Wayfair’s Velvet Sleeper Sofa on Sale for $300 Looks Just Like a $3,000 One

Furniture "dupes" can allow shoppers to get the hottest new furniture styles for a fraction of the price, and Wayfair's Labor Day sale has steep discounts on copycat furniture that you'll love for your home.

Wayfair has a luxurious velvet sofa that rivals a much more expensive one for so much cheaper — so you'll save money shopping and still get the superior product. See the other furniture on sale at Wayfair with the best deals.

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1. Joybird Aimee Sleeper Sofa

Courtesy of Joybird

Price: $3,601

This sofa sure is beautiful, but it'll cost you a pretty penny. For more than $3,000 you're better off heading to Wayfair where you'll get one that looks just as nice for so much less.

2. Wayfair Perdue 81.5-inch Velvet Square Arm Convertible Sofa

Courtesy of Wayfair

Price: $312.99

This sleeper bed is a near-product dupe for the much more expensive Aime Sleeper Sofa from Joybird, and it has an even better design. Rather than pulling a mattress out of a couch like a magician, this design features a back that folds down to create a flat surface. You'll also pay over $3,200 less for this one.

3. Wayfair Abdon Standard Bed

Courtesy of Wayfair

Price: $269.99

This rustic meets industrial bed frame is discounted by 72%. Its aesthetic can go with modern decor or rustic country styling. The frame is made of metal with engineered MDF wood that is warp-resistant.

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4. Wayfair Ailynn 2-Drawer, 2-Door Accent Cabinet

Courtesy of Wayfair

Price: $179.99

Save 74% on this demure accent cabinet that is perfect for stashing household clutter out of sight. The classic design fits any room, and the manufactured wood makes it water-resistant enough to even withstand use in a kitchen or bathroom.

5. Wayfair Arlene 3-Drawer End Table

Courtesy of Wayfair

Price: $253.99

If you're over the minimalism trend, you'll love this end table packed with smart storage solutions. It sits on a rotating base so that each of the four sides can be accessed and has a different storage style. This is great for crafters or people who like to do a multitude of things while watching TV.

Bottom line

Wayfair's Labor Day sale offers incredible discounts, up to 70% off, bringing big-ticket items down into the easily affordable price bracket. Saving up for new furniture can feel impossible for those living paycheck to paycheck, but shopping holiday sales and incorporating new methods of lowering financial stress can help anybody find ways to spruce up their home.

Money tips that can work for everyone

No matter what your bank account balance is, there's always an opportunity to optimize and improve your finances. Here's a quick checklist of things you can look at today.

Focus on paying off your debt . Debt can hold you back from making progress with your overall financial well-being. Aside from cutting expenses, there are tools that can help you pay off debt faster like balance transfer credit cards and debt counseling.

Earning extra income can give you breathing room. If finances are tight, earning some extra money to supplement your income can make a huge difference. A new job is one option to consider, but if you're not ready to make a big change or already retired, a part-time side job could be a better choice.

Cut your expenses. It sounds painful and so not fun, but it doesn't have to be. Take a look at your biggest expenses because that's where you'll probably find the biggest savings. For example, auto insurance rates have been soaring so shopping around for a new insurance company can be the fastest way to cut your bill. Also, look for ways to cut your grocery bill (despite rising inflation).