Carry a high-end handbag even if you're on a budget

Are you perpetually in love with handbags you can't afford? Do you wish for the means to be among those who carry Gucci and Louis Vitton?

If so, look no further. Bag, Borrow, or Steal gives ordinary women the chance to carry high-end handbags without the expense of purchasing them. The concept is simple: After paying a membership fee of $9.95 per month, you can rent any bag in their collection for as long as you want. Rental fees start at $15 per month (which doesn't get you much) and go all the way up to $2,000 per month for rare vintage bags.

Typical rental fees run from $100 to $500 per month, and get you access to names like Donney & Bourke, Coach, Fendi, Kate Spade, and Burberry. Higher monthly fees are reserved for Gucci, Prada, Chanel, and Dolce & Gabbana.

Does it sound like a deal to you? Well for those who like traditional looks and are known to carry the same bag for a year or two, renting a bag won't make sense. For those whose tastes change frequently, Bag, Borrow, or Steal makes perfect sense.

And if you fall in love with a handbag that you can't bear to part with, you can "Steal It," purchasing the bag after the company evaluates the condition of the bag and the availability of it on the open market.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.

More from WalletPop!
Ways to recycle your old clothes
See Gallery
Carry a high-end handbag even if you're on a budget
What better way of honoring your wallet than making it out of your old baby clothes or torn/stained/unwanted garments? I used the pattern from Amy Karol's 'Bend-the-Rules Sewing' and used pretty bits of fabric from a little girl's dress I found at a thrift store (it turns out I have three boys) and other scraps of fabric from cast-offs.
These sweaters were too flamboyant to wear. But my friend Larissa came up with an easy, super-cute handbag pattern to make 'em beyond wearable. Talk about a new life!
This hat, made from four panels cut from sleeves of felted sweaters, is a cute and warm way to use your suddenly too-small or moth-eaten pullovers.
My friend and I have a great time cutting up accidentally (and on-purpose) felted sweaters to make hats. But what to do with the rest of it all? Why not a fashionable "pulse warmer" with a crocheted edge and some pretty buttons.
Can you use a sewing machine *at all*? You can make a hat out of a sweater in five minutes. Measure your head's circumference (most adults are between 21-23 inches), half that number, and cut two rectangles that width (i.e. 11 inches) and about 15 inches tall. Sew up the sides and top and presto! Hat.
Living somewhere warm and no longer use your great 90s-style scarves? Can't stand the fringe? Gifted a pretty-but-scratchy muffler? Use Martha's idea: make a gorgeous fringed stocking out of your useless accessory.
Got holes? Patch up your kids' clothes with bright scraps of fabric that add personality and (importantly) full knee coverage!
Read Full Story
  • DJI26787.36-29.23-0.11%
  • NIKKEI 22522182.02383.151.76%
    Hang Seng26526.915.060.02%
  • USD (PER EUR)1.100.00060.06%
    USD (PER CHF)1.000.00000.00%
    JPY (PER USD)108.33-0.0470-0.04%
    GBP (PER USD)1.26-0.0023-0.18%