You might not think of your wardrobe as a reflection of your financial habits, but in a world where personal finance is a hot topic and influencers like Chloe Elise are shaping how you view money, one of the biggest shifts people are making is in their mindset around wealth. Chloe Elise, a well-known money influencer and the founder of Deeper Than Money, is changing the narrative on how we think about financial well-being, not just by focusing on budgets and savings but by encouraging people to elevate their relationship with money.
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One place she often suggests starting is in a rather surprising spot — your closet. According to Elise, how we approach the clothes we buy, wear and store can reveal a lot about our money mindset. Simply put, it’s a good look to elevate your financial mindset by taking a closer look at what’s hanging in your closet.
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According to Elise, the emotional drivers behind your financial decisions when shopping for clothes are key areas that are a good place to start assessing your spending habits. You may buy new outfits because you’re feeling stressed, bored or even as a reward system.
By becoming more aware of these patterns, Elise believes you can start to break the cycle of emotional spending. For example, instead of indulging in retail therapy and buying to fill an emotional void, she suggests taking a moment to reflect on your feelings and determine if the purchase is truly necessary or just a way to soothe temporary emotions.
Take a look in your closet. Are there items with tags still on them, unworn and forgotten? These are clues that emotional spending might be happening in your life. Chloe emphasizes that once you recognize these patterns, you can make more conscious decisions with your money and avoid indulgent or impulsive purchases.
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Elise encourages her audience to think about the value of each purchase rather than the number of items they own. It’s easy to fall into the trap of buying fast fashion because it’s cheap and accessible, but Chloe advocates for investing in quality pieces that last longer. She frequently points out that fewer, well-made items often cost less in the long run than constantly buying cheaper, low-quality alternatives that wear out quickly.
