When watching shows such as House Hunters, one of the things people ask is how big the master closet is. In many cases, it is the man that has more clothes or shoes than the woman. I used to spend a lot more on clothes and have a lot more clothes than I do now. I realized the money spent on clothes and shoes could be used on other things I want.
Over the past couple years there have been blogs about people wearing only a certain number of items for a month or the same dress for a year.
One way to see what you actually wear is to hang all of the hangers in your closet backwards. When you wear an item put the hanger back the right way. After a period of time like 6 months or a year look at the items on the hangers that are still backwards.
Also, look at the items in your closet and see if you could wear them in different combinations than you currently wear them to give you different options. Adding different accessories can also add spark to outfits.
This doesn’t mean you should not buy new clothes and just wear a few things, but consider if you could save money on clothes and what you could purchase with that money instead.