10 tips to afford a luxury bag

If you're someone who loves to buy luxury bags or planning for their first luxury purchase, buying them won't be easy. As you know, luxury bags are expensive, and not everyone can afford them. However, you can save for your first investment or choose the option Buy Now Pay Later; more on this at the end.

I don't purchase luxury bags more often; however, when I do, I understand where to invest. Here I compiled some tips for affording luxury bags that work for me.

Before buying luxury items, do remind yourself that it doesn't come before your needs. However, you don’t need to be wealthy if you're following these tips. 

Designer bags isn't a necessity but only a luxury. Yet, treating and gifting yourself with things you love is OK. Everybody has a different economic and financial situation, but I used these suggestions before buying a bag.

 

 

1. Hold up for your favorite luxury bags to go on sale

It's rare for classic designer bags to go on sale. However, you can find a bag of classical attire in the seasonal collection. Seasonal luxury bags will go on sale a couple of times a year.

Designer outlets repeatedly feature sales and coupons. They are another means to get expensive luxury bags at affordable prices.

You can also search for rented luxury items. Many online sites offer pre-owned designer bags that are gently worn and in good condition. However, the best way to afford a designer bag is to find offers such as buy now pay later from a reputable and authentic site such as Luxuryforless.

2. Saving money is the key

After paying your monthly expenses and saving money for emergencies, you can consider buying luxury items. As long as you can afford something, there's no harm in spending money on it. However, it's significant to set your priorities and goals and spend accordingly. Of course, you're not buying a luxury handbag when you have to pay gas bills, buy food, pay rent, or anything else.

Analyze your budget and purchase the most loved luxury items. Make sure not to fall for other unnecessary accessories.

3. Create a saving Account

Rather than using a credit card for luxury bags, I used saved money. Whether you want a Classic Chanel flap bag or Hermes Birkin, no matter what your dream is. These items are a must for your wardrobe, whether they will go on sale or not.

You can make different categories and sub-categories of bank accounts, such as emergency funds, sinking funds, and fun funds. The plus point of making a saving account for luxurious items is that you won't find yourself guilty of spending lots of money. While saving money, you can realize the worth of the product, and it helps you decide what you want.

After you save money, you can utilize them without feeling guilty. Also, don't forget to check out the top 15 classic designer bags of all time before you make a luxury purchase.

4. Rent out or sell your previous designer bags

It's a great idea to rent your luxury bags or even sell them out if you don't want them further. You can rent designer dresses, shoes, and handbags, which is an excellent way to afford luxury bags.

Buying a luxury bag isn't easy, and there is some risk of not liking the product after you own them. Using renting bags is an ideal way to deal with this situation; you can use handbags for rent to check whether you want them or you don't.

Moreover, you can change your handbag every other month until you find your perfect match. Also, renting designer bags is a fantastic way to check out different styles and categories. However, it depends on your budget, and sometimes it costs more than purchasing a luxury item.

5. Do prefer quality over quantity

I'm one of those people who always prefer quality over quantity. It's better to have a single high-quality product than several cheap products. Once you start buying designer bags, you'll become choosy, and low-quality will never satisfy your demands.

Moreover, buying designer handbags saves money as there isn't a need to replace them every month.

Designer bags are more highly durable than low-end and counterfeit handbags. Ultimately, it will save you money.

6. Avoid fast trends

Trending items aren't for everyone, especially those who save money buying luxury items. However, before picking a designer handbag, ensure it's a classic piece that will never be out of style.

Make your investment in timeless pieces rather than trendy and seasonal luxury bags. Always ask yourself, "Will I use this bag next year and so on" if your answer is "No," don't waste your hard-earned money on something that doesn't suit every outfit and occasion. Classic bags from Chanel, Hermes, and Louis Vuitton are timeless investments.

7. Buy something you love

Buy something that you love and fits well with your needs. Don't fall for things used by fashionistas and bloggers. Make your wishlist and spend accordingly. You should concentrate on your budget and affordability rather than liking someone else preferences. Set your goals to minimize your expenses and narrow down your selection on timeless pieces; all of them help you to afford luxury bags.

8. Mix and match

There's nothing wrong with pairing a designer handbag with low-end dresses. Not everything needs to be luxury or expensive. Don't assume you need a costly bag to match your Chanel boy or Hermes Kelly. If you love one item over another, you can save money from other accessories and put together all the cash with the ones you adore.

9. Cut down expenses

We all have different choices; some love dinner out, some like coffee from Starbucks, going to bars & clubs, and some enjoy movies. Still, as long as you're saving for something costly, it's better to cut down those expenses. 

Instead of cutting out those events, you can minimize them and enjoy them less frequently.

10. Use a Budgeting app

You can use an app to ensure a clear view of your expenses and savings. Pen down your expenses at the end of the day and keep a running total for the whole week. For people with a busy schedule and challenging, it's always a great option to use an app to calculate monthly or weekly goals. Put your income and commit expenses and saving and track your budget.

Buy now, Pay later from Luxuryforless

Suppose I tell you to buy something without a full upfront payment. Yes, you heard it right. You can buy your favorite luxury bags from Luxuryforless and pay for them later. It's a satisfactory method to save money and purchase a bag. Now you don't have to wait months to buy a luxury item.