When you think of luxury a few names spring to mind – and along with those names are pound signs. Luxury comes at a price, and while some may think it’s a name you’re paying for, more often than not it’s actually for the quality.
Luxury goods have grown over many years developing the brand’s craftsmanship until it is at an expert level, which is why they can sometimes justify the price tag. So if you’ve decided to invest in a luxury investment piece but don’t want to pay the full price, we have some tips for you.
Hit the sales
While this one is a waiting game, you can get some great deals in seasonal sales. Practically every sales industry offers a sale at some point in the year, so whether it’s a new handbag or flights to New York – you can get them on offer if you time it correctly. Here are some tips for shopping sale:
Join the mailing list
If you sign up to receive emails and messages from your favourite stores, they will reward you with letting you know when the sale will start – date and time.
Don’t hang about
You want to get on the website or to the store before the sale starts. This way you’ll be able to get first picks of the best things.
Check what to expect next season
If you check what is going to be in style next season, such as colours and patterns, you can pick up some luxury items which will still be ‘in’ next season, but for a fraction of the price.
Shop second hand
Shopping second-hand offers many fantastic benefits. It’s great for the environment – and your wallet. Did you know that to grow enough cotton to produce just one pair of jeans, it takes approximately 1,800 gallons of water? And it’s not just high street items you can buy second hand; you can even get luxury goods, such as a pre-owned Omega Seamaster 300m for less that stand the test of time.
Of course, when it comes to shopping for anything, be sure to check it’s being sold by an approved and genuine seller to guarantee that what you’re buying is the real deal. But don’t let this deter you; by buying second hand you can still get high-quality products for less.
Head to outlets
Scattered around the country are some hidden gems offering discounted luxury items. Outlets can offer brilliant deals with over 50% off the price. Some will even take part in the seasonal sales too so you can get even more off. You can find the likes of Burberry, Mulberry and Coach in some of the outlets.
Take advantage of membership schemes
Loyalty cards and their points are often forgotten about, but these can unlock some real treats. You can earn discounts on food, make-up, clothing and even flights. If you’re always on the lookout for a bargain, register for your favourite brand’s loyalty scheme. Some luxury brands may not have one, so head over to luxury department stores and register for those – you can earn points to spend on any of the brands they sell.
We hope you can see now that you don’t always have to pay full price for luxury – you can do it on a budget. Take on these tips and top up your luxury lifestyle while saving some cash at the same time.