7 Ways To Manage Money Like a Luxury Minimalist| Less is more, stop buying luxury shopping antihaul

Hi guys, I'm Eileen. This video talks about money. If you enjoy luxury shopping, you must have watched a lot of expensive unboxing and designer shopping hauls. At times, such content might make you feel like you need to follow suit. Well, you really don't have to, especially if it requires you to get into debt. In this video, I discussed the luxury minimalist's ways to manage money wisely. I still enjoy my Hermes Birkin 25, in fact I absolutely adore it. So I'm not suggesting to stop shopping altogether. However, shopping with a bit of intentionality can really work in your favour. I still enjoy luxury pieces, but I have a small luxury collection, a curated wardrobe, and there also are several items I only have one of. The truth is, I feel so much happier now compared to when my collection was much bigger. So I can certainly attest that less is more for shopping. If you think you might have a shopping addiction problem, this channel is the place where we encourage each other to spend and live intentionally. Join us 🧚‍♀️
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WHAT I WORE IN VIDEO
Light pink sweater
(very similar bit.ly/38QcBzY)
Under layer bit.ly/2HaUYyO
Watch bit.ly/2pUxlTy
(similar bit.ly/30rOKUb)
Necklace bit.ly/3gUcExh
(wish list bit.ly/33wOELL)
Earrings bit.ly/2Uw155D
(love these! bit.ly/2AgtpCq)
(wish list - so so sparkly! bit.ly/3izZd5g)
SHOP SMARTER
I always make my online purchases through Quidco cash back website. It's absolutely free to sign up and it's save me over £2k in 10 years. tidd.ly/61872cf8
If you are based in US, Ebates is maybe a better option bit.ly/2Lckov3
I do a lot more review on other luxury items on my blog, so make sure to drop by
colourfulnoir.com
READ QUICKER
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Instagram: colourful_noir
MUSIC: Bensound
Disclaimer: This video is not sponsored. Some of the links included in my videos are affiliate links. Purchasing an item(s) via the affiliate link doesn’t affect the price you pay. Instead I MAY receive a small % commission for sharing these items with you. I do take the time to choose my affiliate links so thank you in advance for trusting me and using these links as it helps support my channel.
#minimalism #antihaul #luxuryshopping
Thank you for watching this video about the luxury minimalist's ways to manage money wisely. You really do not need a massive collection of luxury bags, fine jewelry and expensive shoes to be happy. A carefully curated wardrobe can serve you well without taking over your life. Never feel you have to get into debt for shopping, it's not worth the money, effort or time xx

[@fionafong4470]

-Personal Notes & Bookmarks- 0:55 Pay yourself first 2:43 Save up an emergency fund 3:51 Priority paying off debts 5:03 Make good use of credit cards 6:33 Don't misuse credit cards 7:04 Declutter and sell 8:20 Invest your money 9:33 Budgeting Thank you Eileen for your helpful tips 💛✨☀️

[@reverie8552]

Up

[@pmjtube]

In the world of luxury content full of hauls and unboxing, your channel feels like a breath of fresh air that reminds the internet that these products are called luxury for a reason, and such discretionary spending needs to be approached intentionally. Thank you!

[@ColourfulNoir]

I'm so happy you liked my content, thank you! xx

[@lifewithyesi1828]

I love this video. A lot of KZbinrs make videos about luxury shopping, but do not take the time to educated their audience on money. My husband & I payed off all our debt and thats when I started luxury shopping. I do not have an extensive collection as I am also taking a minimalist approach, but I love the items I have. If you are just starting your collection, don't be afraid to search the preloved market :)

[@ColourfulNoir]

Thank you for the tips! Congratulations of setting your priorities right! It really gives you so many options in life xx

[@princeeverlove]

"Money is not everything..but a Resource we need"~Eileen Words of Wisdom👸🏻👑

[@ColourfulNoir]

Aww thank you so much! xx

[@princeeverlove]

@@ColourfulNoir 👨🏻🙏🏻Sis Eileen an Honor..

[@DaniOchannel]

There's no luxury item that is worth your future. Xx

[@ColourfulNoir]

Great minds think alike xx

[@MarMarSnatched]

i totally agree with decluttering and selling. let go of things we don't need and put the money to our wish list

[@ColourfulNoir]

Definitely! xx

[@jenicena1490]

Yes I totally agree. Before I had so many luxury designer bags that I dont use. By selling them I was able to buy my dream bag... now I only got 3 designer bags which I enjoy 🥰 love all your vids eireen

[@MarMarSnatched]

@@jenicena1490 to be honest 2 lvs and 2 chanels is enough for me

[@xmochix604]

You should do more finance videos! 💖😄

[@ColourfulNoir]

Definitely!! xx

[@cutieprincess431]

Nearly bought a prada purse just now because it was on sale... wasn’t perfect or planned. Ahhh came here ASAP to get some sense talked into me 🤦🏻‍♀️

[@ColourfulNoir]

Glad I saved you some money 🧚‍♀️

[@nmernst]

Great video. I have a "Play Account" and that is what I use to buy things I want/don't need. Really useful for budgeting. A great book I read is Think and Grow Rich. This just leads to the mindset of how to make money mindfully and learn how to enjoy the prospect of securing your future and enjoying the present. Thanks for sharing and best wishes.

[@knowingluxe]

This is a great comment. Love that book.

[@ColourfulNoir]

Thanks for sharing! It's really a wonderful book, I actually read it twice last year, really opened up my eyes! xx

[@annie22krm]

"wanting to have less and being grateful for it" I struggle in this department. But your knowledge give me so much inspiration.

[@ColourfulNoir]

Sending you lots of positive energy! xx

[@sherlockhooked1175]

This is an important conversation. It’s really smart of you to speak of investing rather than consumption. Thanks Eileen.

[@ColourfulNoir]

Glad you enjoyed it xx

[@hellocatwalkcity]

I’m so happy to see you talking about this Eileen! I’ve been quite vocal and passionate about this topic myself and 💯 agree with your points. As for budgeting, I always say, if you save before spending, a budget becomes unnecessary, as you learn to live well below your means. xx

[@ColourfulNoir]

Thanks for sharing!! Great minds think alike xx

[@MD-qz2jq]

I really think that we should talk more about money. Nowadays we're so influenced by social media to buy but it's so important to have a ground knowledge about money, how to spend it smartly and how to invest it. I grew up with the mentality that if I can not afford something, I won´t buy it till I can (maybe never). I love these videos as much I enjoy luxury shopping because I think that you don´t need to buy a luxury bag every month or every year if that means contracting a debt.

[@ColourfulNoir]

I think that's really the key for healthy luxury shopping-- only buy it when you can actually afford it, not putting everything we like on credit cards xx

[@reverie8552]

0:55 Pay yourself first 2:43 Save up an emergency fund 3:52 Prioritise paying off debts 5:03 Make good use of credit cards 6:33 Don't misuse credit cards 7:04 Declutter and sell 8:20 Invest your money 9:32 Budgeting Personal notes and bookmarks 🐝✨

[@bellewong4127]

Thanks a lot for these tips. We do need these reminders from time to time especially we have so many unboxing videos about beautiful luxury items on KZbin channels which are always temptations for us. After all, luxury items are not necessary to our daily lives as we can live without them. Prioritizing our lives in a responsible manner is the utmost important.

[@ColourfulNoir]

So true! I personally find it more enjoyable to do luxury shopping when I know my priorities have been taken care of xx

[@perthfanny3017]

Hi Eileen! Would you consider doing a video on the cost per wear? Another other comparing the Birkin and Kelly would be really appreciated too (what to consider when buying one, features, the type of person each bag suits,...). That would be awesome^^ thank you!

[@ColourfulNoir]

Great idea! I will look into it for sure xx

[@vrob2918]

Thanks for this video! When I'm out shopping, sometimes I feel bad I dont have the endless funds others do. But there is real merit to accepting and cherishing the lot in life we do have. Rich or middle class, I hate to see my things sit on a shelf unloved/unused. Thank you for continuing to make such great content!

[@ColourfulNoir]

I'm so happy you liked my video xx

[@knowingluxe]

Glad you’re talking about this!

[@ColourfulNoir]

Glad you enjoyed it xx

[@dapperlygrungy3189]

Hi Eye Lean... I wish my moocher brother can listen to you. He is 56 years old and spent all his money on cars. He loves muscle cars and trades in his car every 1-2 years. Now, he's broke and has no retirement or emergency fund. He received an inheritance of $900,000 and spent all on cars and expensive sushi. He spent all his money and now his girlfriend left him because he's brokedown. I can't stand him. He's such a looser.

[@ColourfulNoir]

I'm so sorry to hear that, I hope your brother will find a better financial ground soon xx

[@Lifeisbeautiful-ri2tb]

Very helpful video and great 👍 topic! This was a good reminder that we are not obligated to buy even if we get contacted by an SA with new items. SAs are there to sell and they are not our friends. I have distanced myself from browsing in stores this year and it has gotten easier over time. It was so hard in the beginning. I still get tempted to treat myself after a bad day at work but I have held back. I am now saving for a Palm Springs mini which has been on my wishlist for years and I will probably go preloved. The new By the Pool collection is beautiful but I am going to use the money towarads a road trip instead and self care. You look so elegant today. 💜

[@ColourfulNoir]

Thank you so much for sharing! I too value experiences a lot more now than physical things xx

[@zedrickapolloshorts6515]

I don't use credit cards. And I can control myself by overspending!🤣 Decluttering save me more space and money. I don't spend to buy my luxury item with debts coz It gives me more stress!🤣 Being mindful of getting luxury items is much happier and at peace!!!😅 Thanks Eileen for another way to impart information on financial obligations!!!🥰

[@ColourfulNoir]

Thank you for sharing, Janice. Nice to see you here xx

[@ceecee7879]

Truer words....”it will start controlling you” You must make your money work for you, but also prioritize your luxury spending i.e. vacations, accessories, vehicles. Hope your new work journey is treating you well Eileen ❤️

[@ColourfulNoir]

Aww thank you! I'm still settling in but it's a much nicer setting for me xx

[@krushr17]

Hi Eileen, love watching your videos. I have become more happy with quality over quantity. I am in the process of paying off debt and saving for a trip. I have one Hermès bag, the Picotin that I got recently for a very special birthday. Can you do a video about how to save for a Birken or Kelly?

[@ColourfulNoir]

I pretty much save the same way for every big purchase, pay myself first, invest, pay the bills, and the leftover is my shopping money. Depending on the price tag, certainly items do take a bit longer to save for but I try my best not to change my financial structure xx

[@zylbygdfn6542]

Thank you Eileen for the wonderful advices. I'm over 55 and having been working hard and saving all my life so I feel if I don't spend a bit on myself now, then when. I got friends dying left and right and sadly it helps me feel a bit justified spending money on luxury items I don't really need. I'm watching your channel in the hope of it helping to curb my spending bcuz I do feel bad dropping thousands on a bag.

[@cheremushki]

I think balance of responsibility and fun is the key. Enjoy! 😊

[@sacredsaschavlogs]

I was about to buy something but then again i have doubts.. i always leaning towards saving rather than spending... some of the luxury hauls is so enticing... its good someone is teaching us to save up..

[@ColourfulNoir]

Glad you liked my video xx

[@LinhHueTran]

I clicked so fast!!! I LOVE money.

[@ColourfulNoir]

Hahaha thank you! xx

[@Silkelovesit]

Hi Eileen, Thank you for this video and great advice! I would definitely start with a budget to see where all the money goes. A budget is an eye opener 😊

[@ColourfulNoir]

Glad it was helpful! xx

[@mavisokohagyemang2904]

This is so refreshing! God bless you for the wisdom.

[@ColourfulNoir]

Glad you enjoyed it! xx

[@tanechkaamericanochka4839]

That is so true!Thank you very much for sharing!You look gorgeous and naturally beautiful in this outfit ♥️👩‍🦰♥️

[@ColourfulNoir]

Thank you so much 🤗

[@Sweets0727]

Hi Eileen, just wanted to say I agree with all your points in being mindful of the way we spent money. I do believe that being a Luxury minimalist is the way to go. ✨✨

[@ColourfulNoir]

Well said! Less is more xx

[@premeyumlife443]

Great advice to pay urself first my lady. 👍🏼🙏🏼❤️😘😘😘Sandy

[@SukayahRamli]

So true, practical advice. Often see few friends get carried away.

[@ColourfulNoir]

Thank you! xx

[@cathylam344]

Thank you for your advices 😊

[@ColourfulNoir]

Thank you! xx

[@NayaNnadozie]

Financial literacy is so important 💕 From a big fan 🙈

[@ColourfulNoir]

You're so so right! I wish they taught financial literacy in schools xx

[@theaansel8738]

"Not one investment in the world guarantee's you a return of 18%". Eileen, this is one of the best and most sobering financial statements I have heard in a very long time. This is so helpful for ROI perspective. Thank you, and keep up the good work in your calming manner.

[@ColourfulNoir]

Thank you so much xx

[@pmmers]

Why not do both investing and paying off mortgage?

[@athenaabarnes]

Thanks for creating this video! It is a topic that seems to be missed by many luxury channels, but an important one.

[@ColourfulNoir]

Glad it was helpful! xx

[@sipoli100]

I am debt free- never ever credit- it is evil Of this world- Iseen som many families loose their home and still pay credit in the last 2010 financial crises- I seen so much people lives destroyed of bank credits/ for appartments houses- no house/ no appartment taken by bank and still credit debt to pay to bank for half of life

[@ColourfulNoir]

That's really heartbreaking to hear :-(

[@polyannamoonbeam]

Very nice advice. I sent my son a link to an earlier one - I was so surprised when he told me it helped him :) He paid off a big debt in one month - it had dragged on and on , but now it’s done:) We had a re cap about the importance of personal credit scores and finance. It’s difficult for some young people when the job situation has been so precarious in recent years. They don’t have enough experiences of recessions or they don’t have enough experience managing a regular reliable salary.

[@ColourfulNoir]

Many congratulations to him! You must be so proud of him xx

[@nae4830]

How do you determine your spend budget?

[@melangebeaute4416]

Love this Video so much.. thank you. Could you tell us more about EFT´s and so on? I don't know how to start.

[@ColourfulNoir]

Hi Melanie, I have a list of recommended books if you're interested, they've changed my life! Hope they will help you too xx THE BOGLEHEADS' 3-FUND PORTFOLIO amzn.to/3f9okO4 SIMPLE PATH TO WEALTH amzn.to/3chuslL I WILL TEACH YOU TO BE RICH amzn.to/3tLSVFC MONEY MASTER THE GAME amzn.to/3roEWUN MILLIONAIRE TEACHER amzn.to/3siTSot

[@nae4830]

I’d rather be debt free. How about you?

[@ajohonly3721]

Budgeting has definitely changed my life only in less than two years imagine five years to come I’m so excited for the future. And financial freedom Great tips thanks 🙏

[@ColourfulNoir]

Love that! xx

[@ve5394]

Nice sharing

[@ColourfulNoir]

Thank you! xx

[@nellymatthew]

I like your video, you have mentioned many good ways to manage money, thanks. 🇨🇦

[@ColourfulNoir]

Glad it was helpful! xx

[@curvygirlzrock8836]

This video was lovely.... Thank you.... Ana Sophia

[@ColourfulNoir]

Glad you liked it! xx

[@evielambert1425]

Fresh wind of financial wisdom! Thank you for sharing

[@ColourfulNoir]

Glad you enjoyed it! xx

[@cheremushki]

My tips: 1. Just like how you shouldn't rush into purchasing luxury bags, don't rush into investments. Do your research and really understand your tolerance in market volatility(especially now) and time frame. If you plan to retire in a year or two especially. 2. I like keeping group photo of my collection on my phone. So when I want to do impulse shopping(work stress or boredom), it's good way to be mindful of what your ideal style is and what you already have. On other note, I can relate to you Eileen. Whenever I want to buy something, I calculate in how much stock shares that 1 purchase is equivalent to and the projected growth. 🤣🤣🤣🤣🤣

[@shanajohns2379]

I want to be debt free.

[@mariesanchez]

Thanks for inspiring me to calm down on shopping 😂

[@ColourfulNoir]

Any time! xx

[@cpebble3874]

That top really suits you!

[@ColourfulNoir]

Thank you! xx

[@moondoggiesbaby]

Such good points, I always enjoy your videos!

[@mollyp7559]

This is lovely. So many great reminders and a totally refreshing point of view in this consumer driven society we all live in. 🖤

[@opalbeach9626]

Great context, thanks for sharing.

[@ColourfulNoir]

Glad it was helpful! xx

[@lauraespinosamendez34]

This video has really good advice, it's so clear and straight forward. I love it

[@astarisborn9820]

💯!

[@nae4830]

Love these kind of videos!!

[@ColourfulNoir]

Glad you like them! xx

[@asmahk76]

Very helpful! 🙏🏽

[@ColourfulNoir]

Glad it was helpful! Thank you xx

[@miel4861]

I love your videos. Just like you said, I think that we need to take care of our more important responsibilities first before indulging. This can be very hard if you always wanted something, and finally you have the money for it, but you have debt too. I remember something Dr Phil said a few years ago to a guy who buys expensive things but is in debt and not doing well financially, “Don’t finance toys”. That is why I only buy expensive things if I can pay them off NOW. This means I save and plan, which also means I don’t have a huge collection. Another thing I started doing is really thinking how I’m gonna use my items, and how they fit into my lifestyle. I used to buy things thinking I can use them, only to regret a few months later. I have fewer items now, but I’m much happier.

[@ColourfulNoir]

Congratulations for embracing a healthy money mindset! It's really empowering when we take control of our money xx

[@hannahho3186]

My new self-indulgent luxury love is my investment account and shop mindfully from dividends. The wait is longer but its fruits sweeter. Thank you for advocating, Eileen! Xx

[@ColourfulNoir]

Thanks for sharing!! Investments always come first xx

[@drcandybonsu995]

Dead on... thanks

[@ColourfulNoir]

Thank you! xx