Elevate Your Money Mindset by Checking Your Closet
5 Mins Read
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.
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.
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.
To start, she suggests going through your closet and identifying the items that have stood the test of time. These are the pieces you keep reaching for, the ones that still look good after multiple wears and washes. By focusing on quality, you’re not only saving money in the long run but also elevating your financial decision-making in the short run, both of which help you build a better budget.
Part of elevating your relationship with money is maximizing what you already have. Elise advises decluttering your closet to find items that no longer fit, no longer match your style or simply haven’t been worn in years. Once you’ve sorted through everything, you can resell these items to make some extra cash. Apps like Poshmark, Thredup or even local consignment stores can help turn those forgotten clothes into extra money.
By reselling your clothes, you’re not only practicing smart financial habits, but you’re also engaging in sustainable consumerism, which Elise champions. It’s a win-win as you can clear out space and reduce clutter, as well as make some passive income in the process.
The idea of a capsule wardrobe, which Elise has spoken about before, is about curating a collection of versatile, essential clothing pieces that can be mixed and matched easily. The goal is to reduce the need for constant shopping while making sure you have outfits for any occasion with just a few tweaks.
By building a capsule wardrobe, you train yourself to think more intentionally about what you buy. Instead of buying multiple trendy items that will go out of style quickly, you invest in timeless pieces that complement each other. This practice can lead to a healthier relationship with money by helping you resist impulse buys and fostering a minimalist mindset.
Lastly, Chloe Elise emphasizes the importance of reframing how you view your wardrobe when you are going on a trip. Instead of looking at what you don’t have for an upcoming vacation, focus on what you do have and see it as a reflection of abundance. That way you don’t have to spend a fortune or stress out before a getaway that is supposed to be relaxing.
When you open your closet and see a collection of clothes you love and use, it’s easier to feel satisfied and content with what you own and you can take that feeling to go. This shift in mindset can translate into other areas of your life, where you learn to appreciate the abundance you already have rather than constantly seeking more.
The bottom line is that Elise’s approach to money isn’t just about numbers — it’s about mindset. By encouraging her followers to take a closer look at their closets, she’s tapping into an area of our lives where many of us feel vulnerable to poor financial habits. By transforming your relationship with your wardrobe, you’re not just organizing your closet; you’re elevating your entire approach to money which is a great way to literally and figuratively dress for success.
