Should You Bag, Borrow or Steal?

Q: I was on a blog searching celebrity gossip and there was a link called bagborroworsteal.com and basically you can rent a handbag, return it and rent another one for a fee each month. Why in the hell would someone want to rent a handbag? Couldn’t you just save up and buy it?

A: I’ve received quite a few questions about bagborroworsteal.com and other sites like it. These sites charge a flat fee per month (starting at around $10 bucks and increasing) and then an additional fee for renting ranging from $5 a week for cheap bags you can buy easily at your local Marshalls to $100+ a week for a couture bag that you probably didn’t need anyway.

The appeal is a little like leasing vs. buying a car— those who like to change purses often or want the status that a brand name conveys will like the service. But unlike a car, which provides transportation, you don’t NEED a designer purse.  Folks act like carrying a designer bag is some basic human right. What would be smarter would be to take that $300 a month and save it and within 3 months, you could have the bag. Or better yet invest it in a retirement fund or savings account and forget about this obsession with status.

On a personal note: I’m a big fan of purses. I love them (along with accessories in general).  I would never participate in a service like this for the same reason I would never lease a BMW or Mercedes—if I can’t afford to buy it, then I don’t need to have it.  Although, if I lived in a place like my hometown of Minneapolis, where the public transportation system is practically non existent, then I might consider leasing a BMW . . .but never a bag.

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Catherine Brock

Owner and Editor at The Budget Fashionista
As a Southern California transplant now living in the Midwest, Catherine has turned layering into an art form and accepted that UGGs actually do have a place in the stylish lady's wardrobe. She's been featured in Woman's World Magazine, DrLaura.com, Refinery29, Wellness.com and has made appearances on ABC7 Chicago, FOX2News St. Louis, KCAL9 Los Angeles, Fox19 Cincinnati, WGN TV Chicago and WCPO TV Cincinnati.
Catherine Brock