The Budget-Savvy Ways to ‘Revenge-Spend’ On Luxury
After spending weeks at home, changing out of one set of sweatpants, and into another, it’s no wonder people in China went luxury shopping after the lockdown ended. It’s no surprise, really. When people feel good about themselves and their financial status, they tend to give themselves permission to indulge.
During the lockdown period, everyone was more concerned about the state of their health and their loved ones, and not the latest deals on designer handbags. This is one reason why the luxury goods market share took a huge blow.
The ‘revenge-spend’ shopping spree in China was a welcome sight for many luxury brands whose sales had dropped due to the coronavirus. It showed evidence that the luxury market could bounce back. Whether the spending spree is the ‘hail mary’ the market needs to return to its former glory remains to be seen. What we’re more interested in is helping you indulge your need for luxury and giving you ways to save.
Don’t Fall for the Hype
Retail therapy is great after going through something like the COVID-19 pandemic. While it’s tempting to rush out and get your hands on anything that catches your eye, the rush-buying mentality will leave you quite a lot of dollars short. In times like this, retailers may capitalize on the sudden surge in demand too, and put a heftier price tag on their products.
Lucky for you, we have all the inside info on promotions and sales that will help you get luxury at a bargain. Rather than giving in to your excitement and buying everything in sight, take some time to research deals from your favorite brands and retailers.
Even if you hear that the luxury bags you want are available in limited quantities, do your due diligence first. We’ve done a lot of the legwork for you in fact. Our site has the latest saving tools like Michael Kors coupons you can use for massive discounts on luxurious handbags and wallets.
Check Yourself Before You Wreck Your Wealth
Shopping and spending are like fast food—easy to get addicted to and destructive if you don’t have self-control. The urge to impulse buy is ingrained in all of us. While it’s totally harmless to buy something small like a jar of Nutella, even though it wasn’t on your list, impulse buying luxury products can get very expensive real quick.
Say you went online to find a fancy, designer handbag for your return to conventional working. Just when you were about to click ‘Buy Now’ and leave the page, you spot a pair of heels that would go great with your new bag. And then a jewelry set that would match with everything in your wardrobe. Without the right amount of self-control, you’ll find yourself buying all that, even though your budget isn’t big enough to cover those extras without tapping into your savings.
Before you start shopping in-store or online, make sure you write down a list of things you want to buy. After checking that they’re within your budget, you can go ahead and browse online for those items and check for promotions and discounts as well before you buy them. Having a list of items to buy keeps you from straying and over-spending, unlike winging it, which leaves a lot of room for impulse buys that will wreak havoc on your finances.
Shop Smarter, Not Harder
You’ve probably heard this before and it’s certainly good advice. Saving is easy if you know where to look and the tactics to get a good bargain. For example, you can look for your favorite luxury brands and retailers on our site and if we feature them, you’ll definitely find some promo codes and coupons you can use to get discounts. A few more ways to shop smarter are listed below:
Compare Brands and Retailers
If you shop around in different stores, you might find the same item at a lower price in one of them. Even though this tactic takes a little time, it will save you money in the long run. You can also compare the prices for different luxury brands, for example, Michael Kors designer handbags versus brands like Marc Jacobs. You might like one over the other and if you’re lucky, the one you choose will be cheaper. If not, well, the heart wants what it wants and you can still save with the discount codes we have as long as it’s a featured retailer.
Quality Over Quantity. Always
Picking out the cheapest thing isn’t always a good thing, especially if you’re going for luxury. While most luxury items are high-quality goods, you may have the misfortune of coming across lower quality fakes while you’re hunting for a good deal. Stick to well-known retailers to ensure that you get authentic stuff. Even though they’re more expensive, you can trust us to help you find a way to save. Besides, it’s our job to hunt down discounts and promotions so you don’t have to.
Abandon Ship—Sort Of
One tactic that’s not well known by most online shoppers is the ‘abandon cart’ strategy. It entails filling up your cart will all the things you want to buy, entering your email address, then leaving without checking out. Some retailers may encourage you to complete your purchase by emailing you a discount that lures you back to your cart. Sometimes, some of those items go on sale while they’re sitting in your cart. This means you can get them at a discounted price. It’s a classic case of ‘if you ignore it, it will get cheaper.’
The Bottom Line
So, there you have it. Even if you’re shopping for some of the most expensive luxury handbag brands out there, there’s always a way to save. With saving tools like discount codes and coupons that we provide, plus tried-and-tested bargaining tactics, indulging in luxury shopping doesn’t have to bankrupt you.