Jane on a Budget at 142 Main Street is an upscale consignment shop for woman and teens.

Owner Jane Nabokin, North Reading explained why she opened her store, saying,  " I am a lover of high end clothing, and I wanted to make it available at a very discounted price."

Nabokin, who holds an MBA from Worcester Polytechnic Institute has owned the store for the past 15 months, along with her husband Bob Rossignol whom she describes as her advisor and silent partner.

Jane on a Budget carries high end and designer women's shoes, clothing, handbags and jewelry with brand names such as Ann Taylor, Express, North Face, Inc., Hollister, Abercrombie, JCrew, Lily Pulitzer, Coach, Michael Kors, Tahari and others. The most expensive brand  she said she carries is  probably Louis Vuitton.

According to Nabokin, customers can usually get quality merchandise for 65%-75% off retail prices. Her customers who span three generations; teens, mothers and grandmothers, are mostly from North Andover and Andover.

Consignment is by appointment only, and Nabokin accepts clothes that are gently worn and not older than 3-5 years. "I determine the price by brand and condition," she explained.  Sometimes, she will get items that were never used and still have the original tags.

All consigners sign a contract outlining pricing and policies.

For most items, Nabokin said she limits the shelf life 60 days, but boasts that most items sell within two weeks. When an item does not sell so quickly, she gives discounts of 25% after 60 days and on the rare occasion, 50% off after 150 days. "That's like getting the clothing for free," she explained.

Acknowledging the surge of consignment stores in the area, Nabokin said her  store differs in that it carries only upscale women's clothing.

Nabokin explained that the store is, "growing in a good direction, and as for the future, she said, "I am always looking for new consignments for teenagers and working women."

"I love what I do, it is not work. It's like hanging out with your friends and then come home, she said, emphasizing, "It is a place to have fun."

She especially enjoys it when women come in her store and wear the clothing they buy right off the rack, "often looking better than when they came in."

Nabokin who works the store by herself, admitted, "It is sometimes hard being a one women show." But she is able to find time to pursue other interests.  In addition to owning and managing the store, Nabokin also teaches Business at Bunker Hill Community College in Charlestown.

Nabokin believes in giving back to the community, and said she donates clothing and money to the American Cancer Society and the MSPCA in Methuen.

 Jane on the Budget advertises in local newspapers, with coupons in Spectrum and and on their website.

"High fashion all day long, what else can be better than that," she said.

Jane on a Budget is open six days a week, Monday through Friday, 10 a.m. to 6:00 pm. and Saturday, 10 am to 5 p.m.  The website is www.janeonabudgetstore.com and the phone number is 978-208-4769.