In Singapore it's almost commonplace to see people toting their Chanel bag or other fancy designer bags wherever they may be, whether on the crowded MRT during peak hours or in a fancy schmancy romantic restaurant with their significant others. I am only 24 years old but I know peers my age who splurge on designer bags fresh out of university when our financial standing isn't even that great; one person I know even brought her massive trophy to a tutorial class when we were still in school, just because!

If you're toying with the idea of owning your first ever Chanel bag (Chanel 2.55 is probably the only one I like and it costs around $7,000) or any other bags that take to your fancy as you obviously have a world of options out there, we at strongly suggest that you think things through and consider these 5 things before making the splurge!

5 Things To Consider Before Splurging On A Designer Bag

1. Can You Afford It?

Really, be honest with yourself. Can you truly afford a designer bag without borrowing on credit and still make the extravagant purchase comfortably? When I say comfortable I'm referring to living your life normally without scrimping and/or compromising your lifestyle for the next 2 years or so?

I don't know about you, but I know I wouldn't have the audacity to even think about getting a designer bag unless I was absolutely in love with the bag and I had the means to purchase it without resorting to credit. Simply put, I must be willing and truly able to pay for the bag without getting myself in debt. It's another story if I have the means to pay back the amount due on my credit card.

Call me old-fashioned or whatever you want, but I don't believe in borrowing just to buy a fancy bag because a designer bag is more of a want than a need.

2. Why Are You Buying The Bag?

This question is important, not lame, okay? Ask yourself why you are buying the bag.

If you're getting the bag just because your best friends have it, your colleagues flaunt theirs in your face every single day at the office, or the unassuming aunties who you see on the MRT every morning seem like they're mocking you, however unintentional it may be, I seriously think you should rethink your decision.

If you don't love the bag that much to start with, what's the point of spending an arm or a leg on it just because others have it? Peer pressure sucks but you have to get yourself together and take charge of your own life.

Of course, if you have a ton of spare cash lying around, then go ahead and splurge on one or even ten bags if doing that makes you happy. But if you're not that wealthy, then you'd be better off being sensible with the choices you make.

Also, should you already be sure of getting a designer bag, remember to ask yourself if you would be using it frequently or just occasionally when you attend your distant relatives' weddings or other important events and see if the splurge is worth your hard-earned money.

3. Do You Want It To Be Timeless?

If your answer is a resounding yes, then you should consider designs that are classic rather than seasonal. Classic pieces are classic for a reason - they withstand the test of time and most likely retain their value.

If you don't already know, fashion trends come and go rapidly. And if you want a bag that is the most versatile that it can be, pick one in neutral colours however boring you may think it is. Neutral coloured bags are easier to match than those in funky colours like fuchsia or neon lime green.

4. Are You Only Looking At Brand New Bags?

Personally, it's nice to have all things spanking new but if you're open to second-hand designer bags, you could possibly shell out a little less money for your potential arm candy.

Of course, make sure that the second-hand bag that you're buying is authentic - ask for the bag owner's receipt and authenticity card!

5. Do You See Yourself Reselling The Bag In Future?

Many say a designer bag is an investment, but these are probably spouted by the sales people themselves.

So, if you are quite sure that you will be selling your first designer bag away in future and disregarding your fashion-girl milestone in life altogether, then you'd be better off buying something that is limited edition, rather than a run-of-the-mill item, which is all too common.