Skimming through the archives of online magazine “Who What Wear”, I came across a very intriguing article. “How much should you really be spending on clothing every month?”  If saving money was one of your New Year’s resolutions, take notes!  According to financial planner Peete Dunn, we should spend 5% of our take home pay. Here is an example of the breakdown.  If you bring home $3000 a month, after taxes, you should spend $150 a month on clothes. So take what you bring home monthly, multiply that by .05, and there is your budget. Now this is simply a…