Jesus said, "Don't save up treasures here on earth, where moths and rust can destroy it and where thieves can break in and steal. But save up for yourselves treasures in heaven, where moths and rust cannot destroy and where thieves cannot break in and steal. For where your treasures are, there will your heart be also." Matthew 6:19-21
Beautiful clothing was considered a treasure in ancient times. There are stories in the Bible of Achan, Joseph and the servant of Elijah of the esteem in which clothing was held. But time and moths eventually destroy clothing. Gold and silver were also treasures. Judas sold Jesus for thirty pieces of silver. He also used to steal from the money bag he carried for the poor.
Jesus is warning us not to love things like money and possessions. We should love God's kingdom and put our treasures there.
I read a story once of a wealthy Indian woman who went to Mother Theresa. She was converted and knew she spent too much on beautiful sari dresses. She asked Mother Theresa what to do. She told her to buy dresses that were less expensive and every time she bought herself one she should buy one for a poor woman. The wealthy lady did this and more. She gave hundreds of dresses away.
If we ask him, God will put in our hearts what we should do with our money and possessions.