Cheap designer shoes are often considered luxury goods, but a new study suggests that they can have a significant impact on your financial security.
The research by financial advisory firm Credit Suisse examined over 3,500 American consumers, asking them to rank the five most popular designer shoes and assess their value as well as the financial benefits they offered.
According to the Credit Suise study, the most popular luxury goods are a pair of black leather boots with a $200 price tag, and a pair that costs $500.
They are considered high-end, because they cost more than other shoes.
The study found that if a designer shoe costs $250, the consumers will be saving $200 every month.
However, if the designer shoes cost $200, the consumer will save $300 a month.
For example, if a pair costs $50, the user would be saving an additional $250 a month compared to the $250 saved by buying a pair with a price tag of $250.
For more on the research, read Credit Suises study.
Credit Suisse says that if you want a pair priced at $500, a pair costing $200 or a pair at $250 would save you $400 a month, and the other two could save you an additional amount.
However, if you are a designer or a shoe shopper, a $500 pair would be worth every penny, according to the study.
It seems like the best way to save money is to spend your money on good quality designer shoes that you truly enjoy.
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