How to live a more luxurious life on a budget – Coveteur | Gmx Pharm

We all deserve to live luxuriously, but with rising rents, house costs and inflation, you may think that living luxuriously is nowhere in sight. Luckily, improving your life only takes a few strategic steps when you’re working on a very small budget — and the payoff can be huge.

“Luxury is all about quality over quantity, but it’s also about prioritizing what’s important to you,” says Bola Sokunbi, Certified Financial Education Instructor (CFEI), founder of Clever Girl Finance and author of Choose success. “Spend on what you like, not what others like.” Sokunbi says that the most important part of living in luxury is finding what matters most to you and going for it. And that shouldn’t come with guilt — if you make something a priority, that’s for you. (Just make sure you save where you can.)

Ahead, a breakdown of the best ways to live more lavishly if you don’t necessarily have the bank account of someone who can spend lavishly.


Hack the scoring system

In general, your money will keep going online unless you’re buying unique things from places like estate sales, vintage shops, and the like, especially for higher-priced items. (Think about the environment when shopping; if you’re already in a store or near a store, you should avoid shipping anything from the store to your home.) When shopping online for large purchases, large transports and the like , you can have a purchase count towards rewards three times.

As? 1) Sign up for whatever rewards scheme the retailer has in place and sign up before making any purchases (and review any promotions they run). 2) Use a credit card that offers points or cash for your purchase. 3) Sign up for third-party cashback or rewards programs, like Rakuten (which gives you cash back) or MyPoints (which gives you points that you can use for rewards). Both have web browser extensions so you don’t even have to think about it – you just click on the extension and it will automatically show you how much you’re getting back or how many points you’re earning with just that one click.

Find promo codes through browser extensions

Browser toolbar extensions are the easiest way to ensure you don’t lose anything (especially when making large purchases). Honey is another extension you can use that basically scans the web for promo codes you can use and automatically applies them at checkout.

Make second-hand, rental and loan clothing your go-to place – not your alternative

If you can’t afford to buy new, you can look into used and rental options, according to Colleen McCreary, chief people officer and consumer finance attorney at Credit Karma. “You can rent high-quality, trendy outfits from sites like Rent the Runway for under $30 (just make sure you can afford the fee and follow the rules so you don’t face penalties for a late return). Or, if you’re like me, create a watch list of items you want on Ebay to be notified when they’re on the market and within your price range,” she says. “Finally, there’s no shame in relying on the closets of your friends and family — when you combine the closets of others, you suddenly triple your options.”

Sokunbi agrees, saying it’s okay to spend on what’s important to you — in moderation. For example, if you’re into luxury handbags, try buying from a resale site like TheRealReal or Vestiaire Collective and make sure you go through your number of bags to sell them too. (Pssst… I’ve personally had great success buying and selling items at Mercari, and they even have a luxury verification process for those who want to make sure the items are authentic.)


Get a credit card with lounge access

If you travel moderately throughout the year, it’s definitely worth looking into cards that can give you travel benefits. This can be anything from free checked baggage to Global Entry or TSA pre-check fee waivers (more on that below) to priority lounge access. While most of these cards have an annual fee (most fee-free cards don’t have lounge access), if you’re spending money on drinks before every flight, you need a meal to get you through an hour-long day of travel or coffee to take you with you after a flight To keep red eyes awake, it’ll probably be worth looking for a $250-$650 card that gives you access to free drinks, free snacks, coffee, a comfortable place to sit, eat, and work and still more benefits.

Amex Platinum is one of the best (though the more expensive of the group) along with Chase Sapphire Reserve and Capital One Venture Rewards. But if you’re loyal to an airline, try looking for cards that work specifically with that airline to get upgraded status and discounted lounge access much faster, usually at a much lower annual fee. (I love my Delta Skymiles Platinum American Express.)

Check out the Priority Pass

Some of the above credit cards entitle you to a free Priority Pass, which gives you access to more than 1300 airport lounges or areas around the world, as well as discounts at airport restaurants and shopping. If you buy direct, pricing starts at $99 per year and goes up to $429 per year.

Use your credit card for free global entry or a CLEAR membership

Many travel-oriented or general lifestyle credit cards (not just those with high annual fees) grant at least some credit or waiver of Global Entry, TSA Pre-Check, or CLEAR. Check your credit card to make sure it’s easier and cheaper to fly with priority. (In most cases Global Entry is the way to go compared to TSA pre-check as Global Entry includes pre-check and the difference is around $20 which again can be free depending on your credit card.)

Remember your miles

Experts agree that traveling with miles is always the best return – not goods or cashback. However, use them in a way that makes sense to you! But if you’re redeeming airline miles for flights, also look at the partner airlines and see how much the route would cost using their mileage system. You can often transfer miles to that particular airline, as airlines often have very different mileage values ​​for the route. Make sure you get the best deal! Also look at transfer offers if you are thinking of making the transfer because sometimes your account will be credited with even more miles thanks to online transfer promotions, although you often have to use the promo code.

food + socializing

Join a social club

Do I think everyone wants to be a member of a social club? no Are they a good chunk of money? Yes. I think they could probably offer you some great things, especially in a remote-first work arrangement? Yes. Do I think you can get a discount? Yes.

Some things to consider: Are you new to a city? Do you travel a lot? Are you already paying for a gym membership or other amenities that a club offers? Has the pandemic cut off some of your social opportunities? You might want to look at a social club, aka a club where you pay a monthly fee to use its facilities, which often include co-working spaces, gyms, bars, and even pools. Many clubs offer discounts for under-25s or under-30s (which increase when you reach that age), in the idea that they will be pro-rated towards your earnings. Keep an eye on the ones just opening in your town (this is especially true for those in larger cities), as founding members often get a discount, meaning you pay less if you’re one of the first to join. This also applies to members-only workspace clubs.

If that doesn’t fit your budget at all, look at your job perks – does your company reimburse you for co-working spaces (and can you convince them that this membership is primarily for work)? Does your company pay for wellness activities or your gym? You could have your membership (or part of it) paid for this way. If you’re self-employed, speak to a financial professional to see if you can recover most, if not all, of your amortized charges at tax time. Some social clubs and workspaces to check out: Soho House, The Ned, NeueHouse, Heimat, The Wing, CORE, and Spring Place.

Use rewards programs

If you have a Capital One account (any account or credit card will do), you can get half off any drink at a Capital One coffee shop. Starbucks has a pretty good rewards program, as do most popular chains. If you use your own mug or travel mug, you can often get discounts, if not free regular coffee.


Earn points for rent

BILT is the first credit card with which you can pay your rent free of charge. Here’s how it works: They work with certain properties that make paying with a BILT card a breeze. Unless you rent from one of these providers and pay your rent through an online portal (it adds a percentage as a credit card processing fee), BILT works like a bank account (ie you have a sort code and account number). insert instead. And if you pay by check, BILT mails the check on your behalf (either to you or to your landlord) each month.

It works exactly how a credit card should – you earn points for what you pay for your rent and when you use it for other credit card purchases. You can then not only use the points for rewards at their partners (American Airlines, United, Virgin, Emirates, Hyatt, IHG and also fitness partners like Rumble, SoulCycle, Y7 Studio etc.), but you can also use your points to pay for Your future rent or even for a deposit at participating properties. The best part is that you improve your credit score month after month. I’m using it for my rental and it’s changing everything – I’m currently earning points towards a big trip to Europe next year.

Buy used furniture

Save your money (and the earth) and buy used furniture. You can browse vintage stores, resale stores (like Housing Works), thrift stores, Facebook Marketplace, and more for truly stunning items at massive discounts. You can also buy used stuff from rental services like Feather and Fernish, often with very little use.

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