I'm very much a believer in recycling. Most of my clothing comes from thrift shops in the first place, then I regularly pass them on to the Diabetes clothing crew for further recycling.
However, at the moment I'm at the stage that even thrift shop buying is out for me. So for now I'm making do with what I have.
I do the same thing. Money is tight, but I'm not much of a shopper to start with. I seem to always say, "it's good enough for around the house", or "I can get another year out of this." Even when I do go through my things I don't want to wear anymore, I first keep what I can alter to make something else out of, the ones that have good fabric for a quilt, the the ones that are good for making rag rugs, then the ones that I want to make rags for cleaning, etc.
Money is not tight for us but I am the type of person who likes to get the good out of things. Also, I find that my older broken-in, comfy clothes are my favorites anyway. Hey, as long as they still fit and are in decent shape, then I keep and keep wearing!
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