Here’s how much you should REALLY be spending on clothes

It's the eternal struggle, do you click checkout on your massive ASOS spree or continue to live comfortably for the rest of the month?

Two weeks of beans on toast wont be that bad when you're wearing the latest pair of embroidered biker boots, right? 

Now, the exact amount of incoming cash that should be spent on new threads is officially here, and we may need to adjust our budgets somewhat. 

According to financial expert Pete Dunn at WWW, there is an exact percentage to keep your shoe spending to, and it's pretty minimal.

Of your monthly take-home, only 5 per cent should be spent on clothes, shoes and accessories. 

So, if you're on the average full time work salary of €25,000 per year, then you have about €1250 annually to spend new bits from Topshop. 

This is an average of about €105.00 a month, so not too shabby if you just need a new pair of shoes or a few Penneys bits for a weekend break away. 

Maybe we could try and stick to the 5 per cent rule for Lent and see how we get on.

But then again, we did just spot the nicest new handbag in Zara…