How to Afford Luxury Items

No matter what your budget is, you can afford luxury brands, you just might have to work harder than others. But if it’s something you want, then you’ll get it.

I was brought up in a modest family, in a modest town, therefore owning a designer item was never on the table. I was thought that money needs to be spent wisely, not on silly expensive fashion. I was also the only one really interested in this industry, so I had nobody to share this passion with. It took me some time of earning and saving, until I was comfortable enough to start my mini collection. I took very very small steps and I’m here to tell you my tips and tricks.

Start a separate savings account

Start a mini savings account for any items you’d like to purchase in the future. I like maths (a looot) so I like to work with percentages. Pick a very small percentage of your revenue and pop it on the side each month. Let’s give you an example: saving 5% each month for luxury when earning £1000/month. That would be £50/month, which makes £600/year. And boom – that’s a pair of designer shoes. The idea is to pick an amount that’s manageable to you, you can go lower or higher. But don’t go too high, there’s other things more important in life than a pretty bag.

Go for outlets

Designer items are rarely on sale. If you want to save yourself some money, it’s best to look at something that’s from an older collection – there’s a chance you’ll see it on designer outlets or in the occasional sale sections of the main online designer websites. My favourite are Outnet ,  TkMaxx for outlets and NetaPorter ,  Luisa Viaroma and My Theresa for sale. I have to confess, I only have one item bought full price. Everything else was either outlet price, sale or vintage (cha ching!)

Go vintage

Especially for bags, I recommend you look for vintage finds. Instead of getting a brand new Michael Kors made in China, why not get yourself an old YSL, full or character, handmade in France and at the same price? The problem with vintage is that it’s all about your personal style. If you don’t like old looking bags/classic bags then it will be harder to find something for your taste. When vintage, avoid big brands such as Chanel and Hermes – they usually increase their value in time. Opt instead for brands such as Miu Miu, YSL, Louis Vuitton (tricky), Gucci, Viviene Westwood. Some good vintage shops are Designer Exchange (shop and online) SophiaShop on Esty and Vestiaire Collective online.

Follow the influencers

Make sure to follow your favourite influencers and their Depop accounts. They often sell their items and they usually go for smaller prices. They’re usually inundated with clothes and accessories, so there’s a high chance they’ll be in very good condition. If you’re not into reading blogs and so on, just do a quick search on Youtube for Luxury Hauls – find their Depop accounts and just keep an eye on there from time to time. If you’ve seen someone wear something you like, don’t be afraid to contact them directly and offer to purchase the item. They sometimes say yes 🙂

Luxury comes at different price points

I’m here talking about being comfortable in buying luxury items, but I’m still far from getting a Chanel Boy bag. I mean, sorry but £4000 is way too outside of my comfort zone. Or should I say financial zone? The thing is not all luxury needs to be expensive. Some good priced brands are: Charlotte Olympia, Vivienne Westwood, Kate Spade, Malone Souliers, Moschino. You can also start with accessories such as jewellery, scarves, belts, purses.

Be flexible

Do as much research as you need in order to get to see what you would actually have the most wear out of. Go to Selfridges/Harrods etc and look closely at all the pieces that you find tempting. Try on some shoes from different designers, check out inside pockets of the bags – try to know as much as possible about the brands you like. When the sale hits up/outlets get more stock in – try and keep an open mind. There’s 0.001% chance you’ll see the exact item you wanted. So be a bit more flexible with your choices, kind of when shopping in a vintage or thrift shop. Look out for the hidden gems!

Don’t get into debt

Last but not least, have fun and make sure you make the most out of your luxury items. Don’t overdo it, don’t buy them on credit or using instalment payments.  Fashion is not worth getting you into dept. And if you still feel you struggle to save some cash for luxury, make it your goal to earn a specific amount of money in a year or two or five. Use it as a financial goal and work to make it happen.

Wearing Coast Dress | H&M Shoes | Ted Baker Bag

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