Every year, women spend billions of dollars on luxury handbags. In the psychology behind retail therapy, consumers find that splurging improves their self-esteem.
Buying high-end goods like a classic designer bag is easier than ever online, prompting more people to treat themselves. A luxury bag can last you for years, but is it worth the expensive price tag?
We discuss the benefits of luxury bags and whether you should buy one yourself.
The Benefits of High-End Handbags
The best luxury bags are both stylish and durable. They cost more than vinyl purses, but a knock-off bag doesn’t last as long as the real deal.
Low-quality purses also don’t accumulate value over time, like high-end bags tend to do.
Still wondering if it’s worth it to take the plunge and buy a designer purse? Take a look at some of the benefits of investing in a better bag.
Handbags Appreciate in Value
Unlike some other investments, popular designer handbags appreciate over time. Some designs never go out of style and limited-edition styles may skyrocket in value.
Recently, a Hermès handbag sold for $379,261, a record-breaking amount.
While most people can’t spend that kind of money, designer bags tend to keep or increase their value over time.
High-Quality Bags Are Durable
Designer purses also tend to last longer. Purses get a lot of use and the average woman stores everything from wallets and cellphones to car keys in her bag.
Broken straps, loose threads, and holes are some of the problems of a low-quality bag. Have you ever lost something in your purse only to realize it fell through a hole in the liner?
Cheap, vinyl purses wear out over time and aren’t worth the expense to repair. Low-quality purses also don’t gain value over time and go out of style quickly.
Quality handbags tend to have better zippers, cleaner seams, and stronger straps. Overall, they look and feel better than a cheap alternative.
They Rarely Go Out of Style
Classic purses are timeless. A leather bag can be dressed up or dressed down so you can use it anytime. Black and brown are neutral colors that match anything in your wardrobe.
Even if you opt for fun colors like neons or pastels, some brand names are always in vogue.
Pick a design and color that suits your personality or fits the season. For example, see options for bucket bags which are unique and versatile handbags.
Better Customer Service
Let’s face it, customer service plays a huge part in brand loyalty. If you’re going to invest in a designer bag, you want to go with a company that has a great reputation.
This way, if anything goes wrong with your purse, you can contact them to see if they are willing to work with you. Sometimes even luxury bags start to fall apart, but a good company may offer to replace or compensate you for your purchase.
It’s worth a shot because you have nothing to lose. The professionalism of great quality service may surprise you.
Don’t Toss Your Bag, Repair It
Most people don’t think twice before tossing a damaged bag into the trash. If it’s not too badly damaged, some people will donate it. But either way, you don’t get anything back.
So why not have your handbag repaired?
There are businesses that specialize in repairing designer goods like shoes and handbags. This way, you can keep your favorite bag for many more years.
Here are some common problems a repair service can fix:
- Broken straps or chains
- Dying and color correction
- Stitching falling apart
- Missing parts such as tags
- Ripped liners
- Broken zippers
- Piping and trim fixes
Purses are also cleaned and restored using products that are safe for your designer bag. And even if you can’t get your bag fixed, you lose nothing by asking before you get rid of it.
Buying Luxury Bags Makes You Feel Good
Retail therapy is real, and many people swear that splurging makes them feel happier.
Wearing high-end goods can make you feel more confident and raise your self-esteem in the process. If you’re heading to a job interview or going on a date, a luxury handbag might give you an extra boost of confidence.
When you look good, you feel good. But how much spending is too much? We cover that in our next point.
Should I Splurge on a Classic Designer Bag?
Now that you know the benefits of designer bags, you might be itching to pull out your credit card. But before you do, there are few things to consider.
First, if you put your purchase on a credit card make sure you can pay it off. It’s easy to find that perfect bag and put it in your cart, especially when you shop online. But interest charges can hit hard if you can’t pay off your balance.
If you have to use a credit card, consider using an interest-free card and paying it off to reduce your debt.
Another point to consider is whether you envision using the bag often. Ask yourself if you’ll still love the bag in a few years down the road.
To prevent buyer’s remorse, pick a size and style that goes with everything in your wardrobe. That way, you can get the most use out of it.
Find a Designer Bag That Fits You
Are designer bags worth it in the end? If you want a durable and high-quality bag that will hold up for years to come, it’s worth the investment. Not only does a classic designer bag have great resale value, but it rarely goes out of fashion.
Splurging on luxury goods makes you feel good, but make sure that you can afford it. If you can, pick a design that fits your personality and lifestyle to get the most use out of it.
Shopping is a great way to make you feel better. And if you want to find more tips on how to make the most of life, check out the happiness section of our blog.