Whew, that was a close call

Last Friday on my way home from work, I stopped by a new luxury re-seller and stumbled upon a Louis Vuitton Monogram Speedy 40. Although it was pre-loved and had seen better days, it's an item that I have been looking for, for a long time. Why do I want a pre-loved one, let alone one in less than stellar condition? Let me fill you in - since realizing that I baby the bags that I spend a lot of money on, I've been looking for certain bags that have been pre-loved so I can fully use them. 'Fully' as in, wear them in poor weather, put them on the ground, stuff them full, and bring them on trips. 

I have been wanting a Speedy 30 for the longest time and have been debating this for years - why have I put it off? Because my mom has one and it seems redundant to have 2 in the family even though we never share bags. Also, I have a number of Gucci Bostons that are of similar size and don't use them enough to justify a brand new Speedy (not to mention, the price increases have helped to deter me). 

The solution? A pre-loved Speedy in a larger size. This avoids having the same bag in the family, lets me use it as a 'beater' bag (and lets me use it as a carry-on, or smaller weekend bag) so I don't have to be the one to feel bad about breaking it in, and is much less expensive. 

Now that you're up to speed, let's resume. It was actually in a condition that I would love to have it in - no interior stains (this is very important to me), no cracks, pretty even darkening on the piping and handles, and the sales associate was even willing to throw in the lock and key from another bag, for free. It was everything I wanted, and the price was very reasonable. My hesitation? I wasn't prepared to be buying anything this month (remember, I'm trying to have 3 no-purchase months this year, and December is the only month left for me to keep my resolution), and since I wasn't expected to find it (I sort of gave up recently since I have other financial obligations) I hadn't planned to make this significant purchase. The bag was also on hold for another person but the SA told me that it didn't seem like they were interested since they had been unreachable over the 24-hour hold policy. I told the SA that I would go home and think about it and if it was still there on Saturday, I would likely pick it up. 

I spent 2 hours thinking about it and decided to phone the SA the same night to put it on hold for me until Sunday if the original customer had not taken it. When I called, the SA told me that 'Monique' had come and picked it up. It wasn't meant to be =(

Part of me was super relieved that it was gone because I think I would have purchased it and I would have broken my record year of 'no bag and wallet' purchases, and also spent a significant amount of money on an unplanned purchase. If I had bought it, I don't think I would have as much fun and satisfaction of using it, knowing that I was so doing so well. At the same time, it has shown me that even though I haven't been thinking about the bag for a while, it is something that I really do want so I'm taking steps to save up for it outside of my wardrobe budget. Since it's very much a 'want it' item, I plan to fund it by selling items I currently have so that I have the money to purchase it if another 'perfect' one comes along - it'll be even sweeter to buy it then. 

A want doesn't always have to mean a purchase

My love for fashion began with my love of bags. I've spent years trying to reel back my purchases and I have managed to go without buying a single bag in 2015, to-date. I am, however, currently debating a bag in my head - the Celine trapeze bag.

(picture not my own)

I'm NOT going to splurge on this bag because I have other financial obligations this year, but I can't get this bag out of my head. (Nope, I will never put my financial well-being in jeopardy for the love of fashion - no matter how tempting something might be).

That said though, even if I had a money tree, I would still be in this great debate, and here's why: I KNOW this bag is NOT for me. Having only a single TOP strap AND a flap closure is just asking me to get frustrated and never use the bag again. From a practical side, I know I will never spend that amount of money on it. For pure enjoyment reasons though, I still want it, thus, my thoughts on alternative options - (1) purchase it used, (2) find a less expensive version (and I don't, nor ever, mean a fake version) so that I don't have to worry if I don't use it, or (3) don't buy it, or any similar looking one at all, knowing I wouldn't use it that often. 

Buying it used is still expensive, and my objection to the purchase of a less expensive alternative is the compromise in quality. I found similar options at Zara, (and I really, really like them) but even at a very reasonable price point of $59.99, for what I consider a 'trend' bag in my wardrobe, I still couldn't overlook the quality - I've highlighted areas to show where there are already creases and scuffs. (Just because something is less expensive, doesn't mean I want to sacrifice any points on quality). 

 

That leaves me with the third option of not buying it, or any version of it, at all. It's the best decision I can currently make. I might come across one in the future where I can live with its price and quality, Celine, or not, but for now, I'll just have to try to forget about it.

Designer jeans - a thing of the past for me

Remember several years ago when you couldn't open a magazine without seeing an article about how much we 'had to own' a pair of designer jeans? ... I'm not going to lie, I got caught up in the hype too, and I'm going to confess... I didn't buy them because I personally thought that the quality and cuts were better; a younger and much less wiser me, bought them purely as status symbols and justified them as investment pieces. Looking back, jeans were something I should have saved my money on, and here's why - 

Weight change - this of course is not the jeans' fault, but now I'm left with 6 pairs of designer jeans that don't fit (thank goodness I was able to give 2 to my friend earlier this month). At my age now, I've accepted that my weight will fluctuate for better or for worse, and there's no way that I can confidently say that I will be able to fit into the same size jeans from month-to-month, let alone a solid year. (This is why I love bags). This leads me to my next reason - cost per wear.

Cost per wear - out of 365 days of the year, there are approximately 104 days (weekends) that I can choose to wear jeans; that's about 28% of the year. Throw in some business casual Fridays, stat holidays and vacation days, then counter that with days I wear something else, we may be looking at actually 15%, which is about 55 days. I currently own 10 pairs of designer jeans and at a rough average of $125/pair (bought on sale and regular price), we're possibly looking at a Burberry coat.

(side note: Burberry coats are currently my wardrobe 'exchange rate'). 

Now, only 4 of the 10 pairs fit me and are in rotation, and here's their cost per wear breakdown for one year: ($125 per pair x 4 pairs) / (365 x 0.15) = $9.13/wear. (Interesting fact: if I were to wear the same pair of jeans for an entire year, its cost per wear would be $2.29). As I mentioned before, my goal for cost per wear is $1 - $9 is not going to do!

Less expensive options - In the last 6 months, and most recently, in February, I purchased two pairs for approximately $24 and $15 (yes, at the GAP =P), and they have already paid for themselves! If they wear down or my weight changes, I have no problem letting them go.

Other pant options - I've recently fallen in love with cords for fall/winter and khakis for spring/summer. They're great alternatives to jeans, especially khakis when the weather just gets too hot. Last summer, I spent most of my time out of jeans. Moving forward I expect that I will be wearing these alternatives more often, further preventing my cost per wear from going down

So taking the above into account, designer jeans are no longer an item I'm willing to spend my money on as an 'investment piece.' I'll be sticking to more reasonably priced alternatives, or picking them up at major discount. 

Save or Splurge!

A few years ago I slowly started to 'improve/upgrade' my wardrobe. If money wasn't an option, I'd love to have a wardrobe of high-end pieces but I'm realistic in what I can afford and therefore have to decide which areas of my wardrobe I can allocate my funds to. 

I save on items such as: 

• costume jewelry 
• shoes for special occasions (although I do like to own one amazing shoe for those super-extra (rare) fancy events)
• basic t-shirts or tank tops
• trendy items (unless they end up being in constant use, in which case, I'll keep my eye out for a better quality version to eventually replace it with)

I am willing to splurge on:

• daily items I need to last as long as they can (i.e. every day shoes)
• the rare items that may not get much use of but need them to look fabulous when I do (i.e. cocktail dresses)
• pieces I find difficult to find and want to avoid re-buying as much as possible

My rule of thumb - spend only what I can afford, and try to get the best deal for anything I buy.  

I should note that my bag and wallet purchases follow a whole different set of rules, but more on that at another time ;)