I’m a sucker for a designer bag! I love staple pieces that will last me a lifetime. Investing in luxury/designer pieces is exciting but expensive! For those of you who are like me, saving for a bag is 100% worth it! Purses from luxury brands like Louis Vuitton, Gucci, Prada, etc. are stylish, popular, and are great quality. The only thing is, they’re crazy expensive! However, they are definitely attainable with time. Just a few tips and lifestyle sacrifices to save money can make all the difference and you can get the bag of your dreams! Today I’m sharing 4 ways to save money for designer bags.
4 Ways to Save Money
1. Eat Out Less!
We all have a bit of a coffee addiction…your daily Starbucks trips are probably adding up more than you may realize! Try to cut that down to less days a week and make coffee at home (it’ll be worth it!). For meals, ordering in or going out to eat is convenient, but the costs add up! Your best bet to save money on food is to cook at home. You can whip up something quick and simple or have fun practicing cooking your favorite meals.
Don’t underestimate the convenience of meal prepping to bring lunch to work! I used to spend $20 on going out to lunch every single day at work. Plus the morning Starbucks run, which ranged from $3-6 a day! I made the excuse of “well it’s my treat and it makes me happy”. Seriously SO DUMB. Instead of going out for a $20 a day lunch habit, pack your lunch for just a few bucks and save the extra cash for the bag! If you spend $5 on packing a lunch, save the $15 you didn’t spend on going out for your bag. That helped me save for mine!
2. No Impulse Shopping!
I’ll admit it…I aimlessly browse online for clothes and accessories I don’t need. We all do! I know it’s part of my job, but sometimes I have to remind myself not everything is a necessity! When saving up for the designer bag of your dreams, this is one of those habits you have to hold off on. If you’re really itching for something new, you can just allow yourself a smaller budget for fun spends like ‘bracelets under $10’ or ‘basic clothing under $20’. Otherwise, use the time you’d be spending aimlessly online shopping to browse for that perfect designer bag you’re saving for!
Also think about it this way… if you bought 5 things for $20, thats $100 towards your bag. If your bag is $1000, if you didn’t impulse shop just 10 times, you’d have that $1000 bag! Just be smart, and don’t impulse shop.
3. Cash Stash
Create a system that whenever you have cash on you, you save some of it for the bag fund. A little goes a long way! To make this cash stash more legit, try this little cash box from Amazon! It’s under $15 and it can help you keep all the loose cash you want to save in one place. It’ll look cute on any shelf and it has a lock and key!
4. Read The Total Money Makeover
Dave Ramsey’s book, “The Total Money Makeover” (available on Amazon) is a GREAT read! His Facebook groups are super helpful for financial fitness too. My mom gifted me this book when I got out of college. I won’t lie, I stashed it in a drawer for years! Finally when we moved back to AZ from NYC, I was broke and struggling. I still had the book and took the time to read it. Dave is practical and doesn’t just give you useless advice like “save more money” or “make more money”. Honestly, whenever someone would tell me to just go “make more money” I would get SO frustrated! Great tip, but that’s not a solution for everyone!
I would highly suggest spending the $15 on this book! Dave offers sound advice, and has a baby steps system for successfully saving your money! Even if you don’t want a new purse, I bet you want to save for something else (car, house, whatever it may be), I would 100% suggest reading Dave’s book The Total Money Makeover (click HERE to get it).
Designer Bag Savings
Whether you’re saving money for the designer bag of your dreams, or you simply just needed more ideas on how to be smarter with money, I hope this post helped you! Also a final thought, consider buying resale. More than half of my small designer bag collection were bought on resale! Not only did it save me money on the actual bag, but it saved me up to 10% on tax. It’s totally your call, but some designer bags on resale are actually worn just once or twice and in mint condition!
Where to Shop Resale Bags
Here are 3 places I have personally purchased resale designer bags from and highly recommend!