After weeks of mulling over Rent the Runway, I bit the bullet.
“It’s like this,” I explained to my friend Maddie on the bike path in Mill Valley. “I have two black tie weddings this summer, one of which will be over the top fancy.”
Part of the hesitation has been that I have been obsessive about decreasing my overall spend on clothes. In 2017, I spent an average of $370 per month on clothing. Which is about 5% of my total salary.
With RTR, that spend would be an automatic $170 per month. The game then, is can I stop buying outside of my rentals? Or will I still be tempted and need to buy basics (shoes, jeans, etc.)?
Part of the appeal of RTR is the waste factor. The Daily Mail reports that women in the U.K. buy half of their body weight in clothes each year, and the average woman in England has 22 unworn items in her closet.
And the Brits tend to be less materialistic than us Americans. Without a doubt I have more than 22 unworn items in my closet (looking at you, men’s teal uniqlo windbreaker).
More tragic than that, the Self Storage Association reports that Americans spend $24 billion each year to store their stuff in 2.3 billion square feet of these units, an industry which has proven to be the fastest growing segment of the commercial real estate industry over the past four decades. The Wall Street Journal calls the industry “recession resistant.”
!!! Let me reiterate— one of the only industries across all was the storage space industry. As a society we are not only putting our dollars toward crap, we are then transporting that crap to store in units across town. And paying a monthly premium for it.
And in my diligent case, paying to sell it online or paying for gas to drive it to a donation center.
It was time for a change, and RTR was that change.