HOW I AFFORD LUXURY 🤑 All my secrets and budgeting tips | How to afford luxury items

➡️ OVERVIEW
Hi friends! I received a lot of requests to share my tips on how I afford luxury items. This video is going to be all of my personal tactics when it comes to budgeting for luxury items, saving for luxury items, how I afford luxury items, and how to save money on luxury items. I am also going to share more about my career, what I do for a living, and how much money I spend on makeup ;) Hope you find this video helpful!

➡️ THINGS MENTIONED IN THIS VIDEO

Some of my links may be affiliate which means that I may earn a small commission from the brand at no cost to you. Please consider supporting my channel by shopping through my links

➡️ ON MY LIPS

➡️ ON MY FACE

➡️ ABOUT ME
Age: 32
Skin Type: Dry, Redness Prone
Undertone: Fair Neutral
My Foundation Shades: Pat McGrath Light 6, Chanel B10, Chantecaille Alabaster, Suqqu 110

➡️ SHOP MY LINKS

[stacibee]

Sofia- thank you SO much for this video! This is such an important topic and something I wish more influencers would share. It’s so easy for followers and subscribers to get caught up in the FOMO with all the newest releases and want to buy, buy, buy even at a financial detriment (credit cards, Afterpay, etc). Thank you for sharing this information and being so open and transparent about your finances and background. Your hard work does not go unnoticed or unappreciated.

[faLLingFASterfeARing]

Sophia this is the best video ever. You’re successful because your passion shows! And I totally agree with your work ethic…hard work DOES pay off, if you’re at the right company. I understand the burnout but I totally disagree with the quiet quitting culture today. I have tripled my salary over the last ten years without extra degrees and I have a really easy job right now which helps me spend more time with my daughter. The strategy of working hard, taking on extra work and just doing my best paid off because I was at a good company. You’re an inspiration regarding your savings and budgeting :) I have some debt to pay off over the next year and needed this❤

[tracie-hill-piano]

I 100% am interested in any luxury purchases advice you have to offer! You are so practical and helpful.

[masonjeq]

Great video. The high points for me were covered with budgeting, maintaining separate accounts, investing, shopping smart (sales/consignment), and checking your inventory before sales seasons. I'd add it that has helped me contextualize is tracking empties/declutters/donations or even number of uses (depending on product type). When I first started skincare a few years ago I didn't realize how much product I actually used and, while I could have kept a spreadsheet, I just kept empties for 6 months. This gave me a very realistic understanding of how much product I had/needed. 

I also find it's helpful to figure out what you "want" from your belongings for your lifestyle. I'm often of the mindset that for long term use purchases I want something high quality or I just want/need to replace it in a very short period of time. As an example, I paid a bit over $100 a year for a blender (pre-Ninja days) for 4-5 years because they kept breaking given that I make a lot of smoothies with ice. Then almost a decade ago I bought a Vitamix for a discounted price of about $450, and while I paid substantially more for the product it has lasted and given me a superior result for that entire time period. I apply similar logic for clothing and actually for many makeup products where I prefer 1 "perfect" product to 20 types of variety. Alternatively for skincare that is regularly used up I often don't find the luxury spends worth the 1-2 months of use. Applying this logic to makeup purchases for others, if you're making decisions on where to spend your money on luxury it might help to figure out where you want to see consistency and a superior result. For example maybe you find 1-3 foundations that will always give you a superior base that you'll use up, but buy less expensive lipsticks if you like to have 30 different colors/finishes and will never use up a 10th of the product before it goes bad.

[megstarbright]

Yes please do a video on price differences of designer items abroad vs here! 😊

[loriwht]

❤ this video!!! Talking about budgets, saving, investing, financial advise, a work ethic to finance the life one wants, not financing a luxury life on credit, focusing on our wish lists instead of impulse buying…. 👏👏👏
You included so many gems in this video. I have so much respect for you. 🙌♥️ Thank you

[WallxFlower]

I’ve been admittedly really impulsive with my spending lately (and let’s be honest, my whole life) and this was the encouragement I needed to start taking budgeting seriously, so thank you!

[VeraSemper-wf]

Thank you for giving us a real viewpoint of what you do and how you do it.

[Zizo]

Good for you sofia! Pre married life, I was able to buy myself several big ticket items and I’m soooo happy I did! I was working a full time corporate job and waitressing on weekends so I could do that. Now with a family, handbags & trips are not the priority. But glad it’s out of my system. Side note though, the price increases are crazy.

[biznis]

this was super interesting for me, also that you stressed that you approach your youtube channel as a business. angelica nyquist has also a series where she shares what she spends in a month and I have often wondered if I am overspending as makeup is only a hobby for me and not a revenue stream. it's good to compare!

[cwalsh]

This is such an important topic but is still not talked about enough - money and budgeting. Thank you for sharing information on this ❤️

[loytoco]

I always enjoy this type of videos. I think self-awareness when it comes to finance is essential. I am at a point in my life where I can't splurge on too much, I have a few little bits that I love and enjoy, but I generally have to budget even for make up. I am fine with that, for the moment, and I don't feel the need to overspend. I particularly appreciate you mentioning not to finance "frivolous" expenditures, because I think that is a problem for some people, and it's a dangerous road to take.

[sep.s]

Fellow Product Manager here :) Buying pre-loved (apart from budgeting!) was a game changer for me, and it can cover a number of things as well as luxury, such as electronics.

[Allfeisty]

Great advice! Absolutely agree with all of it.

[eleonorederieux]

Girl! I loved this video! I love how you apply your Product Manager mind to your channel. Always looking for ways to improve your content and give us things we don't always expect. I really feel like this set you apart from other luxury channels I watch. Please keep up the amazing work!🙏

[midlifemom]

U are an intelligent and fiscally smart young lady. Many dont have willpower to set aside for proper savings. I hope others learn from you.

[carolwong]

You are so impressive. Many young people like you cannot manage their funds. You got you act together girl!

[romana.in.wonderland]

Sophia, thank you for this great video! Finance & budgeting is not boring at all. I love "checking myself": how am I doing now? How am I doing on the long run? This mindset helps me to buy a few luxury items per year AND travelling. I buy preloved and own Chanel, Balengiaga & Fendi by now. I have items on my wishlists for months or years until I find them in the perfect condition at my price range. Being aware of the own income and the financial goals is so rewarding!
EDIT I love your honesty and how hard you focus on working.

[isadoraduncan]

Thank you for your honesty and tips Sofia! You are the best and most down to earth “REAL” you tuber. Keep up the good work 👏🏻!

[lissettemendez]

First, THANK YOU for making this video. I thought I liked your before but no, NOW I really like you and your transparency is so refreshing. I LOVE IT! Second, stop saying this is boring ;) ( ok it may not be as exciting as a new eye shadow palette lol) but is so important and I love the fact that your sharing this with us. I am just a regular individual and I have to say I have more make up than I should BUT I am also working towards my retirement, and trying to take my finances to the next level so hearing this is even more inspiring. Thank you again for sharing some very important facts of life and good tips ❤🎉😊 I particularly don’t care for ‘luxury’ items just because they’re luxury, if it’s pretty and catches my eyes then I’ll consider it and think about buying it 😊. I refuse to just pay for ‘names’ which is the case for a lot of the luxury brands.