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	<title>Comments on: Who Pays $300 For a Purse?</title>
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	<description>A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.</description>
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		<title>By: Mighty Bargain Hunter &#187; Roundup for the week of 22 October 2006</title>
		<link>http://allfinancialmatters.com/2006/10/24/who-pays-300-for-a-purse/comment-page-1/#comment-37405</link>
		<dc:creator>Mighty Bargain Hunter &#187; Roundup for the week of 22 October 2006</dc:creator>
		<pubDate>Mon, 30 Oct 2006 01:23:06 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/10/24/who-pays-300-for-a-purse/#comment-37405</guid>
		<description>[...] All Financial Matters wonders who would pay $300 for a purse. [...]</description>
		<content:encoded><![CDATA[<p>[...] All Financial Matters wonders who would pay $300 for a purse. [...]</p>
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		<title>By: S/100/30</title>
		<link>http://allfinancialmatters.com/2006/10/24/who-pays-300-for-a-purse/comment-page-1/#comment-37396</link>
		<dc:creator>S/100/30</dc:creator>
		<pubDate>Mon, 30 Oct 2006 00:53:45 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/10/24/who-pays-300-for-a-purse/#comment-37396</guid>
		<description>I have a few Coach purses (gifted to me), and I have to say I&#039;m really skeptical of the &quot;better deal in the long run&quot; argument that is used to defend them. Yes, they have held up well, but so has my $80 purse bought from Lazarus 10 years ago. Yes, most of the cheap $30 purses you can buy at Target will fall apart in a few months, but let&#039;s not paint a false dichotomy between $30 and $500.

Just say you&#039;re buying it for the brand, and be done with it. We all have weaknesses.</description>
		<content:encoded><![CDATA[<p>I have a few Coach purses (gifted to me), and I have to say I&#8217;m really skeptical of the &#8220;better deal in the long run&#8221; argument that is used to defend them. Yes, they have held up well, but so has my $80 purse bought from Lazarus 10 years ago. Yes, most of the cheap $30 purses you can buy at Target will fall apart in a few months, but let&#8217;s not paint a false dichotomy between $30 and $500.</p>
<p>Just say you&#8217;re buying it for the brand, and be done with it. We all have weaknesses.</p>
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		<title>By: Mrs L</title>
		<link>http://allfinancialmatters.com/2006/10/24/who-pays-300-for-a-purse/comment-page-1/#comment-36803</link>
		<dc:creator>Mrs L</dc:creator>
		<pubDate>Fri, 27 Oct 2006 19:40:34 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/10/24/who-pays-300-for-a-purse/#comment-36803</guid>
		<description>I have to agree with Miguel on the tv.  The picture quality may be way better for HD programming, but in the end... it&#039;s still a tv show/movie/sporting event.  Is the experience worth that much more?  I still can tell who scored the goal on my hand-me-down tv.  And sometimes all those pixels are a drawback, like when you see every pore and flake of makeup on a closeup shot.  Is the digital experience worth 10x more than analog?  

&lt;i&gt;As BD mentioned, the more expensive brand in purses may not be the one that does it’s job better or last as long.&lt;/i&gt;

I think you misunderstood BD.  She said she&#039;d gone through 3 cheap bags recently, and that she preferred the higher end Coach bags.  In this case, the expensive bag is the better value, just like buying a quality wool suit that will last forever and never go out of style.  

For the record, I&#039;ve never spent big bucks on a purse or a television, nor can I taste the difference in an expensive bottle of wine.  But I understand the people who do, and so long as they can afford it, there&#039;s certainly no harm in enjoying the finer things.  :)</description>
		<content:encoded><![CDATA[<p>I have to agree with Miguel on the tv.  The picture quality may be way better for HD programming, but in the end&#8230; it&#8217;s still a tv show/movie/sporting event.  Is the experience worth that much more?  I still can tell who scored the goal on my hand-me-down tv.  And sometimes all those pixels are a drawback, like when you see every pore and flake of makeup on a closeup shot.  Is the digital experience worth 10x more than analog?  </p>
<p><i>As BD mentioned, the more expensive brand in purses may not be the one that does it’s job better or last as long.</i></p>
<p>I think you misunderstood BD.  She said she&#8217;d gone through 3 cheap bags recently, and that she preferred the higher end Coach bags.  In this case, the expensive bag is the better value, just like buying a quality wool suit that will last forever and never go out of style.  </p>
<p>For the record, I&#8217;ve never spent big bucks on a purse or a television, nor can I taste the difference in an expensive bottle of wine.  But I understand the people who do, and so long as they can afford it, there&#8217;s certainly no harm in enjoying the finer things.  <img src='http://allfinancialmatters.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: beloml</title>
		<link>http://allfinancialmatters.com/2006/10/24/who-pays-300-for-a-purse/comment-page-1/#comment-36585</link>
		<dc:creator>beloml</dc:creator>
		<pubDate>Fri, 27 Oct 2006 13:31:29 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/10/24/who-pays-300-for-a-purse/#comment-36585</guid>
		<description>I&#039;m frugal, but in this case value trumps price. A $300 Coach purse will last forever and look brand new with proper care. A $50 purse will not. I&#039;m a Coach fan but prefer the vintage leather ones, which I get on eBay for about $50 each.</description>
		<content:encoded><![CDATA[<p>I&#8217;m frugal, but in this case value trumps price. A $300 Coach purse will last forever and look brand new with proper care. A $50 purse will not. I&#8217;m a Coach fan but prefer the vintage leather ones, which I get on eBay for about $50 each.</p>
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		<title>By: Free Money Finance</title>
		<link>http://allfinancialmatters.com/2006/10/24/who-pays-300-for-a-purse/comment-page-1/#comment-36547</link>
		<dc:creator>Free Money Finance</dc:creator>
		<pubDate>Fri, 27 Oct 2006 10:21:10 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/10/24/who-pays-300-for-a-purse/#comment-36547</guid>
		<description>&lt;strong&gt;Star Money Articles for the Week of Oct. 23&lt;/strong&gt;

Here are interesting posts and news this week from the MoneyBlogNetwork members and beyond: AllFinancialMatters wants to know who pays $300 for a purse. MightyBargainHunter is working on setting financial goals. Five Cent Nickel offers thoughts on chec...</description>
		<content:encoded><![CDATA[<p><strong>Star Money Articles for the Week of Oct. 23</strong></p>
<p>Here are interesting posts and news this week from the MoneyBlogNetwork members and beyond: AllFinancialMatters wants to know who pays $300 for a purse. MightyBargainHunter is working on setting financial goals. Five Cent Nickel offers thoughts on chec&#8230;</p>
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		<title>By: Random Thoughts on Various Articles &#124; Lazy Man and Money</title>
		<link>http://allfinancialmatters.com/2006/10/24/who-pays-300-for-a-purse/comment-page-1/#comment-36188</link>
		<dc:creator>Random Thoughts on Various Articles &#124; Lazy Man and Money</dc:creator>
		<pubDate>Thu, 26 Oct 2006 04:20:55 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/10/24/who-pays-300-for-a-purse/#comment-36188</guid>
		<description>[...] JLP asks Who Pays $300 for a purse.  From a financial decision, I can&#8217;t really see it making a lot of sense.  However, I realize that to some people $300 is like 30 cents - they just have that much money.  One person mentioned that a designer purse is really no different than a $1000 TV or jet ski.  My argument is that a $1000 TV typically functions better or has additional features than a $250.  Also there&#8217;s not a $30 jet ski version, unlike the designer purse. [...]</description>
		<content:encoded><![CDATA[<p>[...] JLP asks Who Pays $300 for a purse.  From a financial decision, I can&#8217;t really see it making a lot of sense.  However, I realize that to some people $300 is like 30 cents &#8211; they just have that much money.  One person mentioned that a designer purse is really no different than a $1000 TV or jet ski.  My argument is that a $1000 TV typically functions better or has additional features than a $250.  Also there&#8217;s not a $30 jet ski version, unlike the designer purse. [...]</p>
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		<title>By: Lazy Man and Money</title>
		<link>http://allfinancialmatters.com/2006/10/24/who-pays-300-for-a-purse/comment-page-1/#comment-36170</link>
		<dc:creator>Lazy Man and Money</dc:creator>
		<pubDate>Thu, 26 Oct 2006 03:06:33 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/10/24/who-pays-300-for-a-purse/#comment-36170</guid>
		<description>Miguel, I see your point.  As to the TV, you probably have an HDTV playing SDTV content.  In cases where you have the TV mismatched to the program - yes it&#039;s going be a step down from the old tube-technology.  However, if the technology is matched you&#039;ll get 10 times more pixels (SDTV = 200,000, while HDTV = is nearly 2,000,000), which means that indeed the picture is sharper if it&#039;s produced right.  I can&#039;t think of how it is not better unless you are doing something wrong.

You do bring up an excellent point about asthetics.  However, who is to judge asthetics?  As HC mentioned she gets compliments on her straw-purse so to many asthetics can be purchased on a budget.  Another person mentioned that her designer purses fall apart more often than the budget purses, so one could assume that it&#039;s possible to buy quality on the cheap as well.

I suppose if you really can tell the difference and it&#039;s worth it to you, then it makes sense.  However, I think typically the designer pocketbooks are more a reflection of status much like a diamond and not a reflection of great stitching.</description>
		<content:encoded><![CDATA[<p>Miguel, I see your point.  As to the TV, you probably have an HDTV playing SDTV content.  In cases where you have the TV mismatched to the program &#8211; yes it&#8217;s going be a step down from the old tube-technology.  However, if the technology is matched you&#8217;ll get 10 times more pixels (SDTV = 200,000, while HDTV = is nearly 2,000,000), which means that indeed the picture is sharper if it&#8217;s produced right.  I can&#8217;t think of how it is not better unless you are doing something wrong.</p>
<p>You do bring up an excellent point about asthetics.  However, who is to judge asthetics?  As HC mentioned she gets compliments on her straw-purse so to many asthetics can be purchased on a budget.  Another person mentioned that her designer purses fall apart more often than the budget purses, so one could assume that it&#8217;s possible to buy quality on the cheap as well.</p>
<p>I suppose if you really can tell the difference and it&#8217;s worth it to you, then it makes sense.  However, I think typically the designer pocketbooks are more a reflection of status much like a diamond and not a reflection of great stitching.</p>
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		<title>By: Miguel</title>
		<link>http://allfinancialmatters.com/2006/10/24/who-pays-300-for-a-purse/comment-page-1/#comment-36019</link>
		<dc:creator>Miguel</dc:creator>
		<pubDate>Wed, 25 Oct 2006 17:56:28 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/10/24/who-pays-300-for-a-purse/#comment-36019</guid>
		<description>As someone who has dropped some bucks on designer threads in the past, let me shed a little light on things. Now, while it&#039;s true, some people are just buying the label (and I&#039;m not necessarily defending that kind of conspicuous consumption), it is also true that there are some real differences, which matter to some folks. 

The differences are both in asthetics, as well as quality. A designer purse, handcrafted in Italy (I&#039;m way beyond Coach here) is a work of art and old world craftsmanship. The materials are also of the highest quality. Plus, the beauty of the design is something to appreciate. These are subtle issues that may not matter to some people, but do matter to others. Like wines, most people cannot tell a $10 wine from a $100 bottle. But, there are clearly those who can and for whom it is worth it. 

Someone pointed out that there is vast differentiation between TV functionality and therefore, a big TV is worth it. But, to whom is it worth? We still have our old tube-technology TV from 10 years ago. In fact, we&#039;re not so sure we like the flat screen TV&#039;s all that much. My wife is like, why am I seeing all the dots and action pictures look kind of blurry - this is suppposed to be better, but it&#039;s not. Yet it costs several times what we paid for the old technology. 

Worth is in the eye of the beholder.</description>
		<content:encoded><![CDATA[<p>As someone who has dropped some bucks on designer threads in the past, let me shed a little light on things. Now, while it&#8217;s true, some people are just buying the label (and I&#8217;m not necessarily defending that kind of conspicuous consumption), it is also true that there are some real differences, which matter to some folks. </p>
<p>The differences are both in asthetics, as well as quality. A designer purse, handcrafted in Italy (I&#8217;m way beyond Coach here) is a work of art and old world craftsmanship. The materials are also of the highest quality. Plus, the beauty of the design is something to appreciate. These are subtle issues that may not matter to some people, but do matter to others. Like wines, most people cannot tell a $10 wine from a $100 bottle. But, there are clearly those who can and for whom it is worth it. </p>
<p>Someone pointed out that there is vast differentiation between TV functionality and therefore, a big TV is worth it. But, to whom is it worth? We still have our old tube-technology TV from 10 years ago. In fact, we&#8217;re not so sure we like the flat screen TV&#8217;s all that much. My wife is like, why am I seeing all the dots and action pictures look kind of blurry &#8211; this is suppposed to be better, but it&#8217;s not. Yet it costs several times what we paid for the old technology. </p>
<p>Worth is in the eye of the beholder.</p>
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		<title>By: HC</title>
		<link>http://allfinancialmatters.com/2006/10/24/who-pays-300-for-a-purse/comment-page-1/#comment-36018</link>
		<dc:creator>HC</dc:creator>
		<pubDate>Wed, 25 Oct 2006 17:53:40 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/10/24/who-pays-300-for-a-purse/#comment-36018</guid>
		<description>My $15-on-sale straw purse from JC Penney got me compliments every summer that I took it out and lasted for three years.

My $50(?--a gift) Nine West purse is still around after four, although a bit banged up around the edges.

It&#039;s worth paying a little extra for better craftmanship, sure, but I feel the same way about premium purses that I do about premium jeans; I don&#039;t argue that they&#039;re better quality, just that they&#039;re not $120-$200 worth of better quality.</description>
		<content:encoded><![CDATA[<p>My $15-on-sale straw purse from JC Penney got me compliments every summer that I took it out and lasted for three years.</p>
<p>My $50(?&#8211;a gift) Nine West purse is still around after four, although a bit banged up around the edges.</p>
<p>It&#8217;s worth paying a little extra for better craftmanship, sure, but I feel the same way about premium purses that I do about premium jeans; I don&#8217;t argue that they&#8217;re better quality, just that they&#8217;re not $120-$200 worth of better quality.</p>
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		<title>By: sam</title>
		<link>http://allfinancialmatters.com/2006/10/24/who-pays-300-for-a-purse/comment-page-1/#comment-36011</link>
		<dc:creator>sam</dc:creator>
		<pubDate>Wed, 25 Oct 2006 17:20:29 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/10/24/who-pays-300-for-a-purse/#comment-36011</guid>
		<description>A lot of the reasons for buying luxury goods are psychological.  Expressing individuality, craving the envy or approval of others, validation of self worth.  Things like that.  Almost everyone does it to some extent, in some area or other in their lives.</description>
		<content:encoded><![CDATA[<p>A lot of the reasons for buying luxury goods are psychological.  Expressing individuality, craving the envy or approval of others, validation of self worth.  Things like that.  Almost everyone does it to some extent, in some area or other in their lives.</p>
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