Does the heat from a clothes iron cause the clothes to shrink?

I'm sick of buying clothes and having everything shrink up on me, I say no more! :). So from now on I will only wash the clothes in cold water and hang dry them. But I will need to iron them because they'll be very wrinkled. Will the heat from the iron cause my clothes to shrink at all? Or will it be... show more I'm sick of buying clothes and having everything shrink up on me, I say no more! :). So from now on I will only wash the clothes in cold water and hang dry them. But I will need to iron them because they'll be very wrinkled. Will the heat from the iron cause my clothes to shrink at all? Or will it be alright? Thanks much.
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