It's summer and you know what that means. The old wallet is going to take a beating with all of the birthdays, weddings, anniversary parties and other seasonal outings taking place. I have a few to go to myself and am in need of some fancy duds. You have two choices, you can rent or you can buy. If don't have too many dates on the go then renting might be the viable option but if you have a few you have to add up rental fees against the price of buying a new suit or tuxedo shirt. I started doing some comparitive shopping and was suprised how little it could cost to buy formal clothing versus renting a few times over the course of a summer.