A Jewelry/Luxury Buying Mindset: Rule #5 Is Don't Buy Pretty

An example of a pretty I don't buy, but what a temptation of emeralds, white and black diamonds in 14k gold.

YouTube Luxury Mavens talk about their collections. Often I find the amounts they spend and especially the quantity they continue to unbox alarming! Where does it stop? At $100,000!? $200,000!? $500,000!?! Even if you earn highroller-level money, when is enough ... enough?

Today I'm using my rules on when to purchase jewelry as a guide for describing a mindset that applies to buying all luxury goods for anyone on a budget. Think of luxuries as big-ticket items we love but don't need. Hard as it is to believe, I love💙, but don't need this gorgeous tanzanite and diamond ring over to the left! It's so pretty!!!😍

We're not millionaires, and luxury goods nearly always cost us more than what we make in a week ... or a month! We have to save up to own a piece here and there, therefore I'm super selective on what and when to part with a chunk of change. Plus I put a cap on the amount I'm willing to drop on a single luxury good. It's a splurge, not an essential or an investment (as you'll never get the full value of what you pay if you have to sell it). So let's begin ...

The Jewelry/Luxury Goods Buying Mindset -- the rules explained:

1) Don't collect - You don't need a collection. Pick a few articles of fine jewelry you really love that can be mixed and matched, plus worn daily, as well as, to galas. A person on a budget can't afford signature rings or necklaces that stay inside a box except for a few days a year. After saving and sacrificing to buy a piece you love, be sure you get your money's worth by being able to wear it often instead of storing it away.

2) Discriminate - Figure out WHAT you really love (white, yellow, or rose gold); your favorite gemstones; and forgo everything else! Don't buy fashion jewelry. Save up for fine jewelry and buy only the gemstones, size, and style you most relish. You won't miss everything-else!

3) Stick with the classics - Usually, you won't get your money's worth in terms of how often you wear cute animal motifs or signature rings, earrings, bracelets, or necklaces. They're for people with more disposable income who can afford impulse buys and surpluses of fine jewelry ...  folks with crazy surplus money.😄 Savvy Shoppers on a budget focus on a capsule of classic jewelry to be worn nearly anytime and anywhere.

4) Never settle on the "c" (cut, carat, color, or clarity), the main detail most important to you - Save yourself the cost of having to size up or rebuy jewelry because you compromised your true love away. Don't buy a tiny gemstone if you really want a big rock. Likewise, don't pull the trigger on the wrong gemstone, say ... a blue topaz, if it's really sapphires that make your heart sing. Save up for your true loves of attraction like a bigger carat weight or your most loved gemstone.

And of course, be realistic: I adore the quality of the diamonds, sapphires, rubies, and emeralds sold by Tiffany & Co., but can't afford more than a minuscule size of Tiffany-top-quality gemstones. But! I'd be terribly unhappy with the carat sizes of stones I'd have to bring home after spending a ton of money there. I understand myself well enough to know I don't want to pay top dollar for a teeny-tiny gemstone. Always at Tiffany, my true loves of attraction are their HUGE flawless, solitaire stones -- the 5+ carats of diamonds, sapphires, rubies, emeralds, and tanzanites, therefore I can look without temptation, despite the beauty and glitter blinding me! This leads us to my 5th rule ...

5) Don't buy pretty - I love all gemstones but only own a few. I don't have opals, tanzanites, alexandrites, yellow diamonds, black diamonds, red or green garnets, and a slew of other pretty jewels in my "collection" because I have a capsule, not a collection. Personally, since I can't afford every spectacular stone, adding a piece over the years to my capsule doesn't include the softer more delicate gemstones, nor the most expensive stones per carat. Alexandrite is one of my birthstones, yet it's too pricey per carat for my consideration. As mentioned, I refuse to spend big money on a tiny stone! So I own my other birth gem, pearls for much less. I did not do without; did not go broke; do not use spectacles to see it; still ended up with beautiful birth month jewelry.

All of the Effy jewelry uploaded today are beautiful pieces I do not own for various reasons cited in the blog. If not selective, I'd be happy with all of the uploaded pieces. Ooh and ahh, Mr. Effy!😍 The tanzanite and diamond ring above, costing $14,250, proves how more often than not, I don't buy pretty.

Amethyst, sapphire, and tsavorite stones.

In summary: A luxury buy is always about loving, not needing a costly material thing. Owning "it" should result in a happy dance every time you touch it. Discriminate. Don't settle. Create a capsule, not a collection. Buy your true love (the gold, carat, gemstone) even if it takes longer to save up for "it"; then don't waste your money by keeping the purchase in a box/closet/safe. 

And finally a bonus rule: If you love "it" too much or not enough to wear after "it" is yours, sell it! By keeping "it" in a drawer, you've wasted the money spent, so try to recoup what you can.

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7 Tricks For Saving Money

We need enough money and the right material things to run our lives efficiently. However many people live on a budget, so it helps to stay mindful of how and why we buy things ... and to use our earnings wisely.

7 Tricks to Save Money on Things You Need include:

1) Make a list of things that are wearing out: Aim to replace them when they go on sale. Buy your new winter coat at the end of the winter season and a bathing suit at the end of the summer season. Mattresses usually go on sale in May and November, and cars often in December. When you know it's about time to buy a big-ticket item (yes, bathing suits have become a big-ticket item!) start studying prices so that you can snatch it up at its end of season lowest price.

2) Price shop for electronic accessories: If you own a computer, iPad, or smartphone and see their chargers reduced, buy a standby at a few bucks for when the original charger coughs and dies. I have 3 backup batteries for my

landline phone headsets for when they need replacing. And printer ink, I buy in bulk of 3 (or sometimes 4) sets at a time for about $15 bucks total. There are times we may end up wasting our money if the unit, itself, dies; but it's still a good money-saving practice as you will pay 3 or 4 times more if you must buy the accessories on the spot at full price. When your charger, or batteries die, you have to replace them instantly to function. At that time, you can't wait for a sale price to roll around.

3) Shop on holiday weekends - Department and big box stores usually offer sales to draw customers in on holiday weekends. It's when you can take advantage of 20% - 40% reductions off regular prices.

4) Keep your clothes and other things organized - Although I tend to be an under buyer, whenever I organize my closets, I realize I still have too many clothes and don't wear most of them. Taking stock of what I have lessens my urge to buy more t-shirts; leggings; hair conditioners; and bars of soap when I step into Uniqlo, Old Navy or T.J. Maxx to find fantastic low prices. Enough is enough and too many are too many regardless of tempting price! (I have one exception: If T.J. Maxx restocks SheaMoisture hair conditioner in Peace Rose🌹, I can buy it!😍)

5) For your wardrobe, buy good quality basics and know your color palette - It keeps you from buying mistakes. I tend to wear navy blue, black and some gray as my neutrals -- then jazz them up with colorful tops in red, blue, pink, or purple, as well as, stripes, polka dots and floras in those colors. Most of my clothes can be mixed and matched. I also buy sweaters to go with the tops and pants I already own. I try to rotate and wear most everything, yet like many people in 1st world countries, I have more than necessary. 

6) Buy for your lifestyle - Not for a single-use, or just because something is beautiful. Once I tried on a gorgeous gown in Bloomingdales that made a friend gasp and encourage me to buy it. It was surprisingly affordable ($125) yet I didn't take it home since I had NOWHERE to wear it. Sometimes for fun, I also try on expensive jewelry ... but short of being invited to New York's Met Gala, the pieces will stay in their showcases. Why? Because I don't have the lifestyle to wear them. Luckily I live in a city with luxury shops where I can visit and admire luxury goods whenever I want. 

7) Know yourself and be honest: Although I love both retailers, I'm safer at Tiffany & Co. and more tempted to open my wallet at T.J. Maxx. So if I shouldn't spend money, I head to Tiffany for a browse. Don't lie to yourself and go where true temptation lurks. Too many inexpensive things add up also! I think it helps to put purchases on one credit card so you get slapped in the face with the total of all your buys -- big and small -- at the end of the month.

In short, always be mindful. Try to buy everything you need on sale whenever possible, but not everything you want regardless of sales. As we get older, we realize we simply don't need as much stuff! As it turns out, we're happy when we have enough. It doesn't take more than enough to be happy. Do you agree?

🎈🎊🎉This is my 1,000th post here on THE SAVVY SHOPPER.🎈🎊🎉

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