It used to be cheaper to sew your own clothing and household items. But now the price of fabric has steadily risen and cheap clothing (cheaply made with cheap synthetic fabric) is everywhere. So, the motivation for home sewing has changed. Now home sewers are looking for quality, fit, durability and personality.
The price is daunting if you go to your local fabric store, or online to find fabric. I'm in sewing groups where folks are excited about cotton knit that's $10+ per yard. Depending on how many pairs of underwear they can get out of a yard, plus at least an hour of their time... the price tag could easily go above your favorite brand.
My rule was never to go to a fabric store without a good coupon in hand. Even then, the cost of materials could push the equation towards a top or skirt costing more than a comparable item from Target. For the budget conscious sewer, when sewing for ourselves we can discount the cost of our time spent sewing. But for someone looking to sell their work, the hours spent shopping, planning, cutting and sewing would need to be calculated in too.
My Budget Friendly Sewing Plan
I buy used clothing to upcycle or use for the fabric. The process is longer, when you're looking for particular fibers in the right colors and price range. But at the end, I have something that fits me or a family member, my preferences and my budget. As a mom, much of my recent sewing has been for a particular twirly girl. Repurposing fabric from used clothing particularly works for the patch work styles, which I'm rather fond of...
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An article about how this generation is turning to sewing, where cost doesn't appear to be a consideration: