Since I didn’t want to estimate, I started my count from that day forward. Anything I bought went into the spreadsheet with its cost and eventually, every wear.
All About Excel
I have my excel set so that 3 things happen.
- Items over my PPW goal are highlighted RED
- The 15 items with the highest PPW are highlighted YELLOW
- The 10 items with the highest # of wears are highlighted GREEN
This has helped me get a better understanding of the clothes in my closet and exactly what my outfit habits are day to day.
My goal is to have NO red.
I’m trying to get the price per wear of every item in my closet under $5. That means I’ve got a lot of wearing to do. Obviously, this will take a long time, but seeing the red encourages me to shop less because I have so many pieces that I need to wear more! I love clothes and I love to shop, so it’s not realistic for me to say I won’t buy ANYTHING until everything is under $5. But on that note, it’s still my goal to get them all super low!
The yellow helps me see what I should be incorporating more into my outfits and what I should probably avoid buying more of in the future.
For instance, I bought a pair of overalls (that I shared in this post), that I absolutely LOVE! But, I’ve only worn them 3 times since buying them, and they cost me a pretty penny. That’s the kind of purchase that I should be more careful about next time, because I might not get enough use out of them for it to be worth it.
And the green is just to make me feel good.
The green shows the pieces I’ve worn over and over and over again. These are the pieces that get the most wear in my closet, regardless of their PPW. Now in saying that, most are on the lower end of my price per wear spectrum, but might not be the lowest. That’s because more expensive things are obviously going to have a higher PPW than less expensive things, even if I’ve worn them a few more times. It’s all relative!
The green also shows me what I might need more of in my closet (and life). For instance, my favourite pair of black trousers have been worn SO much, it might be smart for me to add another pair to my closet. That way I can always have a pair even if one is dirty. Don’t @ me, we all know we fish our favourites out of the laundry basket every once and again!
If excel is a little daunting for you, don’t worry. I’ve added the exact price per wear spreadsheet I use to the Resource page of the blog! Sign up for my newsletter below to unlock the password and download your own PPW spreadsheet to start implementing!
Enter your email to gain access to the Resource Library, including the Price Per Wear Spreadsheet!
Let me know if you’ve used the price per wear system and what it’s taught you about your closet in the comments below!
xx Victoria
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