Lets be honest here — an effective anti-aging plan is not cheap: Retin A is $300/tube. Laser hair removal a painful $800. Laser removal of freckles –$325. Still to come will be a bit of Botox ( $300) and fillers for my lines ( $800). Rather than dip into my savings to pay for these items, I decided to create a personal beauty bank. Here’s how it works.
I looked over my usual expenses to see where I could cut back and save the money for my anti-aging plan and this is what I found–
* one less dinner out each month@$100/dinner= $1200/year
* 3 less lattes/week @ $5/lattes= $780/year
* 2 less taxis/week@$10/taxi= $1040/year
* Bring lunch from home 2X/week@ $10/lunch=$1040/year
Add it all up and I can potentially save just over $4000/year!!. Following my new budget guidelines, in less than nine months I was able to save about $2700, more than enough for all my beauty goals. Funny thing about saving this money, once I achieved my financial goals, I had no desire to go back to my former spending habits. I love the idea of a personal beauty bank and will continue to add to it.