How to save for a designer bag

Peta Serras

by Peta Serras

Simple tips and tricks any Professional Babe can apply to have her toting around Chanel in no time!

Have you been eying off that gorgeous Chanel or Burberry bag for years but it seemed like an impossible dream? Saving for a special item can seem daunting at first, but with a few simple changes to your spending habits that Chanel bag will be yours in no time

Here are my tips on how to save for a designer bag:

Start saving by creating a budget and sticking to it

Many women don’t think about saving money because the temptation to constantly buy new clothes and shoes feels so much more rewarding in the short term. I know that I succumb to the urge at times, particularly when my favourite websites have sales!

It’s important to balance your purchases so that you can plan for future big-ticket items, including that investment piece or a house deposit. After each month ends, take the time to review your bank and credit card statements to see if your budget was realistic. Identify which areas you didn’t quite manage, for instance, expenditure on food and drinks.

Get clever with your spending

Can you come up with any opportunities to reduce inefficient spending, such as visiting the supermarket and farmers markets on a weekly basis rather than shopping daily after work when you are tempted to purchase those extra treats?

Think about how you socialise with friends on a weekly basis – do you tend to go out and spend more money on drinks than you intended to? How about swapping one night out to a girl’s night in with some wine and a home-cooked meal?

The same applies to bringing your lunch to work. Why not try preparing some lunches on a Sunday or making a larger dish so that you can eat the leftovers during the week? For lunch ideas, make sure you check out the Professional Babe video on how to meal prep here!


“It’s important to balance your purchases so that you can plan for future big-ticket items, including that investment piece or a house deposit. After each month ends, take the time to review your bank and credit card statements to see if your budget was realistic.”


Use your credit card wisely

Credit cards attract high-interest rates, which many of us forget until it’s too late. Unless you can afford to pay for your charges each month, don’t be tempted to spend beyond your means!

Use your credit card for non-negotiable expenses, such as paying your monthly telephone bill by direct debit. This way you will develop a good credit history for when you need to apply for a loan in the future.

Make reducing your debts a priority

If you have an existing credit card debt or loan, your priority should be to maximise your repayments as quickly as possible.

The time it takes to pay down your debts can be significantly reduced if you make fortnightly instead of monthly repayments. It also helps to keep your repayments at the same level even if interest rates decrease. The interest savings can be massive. Just think what you could do with the spare funds!

Be specific with your savings goals

Set up different savings accounts for each savings goal and include a monthly contribution as part of your budget. You will be surprised how quickly the balance will grow in order to fund your investment item.

Following the above tips will have you well on your way to owning that gorgeous Chanel bag in no time. Just remember, every little decision to spend consciously will add up to big savings more quickly than you realise. Start saving today!

Small steps equal big results. Follow these tips and in no time you’ll be toting around a new designer bag.

Xx

how to save for your first designer bag

Guest post by the beautiful Amanda Coneyworth

Amanda is on a mission to inspire professional women to be their happiest and healthiest self. An accountant in the busy corporate world, Amanda knows first-hand the challenges women face to prioritise their wellbeing and she is passionate about changing this mindset.

Amanda proudly admits that she is a Lorna Jane addict and she is a regular contributor to the Move Nourish Believe blog. She loves homemade Kombucha, Bikram yoga and lifting weights at the gym. 

Amanda writes at Gorgeous Presence where she shares practical advice inspired from her very own health and wellness journey.

You can connect with Amanda via:

 Website, Facebook, Instagram, Twitter and Pinterest.

 

Peta Serras

Editor of Professional Babe, Peta has a penchant for pretty things, Tom Hardy and ginger kittens. You can find her sipping a long black, creating killer content or making sure her winged eyeliner is even. Peta is a writer, model & Pilates Instructor based out of the Hunter Valley.

Must Read! Featured Posts

Don’t get FOMO, here’s how you doTERRA BOGO

Kim K’s rear ain’t the only thing breaking the internet… doTERRA BOGO is too.

The formula for a successful side hustle

How I made over $1200 in my first 30 days in my Network Marketing Business.

Follow me on Instagram!

  • What is failing? Well according to Google  to be
  • Yesterday was an interesting day I was so overwhelmed and
  • Presidential Diamond goals a selection of silk sleep shirts that
  • How to fool people into thinking youre more stylish than
  • What do some men and hairdressers have in common? Their
  • Sneezy season used to hit me like a tonne of
  • In my late teens I read in a magazine that
  • Ive travelled more this year than my entire life combined

Join the mailing list

Want your copy of the Party Girl Protocol?

For your hangover, bad breath and bad decisions...

Sending spam is the biggest faux pas. We promise to keep your email address safe and only send you killer content.