Heading to the races is an extremely fun pastime, and whether you are competing in FOTF or not, having a lovely outfit to wear and looking our best is usually high up on a fashion lovers priority list. If you are not careful, race wear can become very expensive, especially when you consider every item you need. Here are a few tips I use when budgeting for my race wear:
- Have a budget and stick to it! Work out a realistic amount you can afford to spend on race-wear each year then divide this up into weekly/fortnightly/monthly parts (to match your payment cycle)
- Put your budgeted amount aside each week or pay-cycle. Things I put money away for are: milliner, hair, accessories, outfits, tailoring
- Have separate accounts for your savings or if saving in cash, separate purses or envelopes to stash away. This way you are kept accountable and as the saying goes ‘out of sight, out of mind’. Stores & milliners may even give you the option to purchase gift vouchers, which is a way you may save your money without being tempted to spend it!
- I have a rule not to ever buy something I cannot afford or do not have the money for first, which means no credit cards or using credit services like Afterpay. I personally don’t like to own something I still have to pay for in the future
- Put things you love in your store 'wishlist' and wait for them to come on sale
- Compare prices with multiple retailers. Is the item you want cheaper elsewhere or do they offer coupon codes for shopping online?
- Do you already own something that will do the job ie shoes, clutch, earrings, millinery etc? Check your own wardrobe before spending money
- Before paying big dollars for a brand-new item, check if that item or something equally as good can be purchased at an op shop, at vintage stores (I’m a big fan of Etsy), on resale sites such as millinery & race-wear pages on Facebook
- If there is something special you love but is outside of your budget, see if you can receive it as a gift for an upcoming birthday or gift giving event like Christmas, Mother’s Day etc. If the price is outside of one person’s budget, ask for vouchers to that store to go towards your purchase, even if it takes some time to save for
- If you simply can’t afford it, do not put yourself in debt. There is no outfit in the world or FOTF competition worth creating future financial headaches for. Remember that how much each person spends on their race day outfits is only relevant to themselves and their own circumstances, so don’t feel pressured to spend outside of your means
- Sell things you will never wear again and reinvest the proceeds into your budget. That being said, if an item is a wardrobe staple and you can afford to hold onto it (& have the space) keep to reuse. I’ve personally been building up wardrobe staples over many, many years so you will see many of my accessories such as shoes, bags and jewellery on repeat
- If you are fortunate enough to win vouchers or cash as FOTF prizes, reinvest into future outfits (if appropriate)
- Travel costs are something people often don’t consider when budgeting to attend races, especially if driving hundreds of kilometres or if the price of hotels and flights are to be considered. If you travel long distances often for race days, you may wish to include this in your budget. Race club memberships, ticketing and functions should also be considered
- Use cashback sites & stores with rewards programs. If you are loyal to some stores & regularly use cashback sites you may be surprised how much you can save. I’ve been consistent using one cashback website over the last few years for all of my shopping & have received thousands of dollars back as a result over this time. I’m also loyal to one store in particular and am now a top-level VIP member so have early access to sales, free shipping, additional discounts etc
- Learn to do things yourself. I know many FOTF competitors who are now particularly skilled at sewing, making their own millinery, doing their own hair and makeup as some cost cutting examples. I personally know where my strengths do and do not lie, so will pay for professional services if I cannot do them adequately myself
- If you’re anything like me and fashion in general is your passion, you will find ways to purchase things you love. That might mean doing overtime, picking up additional shifts (or an extra job) or making other sacrifices such as less nights out, but to me, all worth it when you own that very special piece! If something is important to you, you will find a way!
- I also live by the saying ‘if it’s meant to be, it will come to me’, which means if I’m meant to own something, it will come on sale in my size at the right time!
I hope these tips give you some good ideas about how to manage your race wear and budget. I’m always looking out for new ideas to help me with my own organization, and as the quote says “For every minute spent organizing, an hour is earned.” – Anonymous
I personally love the planning process, especially when putting new looks together! I know that at the wearing of every race day outfit, hours of planning and consideration have been put in by the wearer, and that should always be applauded!
Emma Scodellaro June 2023