Of Course! Of course on the week that I decide to buckle down and get serious about controlling my financial future, the bag I have been hunting for for 6 years makes its appearance:
Before the world financial crisis hit in late 2008, Coach had created a beautiful bag named Maggie. (how fitting!) They have since had other Maggie's, but as with cars (I'll tell you my Volvo concerns in the future) and many other things, the materials used in the last few years have been less than incredible.
Having just moved to New York City at the time, I was holding onto my purse strings. But strings on purses in New York City were never a safe option. You needed a zipper. So like all smart and savvy ladies of the city, I made sure to carry something fabulous. I used Bag Borrow or Steal, which is a service lending normally out-of-budget-reach bags for a low monthly fee.
The service ended up costing me more than the bag that I refused to give up, until I had paid well over twice the cost of the bag. TWICE THE COST! I finally decided to send it back. If I had been patient, and just saved for two months, that baby would be mine forever and always. While many of bagborroworsteal.com bags were rent to own, this one did not have that option. And the saddest part, when we parted ways, I couldn't find the bag for sale anywhere. Coach had already changed the design to adjust to designer and economic conditions. But I did get BBoS credit to make the same mistake again … if anyone needs $46.08 toward their BBoS obsession … what am I saying, stay away!
Since then every bag has been the stand in. They have all been fabulous, every one has gotten amazing reviews from random passerby's, and all of them have been purchased at my favorite discount bag stores Marshall's and TJMaxx for a the low low price of $29.99, but my heart is obsessing over the Coach bag.
The heartbreaking thing is, the reason I love it so much, is that this style does not have a Coach logo on the bag. It has an inconsipicuous tag on a bead chain that you can take off the handle. I love that it's not free advertising for them. Momma always refused to buy us clothes with labels on the outside. "Why am I paying for you to be a walking billboard for them." And she's right. If you are going to be a commercial you should be paid for it.
So I was really proud of myself. As the minutes and hours passed by on the auction, I let it go. I let the bag that I've loved for 6 years, in mint condition, with dust bag and all, go. And then it reposted. And my agony began again. Ladies, the thing is, if the bag were discounted, you wouldn't be able to hold me back. If that $349 bag was now $275, watch out. But since they are charging the original price, and shipping I'm sitting there staring at my dreams thinking, I've lived this long without it. I'll let it go.
That's the emotional justification cycle. But the numbers game makes it easier.
The reality is that $349 going toward the bag instead of debt that I already have would in the end cost me an additional $365.44 in 6 years. So not only would I have paid for the bag twice already, but in the end I would have paid 4 times the cost or $1460. I could buy 48 of my TJMaxx bags for that price.
I love the bag, I REALLY do, but if I'm going to get ahead of myself and take care of future me, I need to delay these types of purchases for as long as I can.
Before the world financial crisis hit in late 2008, Coach had created a beautiful bag named Maggie. (how fitting!) They have since had other Maggie's, but as with cars (I'll tell you my Volvo concerns in the future) and many other things, the materials used in the last few years have been less than incredible.
Having just moved to New York City at the time, I was holding onto my purse strings. But strings on purses in New York City were never a safe option. You needed a zipper. So like all smart and savvy ladies of the city, I made sure to carry something fabulous. I used Bag Borrow or Steal, which is a service lending normally out-of-budget-reach bags for a low monthly fee.
The service ended up costing me more than the bag that I refused to give up, until I had paid well over twice the cost of the bag. TWICE THE COST! I finally decided to send it back. If I had been patient, and just saved for two months, that baby would be mine forever and always. While many of bagborroworsteal.com bags were rent to own, this one did not have that option. And the saddest part, when we parted ways, I couldn't find the bag for sale anywhere. Coach had already changed the design to adjust to designer and economic conditions. But I did get BBoS credit to make the same mistake again … if anyone needs $46.08 toward their BBoS obsession … what am I saying, stay away!
Since then every bag has been the stand in. They have all been fabulous, every one has gotten amazing reviews from random passerby's, and all of them have been purchased at my favorite discount bag stores Marshall's and TJMaxx for a the low low price of $29.99, but my heart is obsessing over the Coach bag.
The heartbreaking thing is, the reason I love it so much, is that this style does not have a Coach logo on the bag. It has an inconsipicuous tag on a bead chain that you can take off the handle. I love that it's not free advertising for them. Momma always refused to buy us clothes with labels on the outside. "Why am I paying for you to be a walking billboard for them." And she's right. If you are going to be a commercial you should be paid for it.
So I was really proud of myself. As the minutes and hours passed by on the auction, I let it go. I let the bag that I've loved for 6 years, in mint condition, with dust bag and all, go. And then it reposted. And my agony began again. Ladies, the thing is, if the bag were discounted, you wouldn't be able to hold me back. If that $349 bag was now $275, watch out. But since they are charging the original price, and shipping I'm sitting there staring at my dreams thinking, I've lived this long without it. I'll let it go.
That's the emotional justification cycle. But the numbers game makes it easier.
The reality is that $349 going toward the bag instead of debt that I already have would in the end cost me an additional $365.44 in 6 years. So not only would I have paid for the bag twice already, but in the end I would have paid 4 times the cost or $1460. I could buy 48 of my TJMaxx bags for that price.
I love the bag, I REALLY do, but if I'm going to get ahead of myself and take care of future me, I need to delay these types of purchases for as long as I can.
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