How do you afford your bags and how many per year? Credit debt or millionare lover?

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#1,231
I'm 22 years old. No credit card debt right now. If I can't afford it, I won't buy it. It took forever to pay off my credit card debt. I definitely don't miss it. :yucky:

One bag per 2-3 years is my new rule. I recently cleaned out my wardrobe and was astounded at how much stuff I never use. I ended up selling it all on Ebay. Now to avoid unnecessary clutter, I refuse to make any big handbag/shoe purchases. Plus, I'm saving up for a home.... *sigh*. It'll be a long time before I get anywhere close but I suppose you have to start somewhere, right?

Sometimes my boyfriend will stare at my sad closet and generously offer to pay for a handbag since he makes a nice income. Sure is sweet of him, but no, I'd much rather him save up for for bigger expenses in the future. Perhaps some bling for my ring finger and a house... :whistle:
 
#1,232
I am a 23 yo student with a part time job. I live with my BF, and do not get any financial help from my parents.
I buy 1-2 high end bags a year, and only buy when I have saved up for one.
 
#1,233
I am still in high school and only have a small LV sling, a Coach, and a Dooney and Burke clutch. They were gifts on special occasions (birthdays, christmas, etc.) over the past few years.

As for my mom, she's a whole different story. She is in credit card debt because she loves to indulge herself in expensive things, especially LV bags. She buys probably 3 or 4 per year, but when she was with my dad it was more because he'd pay for some of it or sometimes all of it.
 
#1,234
I'm going to be 33 at the end of year, have a full time job working for the govt agency. Bought all my bags with my own money not DH's (in fact he refused to ever buy me bags), also I don't have credit card debt, since I always pay the balance in full. Normally I buy 2 bags per year whether it's Chanel or other brands, but this year I went a little out of control, I bought 4 Chanel bags, and a Chanel watch. Next year I won't splurge this much again, probably back to 2 max.
 
#1,235
I'm a Physician's Assistant and the salary is great. I buy most of my bags except for two items that my DH had given me as presents. I just started this career about a yr and a half ago so it wasn't until recently that I could actually afford to splurge on luxury items.
 
#1,237
plumaplomb said:
Hey, this peaked my interest... you may not want to immediately transfer money to your credit card. What if there was a transaction you wanted to dispute? If you've already paid the CC company, they may be less inclined to help you against the merchant, and then you're out of the money and the product/service. Just a tip...
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Puma, it makes no difference if you have a balance on your account at the time of a dispute. For one thing, for someone who uses their account on a regular basis, new balances are being created. But that aside, I've had a dispute or two without a balance and had no problem.
 
#1,238
I'm almost 20 and a full time student. I generally save money that my parents give me from time to time, I work when I can (during holidays...) and I try to sell what I don't use anymore on Ebay. I save so I can buy less but more expansive things.
I buy about 3-4 bags a year.
 
#1,239
i'm in my early 30s. i only started to have the interest to buy luxury designer bags about 2-3yrs ago. I would go to boutique only for something really love, if not, I would try to find out better deals on ebay, 2nd hand shop etc. For sure would use credit card to purchase, and pay full balance on time every month so that no finance charges would incurred. Sometimes may use cash also, e.g. friends go overseas to purchase on behalf.

Don't really keep track on how many bags per year. Maybe an average of 2 to 5 including bags, wallet, bag charms... etc. My next target is chanel reissue 227... time to start saving. ;)
 
#1,240
I just turned 20 a week ago. I work part time to save for my bags and it helps that I dont pay any bills or rent. My parents will buy me a Coach bag once or twice a year but as for my Louis Vuitton &Gucci...I buy those myself. I'd never ask my parents to buy them for me even though they can surely afford to. I'd feel wayy too guilty! As for how many a year...I don't have a limit. I bought 2 LVs, 1 Gucci, and a Burberry this year but I also sold off a lot of Coach bags.
 
#1,241
I am sure I posted here before..but this year..I have gone waaaay overboard. I've bought around 30+ bags..But only kept 7. But that still means I made a huge loss.

I dont have a job and hubby does not pay for my bags.

I use my saved up money, but I am gonna be good from now on since I wanna have money left.

Next year I will limit myself to 5 bags. No matter if I sell some of the ones I buy, I can still only buy 5.
 
#1,242
Not sure if I posted here but uhm..I don't have credit debt and am not a millionaire lover....I come from what my dbf calls "upper class"...in high school and college, my mom and oldest sister bought me LV and Dior bags so that was how I "afforded" them..

I recently started paying for my bags on my own since I started working(just graduated this past May)...also get a few thousand from dad every now and then and that helps with the bag purchasing..

I bought about 10 Chanels this year since June...Bay, I also am limiting myself to 5 next year!! Especially since I'm pursuing my Louboutin and Herve Leger obsessions and trying to save up to buy a loft in SF or LA
 
#1,244
slip said:
I"ll be turning 35 next week. I've no credit card debts but love buying designer stuff that is often over and above my monthly salary which is already pathetic as compared to my counterparts. Usually I'll pay a portion of the credit card bills for my stuff and my hubby settles the rest and he usually closes one eye to it like he's resigned to fate that he had married a philandering wife. In fact he pays for virtually everything in the family. The bad thing is though I/we don't have any debts to pay but neither do I/we have much savings because I've splurge our/my savings on watches and bags!! I feel that my spending habit made us unable to afford a car and at least a small private property. I have the most designer stuff amongst my friends yet most of our friends own cars and private properties and of course huge savings for their retirement. The other reason could be that both my hubby and myself have low salaries. I admit that I do deserve a knock on my head for not living within my means.
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Please don't feel bad since different people have different priorities. There are couples who own private properties like a condo, but hardly use the facilities because guess what? they are both out working hard to pay for the property. So the maids are the ones who use the swimming pools on weekdays and on weekends it will be crowded. And there's the monthly maintenance to pay to the management. Take the amount X 6 and you have a new bag. With such good public transportation in Singapore, a car is not a necessity. Its good that you don't have credit card debts. I do :sad:
 
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#1,245
Zero bags and zero bags per year...
I'm more into shoes and I work when I can (vacationjobs etc).

I wish I had parents who would support me and give me a few thousands, but they can't.
 
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