Home » Where’s The Value: Handbag Edition

Where’s The Value: Handbag Edition

Hi everyone!

My name is Tina and I’m here to save you… literally! I consume based on value and quality. I strongly believe in quality over quantity, the longevity of a luxury good, and that less is always more! I personally want to help you get as much out of your dollar as possible when it comes to purchasing luxury goods because saving up for one great piece is better than having several disposable items. Together we can buy fewer, but better goods, and feel great about what we’re wearing!

Today we’re going to talk about luxury handbags – my favourite topic! Investing in a luxury handbag is often an exciting venture, albeit intimidating, due to their elevated price point. However, if it’s done right, you will see true value in your closet. If properly cared for, they maintain their cost (Chanel actually increases, and that my friends, is what we call an investment), they last a lifetime, and they look chic AF.

In terms of justifying an elevated price point, handbags are most often victim to the Cost Per Wear Formula.

CPW = Total cost of the item / Number of days you’ll wear it
Ex) $1000 bag / 100 wears
= $10/wear

“It’s basically paying for itself,” says everyone that’s used this formula. Well, let’s be real here, it’s not… just yet. While I can appreciate the philosophy behind this math, anytime we defer from fast-fashion we should already feel great! What if I told you I could locate your luxury bag for 50-60% off retail, eliminating use of said formula altogether because we can’t deny a great deal when we see one?

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At Mine & Yours, we get nearly all coveted items, year round, in like-new condition. It’s as simple as that! You can choose to shop at Nordstrom or Holt Renfrew, or you can choose to shop here and get the same item in like-new condition (often new with tags), for less. You’re already saving. New year, new you!

I’ve constructed a comparison of our most recent bags for you to see first hand the savings! As always, if there’s a bag you are lusting for, let us know. We have a wish list, and we want you to have that bag… for less! If you need to make room in your closet or would like to change your current bag into cash, we can help you with that too. This is when the bag, may actually, pay for itself! Contact me anytime, tina@mineandyours.com.

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