GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Young family preparing for Christmas holiday.

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you might read more about oureditorial guidelinesand our products and servicesreview methodology.

But it doesnt have to drain yourbank account.

facebook sharing button

you’re able to still get the benefits of shopping like the wealthy without incurring debt.

Below, experts share their top strategies forshopping like the rich on an average income.

Andrew Lokenauth, money expert and owner ofFluent in Finance, agreed that timing is everything.

twitter sharing button

Shop end-of-season sales for next year.

Those fancy Christmas decorations?

Theyre like 75% off on Dec. 26!

linkedin sharing button

He also recommended using price tracking tools, likeCamelCamelCamelfor Amazon.

you’re free to see when prices drop on high-end items.

These arent your typical outlet stores, he explained.

email sharing button

Theyre invitation-only shopping destinations with 60%-80% below retail prices.

He advises clients to sign up for email lists and download apps from their favorite luxury brands.

He teaches clients to combine store cards with cash-back cards duringmajor sales events.

Plus, youre building points for future shopping.

Just ensure you dont put more on credit than you could pay off before the interest starts building up.

For this, he again said to time your shopping strategically.

Seek Out Designer Alternatives

Lokenauth recommended finding dupes, or look-alikes of expensive items.

You know those $500 designer boots?

Utilize Online Shopping Tricks

Experts also advise comparing prices using apps and web client extensions.

HoneyandCapital One Shoppingcan find better prices and coupons automatically, said Lokenauth.

Its like having a personal bargain hunter!

He also suggested signing up for luxury store email lists.

Theyll send you special discounts and early sale notifications.

Just try not to get tempted by every email!

More From GOBankingRates

Share This Article:

The Latest inSaving Money