3 Clever Ways to Afford Luxury Goods on a Budget

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You no longer need to be a member of the 1% to be able to afford to wear designer clothes, carry a high-end handbag and spritz yourself with luxury perfumes. A number of subscription services are now available that allow you to enjoy the finer things in life for a fraction of their retail value.

Here’s a look at some of the best ways to enjoy luxury goods without the exorbitant price tag.

Rent the Runway

Rent the Runway started out as a savvy way to rent designer clothes for special occasions, but the subscription service now offers you the opportunity to rent designer clothes, handbags and accessories for everyday wear. Plans start at $95 a month and allow you to browse over 10,000 designer items to have sent right to your door.

You can hang on to items for as long as you want and swap them out when you’re ready for a new look. If you fall in love with an item you rented, you can buy it at a discount.

Vivrelle

Designer handbags cost thousands of dollars, but you can borrow your dream handbag for much less thanks to Vivrelle. The subscription service allows you to rent handbags and jewelry from high-end designers, including Chanel, Gucci, Dior and Fendi. Subscription plans start at $45 a month.

Scentbird

Luxury perfumes can get pricey, and you always run the risk of getting sick of the scent before you finish the bottle. Subscription programs like Scentbird allow you to get a month’s supply of the designer fragrance of your choice for a fraction of the price — Scentbird’s monthly subscription costs just $16.95. Choose from over 700 designer fragrances from brands that include DS & Durga, The 7 Virtues, Skylar and Phlur.

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