Luxury goods come at a bold price— and while you enjoy having luxury items like handbags, jewelry, and lavish vacations, most of us have to be conscious of our budget before cashing in on the latest luxury trend. But if you thought you couldn’t have the best of both worlds, you’d be wrong. We’re letting you in on some secrets for living luxuriously while keeping within your budget.
Keep track of sales
You don’t have to live at the mall to keep track of the luxury brand and department store sales. Thanks to advertising on social media and across the internet in general, brands are making sure we know when they’re holding a sale on items you’re interested in. But if there’s just one sale you can’t live without catching, make sure you subscribe to that brand’s emails and follow them on social media to make sure you know when they’re holding a sale.
If you’re more of an online shopper, use apps like Honey to access promo codes automatically when you’re shopping online. You can even set up personalized deal notifications to alert you when there’s an item on sale that you might be interested in.
Deals don’t stop at luxury clothing goods and accessories, though. You can even score deals on travel around the world with websites like TravelPirates. From sub $400 round trip flights to Italy to travel packages to Greece from $863, there are plenty of places to see and dollars to save.
Buy used rather than new.
That new car scent can be pretty irresistible, but buying brand new isn’t always in the cards— and sometimes it’s not even worth investing the extra dollars. Rather than purchasing your next luxury car right off of the showroom floor, try searching for a used Audi for sale from your local dealer instead.
If you like the sound of all of these savings, you’ll be glad to know that just about every luxury consumer good, your heart desires can be purchased used. Use Poshmark to find gently used Gucci bags, for example. Or, if unique vintage wear is more your style, head over to Depop to buy and sell your best-thrift finds.
Consider previous editions
It’s natural to want the latest and greatest of everything— but it’s not always necessary, especially when it comes to trends. We’ve all seen styles, technology, and brands go out of fashion in what feels like no time at all. Avoid falling for another trend that’s destined to fail, and opt for a style that’s tried and true with a previous model. Instead of buying the newest right away, wait it out, see where the trend goes, and if it’s still classic (and you still want it), go for it! You might see yourself passing up things you thought you “had to have” and your wallet will thank you for it.
Are you a student? Active military? How about a senior citizen? If any of these apply to you, a world of discounts may be ahead of you. Many brands and stores offer discounts that could help you save some change when you’re on a shopping spree. Topshop offers a 10% discount for students when you sign up for their Student Beans iD, and stores like Banana Republic and New York & Company offer military discounts. If you think you might qualify for a discount, it doesn’t ever hurt to ask!
Shop at outlet stores
From runway brands like Prada and Versace to department stores like Bloomingdales and Saks Fifth Avenue, there are tons and tons of options out there to buy your favorite luxury items at a fraction of the retail price. Search your area for a luxury outlet mall near you and unlock some serious savings!
Luxury goods are expensive for a reason— they’re high quality, ahead of trends, and provide an unparalleled experience. If you have a taste for the finer things in life but need to take control of your spending, simply follow these tips! From online promo codes and flash sales to shopping for used items, there are plenty of ways you can live within your budget, without compromising on your love for luxury.