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I am so glad my daughter is not super into material things overall. She wanted a leather jacket this Christmas. A decent one costs over $200, but she's had a really hard year, so we thought we'd spend that much even though we really shouldn't. Because the weather has been getting colder and she doesn't have a jacket that fits, we decided to get it for her early, which she was fine with.
We left the mall with her absolutely over the moon about her faux-leather jacket we got for $30 because it was on sale. And she was happy it cost us less money.
We really thought we were going to end up spending a little beyond our means.
My very first big purchase as an "adult" was a nice real leather jacket which I too got on sale. I still have it well over two decades later. I would say though I got an LL Bean coat for an Xmas gift one year and it is by far my favorite coat ever. It's rated for -40 degree weather and built to last. I would have never spent the money on such a thing for myself but having it makes a world of difference to me (I'm very cold sensitive). I will most definitely shell out the money for a replacement when the time comes.
I used to have a leather trench coat. I loved that thing. I wish I knew what happened to it. This was like 30 years ago, so who knows? But my daughter is very punk rock, so she needed the right kind of jacket for that.