TODAY, it’s not just celebrities who wear high-end clothing and accessories, influencers who fill your social media feed are likely to bring them too.
Generation Y loves to buy luxury names, says Thomai Serdari, educational director of MBA Fashion
Other young people are environmentally conscious or socially conscious and invest in high-end labels, buy a quality item that lasts for years, or spend more money on a logo with a project they participate in. Others just need to buy a high-end bag, look or a pair of shoes from time to time. “They like to be noticed and like to be photographed on Instagram with all the big names,” Serdari says. “Chanel, Louis Vuitton, Prada and all those luxury logos. “
Here are some tactics to save money on the products of some of the most sought after logos. These tips can be implemented in other degrees of prestige and price of the logo.
Your way of saving money may be in the secondary market. RealReal is a luxury consignment market, where you can get safe parts for a fraction of your retail price, according to Sasha Skoda, women’s director of The RealReal.
“If you had to buy a Gucci shoe from the current season, its value will be quite close to retail value as they are in high demand,” Skoda says. “But if you have to buy a Tory Burch, get dressed from last season, you may get up to 90% off the initial promotion value. “
There are also other options to buy these kinds of savings, but if you don’t buy from a reputable store, you are possibly vulnerable to counterfeit products. “The higher the brand awareness, the more people will see to counterfeit the product,” he says Serdari. Stick with Accredited Dealers RealReal, for example, has a team of experts who authenticate the parts it sells. On the other hand, catching what looks like a reasonable Prada handbag presented through a distributor you don’t recognize on eBay can be much riskier.
OUTLET stores, where logos sell their products directly to consumers, may also be savings resources, but they are unlikely to offer the same parts as the logo elsewhere.
Serdari says the products are made particularly for a factory store. They will regularly be of the same quality but not of the existing collection of the brand. Despite this disadvantage, outlets remain a smart choice if you need social popularity and a label logo. without paying that much.
Do your due diligence by reviewing products on the user (when secure) and exploring their options. You can find a smart offer at any store or branch you didn’t have before or that wasn’t exactly what you had in mind, Serdari says.
But don’t count online sales either. Some designer brands, such as Coach and Michael Kors, make annual sales on their websites (the most expensive luxury brands don’t do it regularly,” Serdari says).
You’ll save cash during those recurring promotions, but Serdari warns that sales sections are more limited and would possibly involve parts that aren’t as desirable. Find a sales tab on the brand’s website.
EVEN if you find a good deal on this leather wallet or those cat-eye sunglasses, chances are you’ll spend a good amount of cash for your purchase, depending on the original price.
Don’t consider your extravagant gluttony in your normal budget. According to the 50/30/20 budget, wishes deserve not to occupy more than 50% of your monthly budget, you need to get an additional 30% and the savings come with the remaining 20%.
A luxury item would enter the 30% category. Make sure you have room for this with other expenses that are already in this organization such as your morning latte and weekly takeaway dinners.
Considering your budget, go ahead and enjoy the feeling of hunting as if you’ve paid a lot more for something you paid for.