10 Things You Could Do Instead of Buying a Louis Vuitton Purse

Ever since I wrote my post about how I’d rather spend money on experiences than on material goods, I haven’t been able to stop thinking about all of the things I could do for the same price as one designer purse.

Of course, the designer purse I was actually thinking of buying was something by Marc Jacobs and around the $500 range, but then I started thinking about what type of designer purses I saw on everyday people.

Besides the notorious Coach purses, no matter where I am I will always see someone carrying around a monogrammed canvas Louis Vuitton purse. I always thought they cost around $500, but after doing a bit of research I found out that they actually average $980. Now that’s a spicy meatball! What’s more is that’s what purse-connoisseurs call an “entry-level bag”. And I thought me spending $70 on my London Fog bag at Winners was being indulgent!

So, to show how ridiculous it is to spend so much money on just one single material thing, I’ve compiled a list of 10 awesome and possibly life-changing things you could do for the same price as an entry-level Louis Vuitton purse.

1. Party it up in Las Vegas

For the price of this purse you could buy a round-trip ticket from Toronto to Las Vegas, stay at the Monte Carlo for 3 nights, and still have $230 to spare for meals, drinks, shopping, and some obsessive slots playing.

las-vegas

2. Fly like a bird

For the price of this purse you could go tandem skydiving, get a video and photo stills of your dive down, and still have $533 leftover for several glasses of wine, an expensive dinner, and a massage (or 2) to calm your nerves.

sky-diving

3. Conquer your fear of heights

For the price of this purse you could do the CN Tower’s EdgeWalk 5 times, then enjoy the 360 Restaurant’s $72 prix fixe dinner menu with $33 to spare for a tax and tip.

cn-tower-edgewalk

4. Get a tan in the Dominican Republic

For the price of this purse you could afford a 6 night all-inclusive vacation (and round-trip flight) to the Dominican Republic.

dominican-republic-beach

5. Have a “Bachelor” moment

For the price of this purse you could enjoy a romantic helicopter tour around Toronto at sunset plus a one-night stay in the Deluxe King Suite at the Fairmont Royal York.

royal-york-toronto

6. Get your fill of grand jetes and pirouettes

For the price of this purse you could buy a full series subscription to the National Ballet of Canada (6 ballets) with prime seating in the Orchestra 1.2 section, and have $164 leftover for wine and goodies at intermission.

ballet-of-canada

7. Be a tourist in Toronto

For the price of this purse you could get two Toronto City Passes (giving you access to the CN Tower, Royal Ontario Museum, Casa Loma, Toronto Zoo, and Ontario Science Centre), two Side Prime seats to a Toronto Raptors game, and transportation via an 8-passenger limo for 3 hours.

royal-museum-ontario

8. Float up into the clouds

For the price of this purse you could float up into the clouds in a private hot air balloon for two and still have $30 extra to put in your pocket.

hot-air-balloon

9. Take the plunge and get wet

For the price of this purse you and a friend could go bungee jumping over the Ottawa River, then go white water rafting, and have enough leftover for a two-night stay in your very own chalet.

white-water-rafting

10. Invest it to afford even more experiences later on

And finally, for the price of this purse you could invest this money, let it grow for a few years, then use the money to afford many more awesome experiences down the road.

What would you do for the price of one Louis Vuitton purse?

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Showing 49 comments
  • Rob
    Reply

    “What would you do for the price of one Louis Vuitton purse?”

    Have money to cover our family’s grocery bill for 2 months (- and – still have some coffee money left over)!
    Besides, I can never find a purse like that to suit my demanding tastes – sniff! 🙂

    Speaking of purses, years back my wife picked up a purse for a measly $2 at a church bazaar. The following spring we saw the exact same purse when we were vacationing down in the Bahamas – price tag: over $600 (it really blew our minds!)

  • Cristin @ Eve of Reduction
    Reply

    This looks like a fun bucket list! I’m going to the Dominican Rep. this year! And I can say first hand that I’ll never forget what it feels like to jump out of a plane. It feels nothing like the guilt of paying a ton of money for a purse. Ha!

    • Jessica Moorhouse
      Reply

      I’m still considering skydiving at least once in my life. It looks amazing, but if I’m too chicken to go on the big rollercoaster at California Adventure in Disneyland, I’m not sure if I’m ready to jump out of a plane yet.

  • Kali @ CommonSenseMillennial
    Reply

    For the price of one purse (and it pains me to think people actually buy the purse), I’d probably put that money toward our upcoming trip to Ireland and Scotland! We’re good about saving and investing, so I’d love to experience more on our trip and I know an extra grand would really help us do that.

    • Jessica Moorhouse
      Reply

      Oh, I so want to go to Ireland and Scotland! That’s on my bucketlist for sure!

  • Mark Ross
    Reply

    I would probably buy a new site that could return my investments within a year. After that, I’ll sell it, buy another site, and continue to make money from it. Or just buy a nice stock that I like and let it sit there for a while before I get it back.

  • Shanondoah
    Reply

    Love, love, love this post! I always use Vegas as my “you could” when people talk about expensive purchases.

    • Jessica Moorhouse
      Reply

      Because there are always so many good Vegas trip deals! Plus Vegas is super fun. I’ve been there twice and wouldn’t be surprised if I went a few more times.

  • Amanda @ Passionately Simple Life
    Reply

    I’ve really thought about these purses, considering it’s one of my weaknesses. But in reality I’d probably use the money for a nice trip to Europe. Now that would definitely be worth it!

    • Jessica Moorhouse
      Reply

      Totally! Just think, you could buy this purse or go to Italy and eat your face off. Ya, Italy for the win always.

  • Kendal @HassleFreeSaver
    Reply

    LOVE THIS! Thinking about indulgent purchases in terms of opportunity costs is a genius way to curb silly spending.

    • Jessica Moorhouse
      Reply

      So true, it helps me whenever I’m about to many too much money on something silly.

  • Michelle
    Reply

    Love this! Buying a $980 purse is definitely not for sure. I’d rather do any of the things on your list instead!

  • Bridget
    Reply

    LOVE this list! Such a good experiences-before-stuff moment 😉

  • Well Heeled Blog
    Reply

    I’m also a huge fan of experiences before stuff, but can’t stuff help you create great experiences? What if you bought the LV purse, and you used it on a trip to Paris, and later you left it to your daughter? Or maybe you bought the LV purse in celebration of a big promotion (and you just don’t want to go skydiving or see the ballet anyway) and now every time you see the purse you are reminded of how far you’ve come?

    $800 purse doesn’t make sense in a lot of people’s minds, but an $800 concert ticket may not make sense for other people either. Different strokes for different folks. I don’t think one is necessarily better than the other.

    • Jessica Moorhouse
      Reply

      Very true, different strokes for different folks. I just also know that if I did actually buy this purse, I would either lose it, break it, or spill wine on it. There’s no way it would ever makes it way to my future daughter haha.

      • Lucy
        Reply

        I was thinking of buying an Lv purses but backed out .. If you have much surplus or you are very rich buy it as a status symbol and enjoy it . But for a normal averaged salary person it is an waste of money . I realized I can pay for groceries for 6 months with that money or my kids extra activities for 2 years or have it as a buffer in case we loose our jobs . If that amount makes a difference for you in my opinions then you can get a lot with that money .even though I have surplus I would not buy it for the kind of income our family makes . I just got a coach purse for 100$ a few years back and have been using it for everyday for 3 years . It is in excellent condition even now .. If you want quality purses buy affordable brands like coach or Michael Kors which do the job . In my opinion Louis Vuitton is overrated ..you are paying for brand rather than the purse .

        • Jessica Moorhouse
          Reply

          Totally agree, there are good quality purses out there for much more reasonable prices.

  • Marvin
    Reply

    My wife always jokes about me getting her those. I always tell her once we have a networth of $1 million, then I’ll let enough interest accrue so she can go buy one.

    • Jessica Moorhouse
      Reply

      That’s my thinking too. Once I’ve got a ton of cash in the bank, then spending that much on a purse won’t be so crazy. Until then, it’s whatever’s on sale for me.

  • Buttercup
    Reply

    This is a really great list! I would rather do any of these than buy a purse for that much, especially a caribbean vacation!

    • Jessica Moorhouse
      Reply

      I could really use a caribbean vacation right about now. I’m so done with this cold winter!

  • Jen
    Reply

    For the price of a Louis Vuitton purse, I would much rather spend my money on a vacation but if you’ve got the money to spend then sure, why not? There’s nothing wrong with spoiling yourself.

    • Jessica Moorhouse
      Reply

      For sure, if $980 isn’t that much money to you, then go ahead. It’s just I know most people that buy these entry-level designer purses don’t have that kind of money to just through around, otherwise they’d probably be onto the real designer purses.

  • Tee Mah
    Reply

    I share your point on branded bags. Like you, I’d rather spend my money on some of the items on your list than on branded items. However, what I have learned (from you know who) is that there is indeed a very healthy used market for branded bags (and other branded items), especially in Asia. If you take good care of your branded bags, you can resell them at a rather good value, so the money is not totally gone in a way.

    And if you talk about some limited edition or very high-end brand like Hermes, then sometimes you can make good “profit” out of your “pre-owned” bags.

    As it turns out, my wife made more money from turning over her rather humble bag collection that I made from my GCI during the past couple of years. Besides, people think she has so many branded bags, because she seems to always carry different ones. So, she rested her case, and I’m forever muted on this issue. 🙂

    • Jessica Moorhouse
      Reply

      That’s true. You could essentially buy a designer purse then re-sell it on Ebay.

  • Kathy
    Reply

    I wouldn’t spend that much money on a handbag but I have spent $400 on a few. Some of my classic Coach bags are 20 years old and I’m still carrying them on occasion. While the experiences might be entertaining and fun, once they are over, they’re over. You have to rely on your memory to keep reliving the experience. What happens if God forbid, you get Alzheimer’s and can’t remember anything? Personally, I am afraid of heights and flying so some of those experiences are pure torture for me. Everyone has different priorities.

    • Jessica Moorhouse
      Reply

      Good thing there’s cameras, smart phones with cameras, and video cameras to document everything though 🙂 But if heights or traveling doesn’t float your boat, then spend your money however makes the most sense to you.

  • Emily
    Reply

    Being a lover of labels, but also being on a tight budget, I can really relate to this post since I definitely do NOT have that kind of money to spend on ONE bag. I have a hard enough time owning the ones I do have without feeling guilty! My grandmother definitely spoils me on the holidays, but to spend my own hard-earned money on a bag would just be too painful. I’d rather live it up in Vegas!

    • Jessica Moorhouse
      Reply

      Totally agree. Love Vegas, and there’s always a good deal on flights and hotels!

  • Michelle
    Reply

    For the price of that purse $900+ I would go to Nicaragua for a week. I have already priced a trip and it was around that price. That bag is u-g-l-y!! I’m a Prada/Michael Kors girl though 🙂

    • Jessica Moorhouse
      Reply

      Nice! I’d much rather go to Nicaragua than have this purse on my arm.

  • Erin @ Grad Money Matters
    Reply

    Holy crap, way to put it in perspective! I had no idea they cost that much, I personally think LV purses are UGLY.

    For the price of this purse, I AM going to FinCon (including conference fee, hotel, flight, and food!) 🙂

  • Budgeting
    Reply

    I cannot work out even today the craze that LV product are giving out to women. Some have not idea yet still want an LV purse and some just dont know how to use or keep one normal purse. Ladies budgeting is so critical unless you marry an old man with too much cash to burn.

    • Jessica Moorhouse
      Reply

      Haha same here. No idea why anyone would want to dump that much money on a bag that just holds your wallet and lipstick.

  • Austin
    Reply

    Yes, Louis Vuitton persons are common and overpriced, but they are also no where near the top when it comes to Luxury purses. Hermes Birkins start at roughly 5000 and the more common popular models are 10k-15k and get in excess of 150-300k. People that should be buying Louis Vuitton purses, Have the money to travel and do all of the above activities, except while carrying a Louis Vuitton purse. These are luxury goods for people with the pockets to match it. People that should be in this store will be saying “How many different colors does it come in and how many can I take home with me,” not oh my 1000 dollars on a purse.

    • Jessica Moorhouse
      Reply

      True, there are much more expensive designer purses out there, but similar to Coach persons, they are still relatively attainable in price for most people making an average salary. I’d love to believe the only people who buy them can actually afford them without a second though, but I just don’t think so. I think a lot of people waste a good chunk of their paycheque on something that would make them look richer than they actually are.

  • Mahalia
    Reply

    My step-daughter has a Louis Vuitton purse. Looks great with her Target clothes and Coach factory outlet shoes. She should have used the money for a therapist.

  • Queenie
    Reply

    Speaking from experience, I’d much rather spend the money on trips with my fiance so that we can both enjoy it. I’m having a buyers remorse due to bad experiences with louis vuttion. I have racked up about $7000 worth of lv bags. Sadly, I was addicted after buying my first one. My fiance paid for some and I paid for the others. The bag itself is actually not worth it. The quality does not stand to its price. I think it’s mostly overvalued by people creating the chance for lv to increase their price to whatever they want. Today, I’m happy Ive been freed from this addiction. I can make good use of my money and just simply enjoy life.

    • Jessica Moorhouse
      Reply

      You could always sell them to try to get some of your money back? Glad to hear your done with your LV addiction though!

  • Jessica
    Reply

    Actually we cannot generalize like that. It depends on what one likes to do with their money. What brings them joy. If it gets them joy in buying a Lv bag then let them buy. If it brings them joy in skydiving let them do it. So we can’t say these r only the things you can do instead of buying a purse. The 3000$ vacation is gone after you had that experience but having a purse you could enjoy it in your lifetime. There is also a secondhand luxury market for pre owned items. So i would say do what you love but not generalize and say something is a waste . I personally not tend to buy such expensive bags because I have other important things to spend my money on. But I don’t judge anybody who spends the money on what they want

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    Reply

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  • Melissa
    Reply

    $900? My latest cost $3,400! LV’a don’t average $900. The wallets and bag charms average that much.

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