Money Bags

You walk into a store to buy something (definitely not a bag because you can still remember the guilt you felt from your last purchase) and there in all its glory is this amazing new bag that will go well with that outfit you don’t wear because you don’t have the right bag. In a flash, you’re standing in front of the mirror “trying” it on and within minutes you are buying it. The reason you were in the store, forgotten! Fast forward a few months and this bag is languishing in your closet wondering where your love has gone.

If this is you, don’t worry, you are not alone! As reported in Business Wire, on average, women spend as much as $160 on a handbag and own about 11 handbags. 10% of women have more than 20 bags in their closet; yet many of these bags remain unused due to changing trends and lifestyles. In fact, today's trend is for the professional woman to carry a backpack to work instead of a handbag as it is more practical.

In today’s world of sustainable fashion, why not consider reselling your unused handbags? Designer bags can earn you a tidy sum on sites such as The Real Real and Vestaire Collective. Poshmark and Ebay are great sites for reselling all types of handbags. Be aware that all these sites charge a commission and may have other fees. If selling isn’t an option, consider passing on your unused bags to friends, family or charities.

What treasures are in your closet? Get listing today!

Note some examples below:

PRADA Galleria Medium Saffiano Leather Tote Bag Black

Salvatore Ferragamo Crossbody Bag

Celine Classic Box Bag (illustration only)