Hi! I don't think I've posted to this thread yet (I can't remember, though) but I've been following it and thinking about and acting on this idea. A couple days ago I went through all the clothes hanging in my closet and got rid of everything that either didn't fit, didn't fit well, or I never wore. I have about 3 garbage bags of clothes I need to donate.
I really like the idea of having few really well-made clothes that look great and will last a long time. For as long as I can remember I was all about buying a lot of cheap clothes that would last for a year or so - then I'd have to buy more. I did this with shoes, too. Well, no more!

This past weekend I bought a pair of Dansko clogs. They were expensive, but *so* comfortable, and totally worth it as I will wear them everyday when the weather turns cold. They also go with just about everything I will wear - they can be dressed up or down. So, I will most likely get rid of several other pairs of shoes that I won't be needing.
Some other things I've found I will need this fall/winter: a pair of great jeans (who has really good jeans that fit well? I also hate going to a mall to try things on, but then again its not good to order stuff and have to spend money sending it back either), some "basic" long sleeve or 3/4 sleeve shirts (maybe 3 or 4), and a long-ish skirt. I have plenty of sweaters. I actually need to go through them again and get rid of ones I don't wear.
When I was younger and in school I *had* to wear different stuff everyday for at least 2 weeks so I really had a bunch of clothes. Now, as a stay-at-home mom, it doesn't matter if I wear the same thing 2 or 3 times a week. I still like to look nice - and I do most days - but I don't have to wear something completely different everyday.
I like the idea of periodically updating, too, and I'll try to do that.

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