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Image source www.designer-vintage.com
We all have our fashion flaws, and a Chanel bag is on every female’s shopping list. The timeless flap bag is understated, iconic, and transcends decades. It’s not hard to see why so many women love this gorgeous handbag.
The price tag for a vintage flap is anywhere between $4,500 and $7,000 (not including sales tax), depending on its size. YIKES! You may not be able to have a fancy collection of handbags, but owning a Chanel handbag is very possible if you follow the proper planning and have patience.
7 tips on how to save for a Chanel handbag
As such, let’s get in some crucial tips on how to save for a Chanel handbag!
1. Having a job is a must
Owing to having an expensive item means that you have to pay for it, and having a job is necessary to take care of your finances. If you are not working or unemployed, it is in your best interest to obtain gainful employment and obtain your affairs in order before thinking of a purchase as costly as a Chanel handbag.
If you enjoy your work and have an exemplary work record, consider requesting a salary increase. This money may be used for a new handbag.
2. Know your priorities
One important consideration is your financial health and your everyday life.
Choose your preferences, and then decide whether now is the appropriate time to start saving for a Chanel handbag. It’s acceptable to push your handbag budget start day to a following time. We encourage everyone to save for their other priorities first.
3. Pay off debt first
If you have any revolving debt then you should pay off that debt first before purchasing an expensive handbag. The interest you will be paying on any revolving debt is unwise, and you should avoid taking on new debt by buying your handbag on credit.
Tackle eliminating your debt first and save for your luxury purchases rather than charging them on your credit cards.
4. Start a side hustle
Another way to save for a luxury handbag is to start a side gig. You can find plenty of side hustles, such as pet sitting, selling items, house sitting, and even babysitting.
Depending on the kind of work you do and how many hours you work, you can potentially make hundreds of dollars to thousands a month with a profitable side job.
5. Start saving in a designated account
So now steps 1 through 4 have been completed, and you can start saving for your glamorous purse. You should open a separate account from which to begin accumulating savings.
Remember to label it appropriately so you can keep in mind what you saved. Also, don’t make a habit out of removing funds from this account except in the case of an emergency.
To stop the money from being too easy to obtain, you can choose a Christmas Club Savings account.
This savings account is designated to only be deposited and has a penalty if you withdraw money before its maturity date of November 1. This allows you to build up your saving guilt-free.
6. Stay focused, avoid miscellaneous shopping
Stay focused on your objective and resist any extraneous purchases. Do not follow the whims or trends of passersby or tourists. Avoid overpaying for products at high-end department stores. Save that money instead and put it into your savings account.
By purchasing items only as needed, you could save money while accomplishing your aim of buying a high-end bag more quickly.
7. Consider pre-owned designer handbags but do your research
You can buy a pre-owned purse for less money if you purchase it from a dependable website like Fashionphile.com, therealreal.com, Yoogiscloset.com, or annsfabulousfinds.com.
Be sure to do your research on sites like the purse forum, especially since it is often hard to find a high-quality handbag at a regular store. These websites have a list of the top handbag blogs for research and review.
There may be other classic Chanel styles that are also less expensive on the resale market, such as The Chanel boy bag.
Where to buy Chanel handbags
There are several choices as to where to obtain your Chanel handbag. Whether you select to buy new or used, do your best to be wise about your luxury purchase.
Directly from the Chanel boutique
You can purchase your Chanel handbag directly from the boutique or a Chanel online store.
Be sure to purchase directly from Chanel for full prices. The annual sale is a great time to save a lot of money on your next handbag.
You can find pre-owned ultra-luxury items, such as Chanel handbags, on Fashionphile. They also have discounted items and an outlet where you can save additional money.
Their products are carefully verified and they have a straightforward return and refund policy.
They also offer a layaway plan. They are a popular website and many people interested in sustainable shopping love this website.
(Note: Fashionphile is a retailer that we trust and the link below is an affiliate link. If you purchase a product through this link, we might earn an affiliate fee.)
The Real Real
You can watch for another fabulous site to buy Chanel handbags at The Real Real. They strictly authenticate each bag and offer a return guarantee on most items unless specified as final sale.
Other designer products are available, including watches, belts, and other accessories. They also have retail stores in major U.S. cities.
You can obtain fabulous Chanel handbags at incredible prices on eBay secondhand. However, you must read the description of any handbag you are interested in purchasing thoroughly, carefully examine all photographs, consider using authentic services if necessary, and buy from a seller with 5-star feedback to guarantee you buy a genuine Chanel handbag.
You can save for a Chanel handbag!
Your money mindset and priorities are key to saving for your new handbag. Pay off debt before splurging on any luxury goods. You can make your shopping trip exciting while saving by taking part in a money-saving challenge.
Remember that while you can have nice things and expensive things, they should not distract you from your goals in life. Here’s to financial success in style!