I love your posts like this - they are very informative and make me think about my own bags.My boredom level from being housebound with this foot has reached new heights.So, of course I’m looking at handbag stuff. LOL! Bear with me as I do another Sparkle Bag Analysis posts.
I was curious to see what I paid for my bags so, I ranked them by price...
...and was floored.
First, I have price amnesia. I don’t recall paying what I did for some bags. This list gives me perspective going forward.
Second, price doesn’t correlate to favorites or most worn. My top 5 favorites are #1, 3, 4,10 and 18 in money spent. My top 5 most worn are #2, 8, 10, 11, 20. (FYI #10 which is a favorite and most worn is my pink Miss Dior)
Third, I’ve fallen more into “what the market requires” I pay than “how much do I crave the bag”. For example, I paid way more for my ivory Chanel than any of my Miss Diors. But, I wear the MD’s to death and love them to distraction while I’ve barely worn the ivory C. So, why so much for it? I should have forced myself to wait and found an ivory / cream bag I loved as much as my MD’s. This makes me want to sell it and find my perfect ivory bag. But, not now! LOL!
In contrast, I paid the least for my Jimmy Choo hobo and it’s one of my most used bags. I don’t adore it but it’s absolutely perfect for its spot in my collection. Honestly, it would have been worth paying full price.
So, this exercise tells me this:
1) Focus funds on what I crave and will use. This isn’t rocket science. LOL! I should be willing to spend the moon on bags that are perfect for me because I see from experience it will be a good spend and, more importantly, I’ll be happy.
2) I shouldn’t be afraid to spend “good” money on the perfect carefree / service bags. Carefree bags that I don’t like won’t get worn - period. Ones I do will be priceless - like the Jimmy Choo. I need to stop starving this category and plunge into what I want. Thinking about this for the nylon bag.
3) (I hate to say it) Keep my collection small-ish and only add what is mind blowing / giggle happy generating. I had “limited” myself to 30 premier & 10 non premier bags. But, my new inventory of 20 bags isn’t a problem because 16 of the 20 I purged were never getting worn.They were dead weight and needed to go. How was I blind to that???
Even more telling, of my remaining 20 bags, half are getting 70% of the wear.I like what I like and need to stick to that. If I’m not urgently craving the bag, I need to walk away.
This was really helpful. Makes me think:
• Do I love the black lamb Chanel enough to pay so much for it relative to my other bags?? Maybe?
• If my unicorn (black ghw Miss Dior) comes available, I should just get the darn thing at any reasonable price.
• Spend what I need to on the nylon bag.
• I’ll never own Hermes. LOL! I don’t crave the bags. So spending even more than I do now per bag on them isn’t a good spend.
I haven't done any hard-core analysis but I do keep a spreadsheet of what I'm wearing.
I have 20 bags total (includes 'specific wear' items like seasonal, travel or formal), of those 20 bags I wear 7 of them on a regular basis. Less than half.
I don't like knowing that… it means I have too many bags I don't use.
I did sell a bag yesterday though - woo hoo! I think I'm going to do some more 'thinning the herd' tomorrow and list a few more or donate them.