Heart Evangelista has an undeniable affinity for heels, art, and most especially, bags. Everyone knows that she has an impressive collection of arm candy, which she prides herself in owning considering how she's worked hard for them. Here's what most people don't know, though: Regardless of her natural urge to purchase a designer bag whenever she wants to, Heart makes sure she plans her finances to a T. In fact, she saves up and thinks twice before buying anything. And in an exclusive interview with Preview, the actress finally shares her tried-and-tested tips on how to manage your budget before making a big purchase.
1. Marie Kondo your bag collection.
"After I went wild on bags (my collection), my husband who helps me handle my finances told me I am only allowed to buy another bag if I get rid of another. It’s been tough but it teaches you discipline."
2. Choose pieces you'll love and earn from in the long run.
"I also only invest in bags that don’t depreciate." Bags that don't depreciate in value can be resold at cost value or even higher as vintage goods.
3. Good things come to those who wait.
"If you want something, wait and save up for it. Don’t buy your second option because you’ll always get your first option! You’ll just spend more anyway if you get two bags instead of one."
4. Review your closet first.
"If you can wear it every day, [if it] matches with everything you own, and you would wear it when you’re 110 even while sitting down in a rocking chair, then get it." This way, you can get the most bang from your buck!
5. Buying into trends every now and then is okay.
"I sometimes allow myself to go for trends, but most of the time, I hold back and wait to buy the classic stuff." After all, classics are timeless pieces you can wear forever or pass on to your future children!
So how does she manage to afford her designer bags?
According to Heart, she uses her art to rack up her savings.
She looks for a second-hand bag bought at a more affordable price and gives it a makeover. She sells these newly-painted bags to clients and friends, and certain clubs like a Birkin club. "I have a specific market for my bags from Indonesia and sometimes Dubai," Heart adds. From these sold bags, she earns a commission, which goes straight to her bag fund.
Additionally, Heart shares that every month, she sets aside some money for that "goal" (A.K.A. the bag that she currently has her eyes on). Sometimes, she gets the "butal" of everything she's earned and sets that amount aside. She also keeps a separate account, which she aptly calls her "spending account" to properly organize her money.