Rumor has it we’re getting a nice Christmas bonus this year, and I’d like to spend some of it on a quality structured tote in a neutral color. I’m looking for something in the $200-400 range that is classic enough to last a few years.
Thanks for all the fashion advice this year. Hope you have a wonderful holiday! Rachel
Ah, the end-of-the-year bonus purchase. Before we talk about bags, can we talk about my rule for holiday bonuses?
Bonuses are awesome symbols of monetary gratitude, and you should spend, but spend wisely. If you put it all in your savings account/IRA, you’ll likely feel deprived. If you blow it all on clothes and shoes, what do you have to show for your unexpected windfall?
I subscribe to something I call the 40-30-20-10 Rule. This is not scientific, and it isn’t endorsed by a financial planner. It’s just how I make the most of unexpected cash.
40-percent goes into my savings account. 30-percent goes toward debts. 20-percent is spent on something for me (a trip, a pair of shoes, a nice dinner, etc.). And 10-percent goes to charity.
Now, let’s talk about handbags…
The first thing you need to decide is what neutral color you will wear most. Is it black? Brown? Navy? Grey? If you’re looking for a bag that can be carried in any season with any color, may I suggest grey.
I love the shape of the handles on this bag. The color is also nice because it’s a bit darker than usual. The size is good, and the cross body strap is always a nice addition.
This bag comes in many colors from neutrals to brights. It has a separator to give you one internal pocket and two inner compartments. The grey is $325, but some of the other colors are on sale for $227.
Ralph Lauren makes several chic satchels in this price range. This Morrison satchel is a chic option with several internal pockets. I own the Selma satchel ($251), and I love it. Their Sutton satchel ($328) has two zipper pockets and internal compartments for all your storage needs. Want something with a little more va-va-voom? Their Selma satchel in snakeskin is a versatile animal print.