Bag Breaking

I'm frugral- most of the time, for the most part (wink wink)
I have all these little rules about just how much I can spend on certain things. 
Hey its a tough economy out there and we have to make things work.
One of my personal things is- I never spend that much on bags. Shocker right?
I know a lot of ladies spend loads on their bags, I just don't or haven't.
The most I have EVER EVER spent on a bag was a little over $100.
So now, can someone please tell me how long I have to wait for this to drop from $348 to around $100? 

This would be so perfect for work. It would fit all my junk.
Too bad I'm not allowed to break my rules.
Yup, it might be a while.
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