You can save for more expensive items while still equipping your character

GOLD SAVERS: This brief section of the guide is designed to help you stretch your Fallen Earth gold as far as it can go. By being careful with your money, you can save for more expensive items while still equipping your character adequately for the tasks at hand.

Knowing When to Upgrade: One of the easiest ways to make your gold go as far as it can is to know when to upgrade your equipment. Small upgrades, especially in terms of armor, are usually far more expensive than they are worth.

Prophecies: Don’t stress too much over getting all of the armor you can from the Collectors in pre-Searing. It’s a nice bonus, but the meager armor boost won’t help that much and may be a waste of time if you have to go out of your way to collect the items.

When you get to post-Searing Ascalon City, there will be two armor crafters in the area. Only buy from Corwen, who sells the stronger and more expensive armor of the two.

Don’t bother buying any more armor until you reach Bergen Hot Springs (in Kryta), and even then, there’s no need to upgrade unless you’re having problems surviving.