When it comes to the world of luxe buying, a handbag is one of the few things we can justify spending the cash on. And its not just all for the name and label, after all a good quality handbag will last you infinitely longer than any little black dress or pair of red shoes.

This is why the William Phillips Leather Fringed Handbag is such a great investment, a lot less luxe than the Miu Miu’s or Prada’s of the world but just as well made and practical. And the tassels? If push comes to shove and you hate them next season you can always get them snipped off!

On the more affordable end of the scale, the Boston and Baily Oversized Handbag from Farmers is not only a great buy, but a personal favourite of mine. The bag is an exaggerated version of the purse bags from the 40s, and manages to be big enough to fit your life into but delicate looking too!

1: William Phillips Leather Fringed Cowboy Handbag $579.00 from Mycatwallk

2: Metallic Tote Pewter $179.00 from Neelear Nomad

3: Muppet Bubble Bag AUS$189.95 from Witchery

4: Nica Bettie Tote $139.00 from Strandbags

5: Gucci Indy Handbag $180.00 a Week from Loan me or Own me

6: Olga Berg Slouch Bag $169.00 from Neelear Nomad

7: Twin Pocket Bag AUS$499.00 from Mimco

8: Black Becah Tote $279.00 from Country Road

9: Ring Pouch Bag $19.99 from Glassons

10: Boston and Bailey Oversized Handbag $59.99 from Farmers

Here’s your chance to win the must have accessory of every fashionista - your very own, authentic Luxe handbag from none other than Prada care of Max Factor.  Max Factor synonymous with beauty, glamour and fashion around the world is giving you the chance to win a Prada prize pack containing Prada goodies, and beautiful Max Factor makeup. To find out more and how to win click here.