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6 Ways To Save Money On Makeup Products

6 Ways To Save Money On Makeup Products

With all of life’s expenses, it can be hard to justify pricey beauty products, costly haircuts and frequent manicures. Luckily, you don’t need to spend a lot to feel like a million dollars. Here are some easy tricks to saving money on beauty supplies, while still maintaining the quality that comes with high-end products. Best of all, some of these beauty hacks are products that may already be in your medicine cabinet.

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    1. Invest in daily inexpensive staples that can be used for multiple purposes.

    There are many products that you might already have in your bathroom, that can be used for different types of beauty upkeep. Petroleum jelly (vaseline) works as an effective lip gloss, foot moisturizer and make-up remover all-in-one. Your regular hair conditioner can also be used as shaving creme and Johnson’s No More Tears Baby Shampoo can be an inexpensive way to clean your make-up brushes. Baby powder can be substituted for dry shampoo, getting rid of any excess oil in your hair. Make sure to shake out the brush first to get rid of any extra powder.

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      Photo via Pixabay

      2. Don’t overlook generic drugstore brands

      It may be tempting to buy the latest beauty product based on its brand name, but overlooking its drugstore counterpart is ignoring potential savings. Dr. Neal Schultz, founder of DermTV and a cosmetic dermatologist did a test at his local drug store that proved the house brand was almost identical in ingredients to its brand name twin and was up to $5 cheaper.

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        3. Show loyalty to specific brands

        Both drugstores and well-known beauty stores have membership options where you are rewarded with points every time that you spend. One popular example is Sephora’s Beauty Insider, a free reward program that gives you a point for each dollar that you spend at their store. Once you acquire 100 points you are gifted with a free sample. Sally Beauty Club Card has a $5 membership charge per year, but this cost is made up in the savings and coupons that you receive on every product that you buy from this company. Are you a frequent hair color fan? L’Oreal Gold Rewards gives you a free hair color product after your fifth purchase.

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          Photo via Pixabay

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          4. Lock-in your fresh mani and pedi

          A day at the nail spa is an instant mood booster, but only seems to last a few days until the inevitable chipping and peeling begins. For tried and true staying power Jane Park, owner of Julep Nail Parlors in Seattle, swears by locking in the color by painting the tip of the nail with a topcoat. The free edge is where the damage usually starts from and it also gives your nails a polished finish.

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            Photo via Pixabay

            5. Look for the deals on the ground

            Major makeup retailers like Sephora put their most expensive products at eye level, because this is where customers are bound to direct their gaze. The cheaper versions are located below their more costly counterparts, so make sure to look around for products that are equal in quality but won’t hurt your wallet.

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              6. Buy in bulk

              Purchasing beauty products at wholesale retailers like Costco and Sam’s Club is an easy way to save money while still getting quality brands. If the idea of having three of one item seems excessive, split the cost and products with a friend. Don’t have a friend to share the bounty? Think of buying in bulk as a beauty investment, especially a product that you use daily. It will ultimately be cheaper than having to buy it individually and will also save you the time of having to make repeat runs to your local drugstore. It’s a win-win situation.

              Featured photo credit: Pixabay via pixabay.com

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              Last Updated on July 10, 2020

              The Definitive Guide to Get out of Debt Fast (and Forever)

              The Definitive Guide to Get out of Debt Fast (and Forever)

              Debt can feel crushing, like a weight that is always weighing you down. Looking at those numbers, it can feel as if you’ll never get out from under it. However, if you really want to learn how to get out of debt, it is possible with a great deal of focus and self-control.

              Getting out of debt isn’t impossible. Like any big goal, all that it takes is an action plan to identify where you are and creating a plan to zero out your debt.

              Identifying All of Your Debts

              The first part of paying off your debt is getting a complete picture of what you owe. When you have everything written out in front of you, it makes it much easier to create an action plan. Depending on how much you owe, it might also help you realize it’s not as bad you might have originally thought.

              Here’s how you can get started identifying your debts:

              1. Own Your Debt

              Before you start identifying all of your debts, take a moment to process that you have debt but want to get out of it.

              Forgive yourself for any past mistakes, missed payments, or overspending. It might be painful to accept how much debt you have at first, but you must own it.

              2. Make a Debt Tracker

              It’s astonishing how few people ever created a tracker to understand their total debts. Most likely, it comes from not wanting to accept the guilt of having debt, but, if avoided, it can make it nearly impossible to get out of debt.

              Open up a new Google or Microsoft Excel sheet and list out all of your debts. Start with the name of the creditor, interest rates, total balance, loan term length (if any), and the minimum amount due each payment. This will include student loans, credit cards, and any other type of debt owed.

              3. Get Your Debt Number

              Once you’ve made your debt tracker and taken the other steps, identify your total payoff number. This is crucial, as you will have a starting point and a clear goal that you are trying to achieve.

              Prioritizing Your Debts

              All debt is not created equal. It’s imperative to understand that there are different types of debt.

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              1. Understand Bad and Good Debts

              Bad debts are usually paying for things you want instead of always need. While there might be some emergencies that max out your credit cards, often times it’s excessive spending[1].

              There are three main types of bad debt:

              • Credit Card Debt: The average American household owes over $16,000 in credit card debt!
              • Auto Loan Debt: According to CNBC , the average auto loan in the US is $30,032!
              • Consumer Loan Debt: Consumer loan debt isn’t as common as credit card and auto loan debt, but it’s still considered bad as interest rates are usually between 10-28%.

              Good debt is identified as investments in your future. Here are three common types of good debt:

              • Student Loan Debt
              • Mortgage Loan
              • Business Loans

              2. Decide Which Debt to Pay off First

              Once you know each type of debt and their interest rates, you can begin to pay off debt quickly.

              Focus on paying off bad debt first, regardless of if it is a credit card or auto loan. Start by paying off the loan with the highest interest rate first.

              If you have several credit cards with different interest rates, you want to focus on the one with a higher APR. You will actually save more money by eliminating the card with the highest interest rate.

              3. Don’t Pay the Minimum Amount

              Paying the minimum amount digs you into a hole as interest rates will offset your payment. Even a small amount more than the minimum can help you pay off debt much faster.

              Removing Obstacles to Pay off Debt Quickly

              Creating a debt tracker and prioritizing a plan is simple, but avoiding temptation can be difficult.

              1. Set a Reminder to Track Your Debt

              “If you can’t measure it you can’t manage it.” -Peter Drucker

              It’s so important to track your debt to ensure that you get it paid off quickly. Similar to working out and measuring your results, you need to track your debt constantly. Start with a weekly reminder, where you sign on and log your updated number. Did you increase, decrease, or stay the same?

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              Regularly tracking your student loan balance can be incredibly motivating, as well. You will get a huge confidence boost each time you see your total debt amount decreases.

              Set weekly and monthly goals so you can have short term wins and keep the momentum going.

              2. Hide Your Credit Cards

              If your biggest debt is credit cards, you need to eliminate temptation and remove them from your wallet.

              Some people have gone to extreme measures by freezing their credit cards. Why? This would create an ice block around your card, which would require you to chip away at it slowly. This will give you time to think if it’s the best idea to buy that thing you’re about to buy.

              3. Automate Everything

              Willpower can be a huge downfall to paying off your debt. By automating your bills each month, you will ensure that willpower isn’t involved.

              4. Plan Ahead

              Getting out of debt will require some sacrifices, but with enough planning, you can make it work.

              For example, if you know that you have a friend’s birthday or family dinner coming up, plan ahead for the costs. Whether you need to cut back on spending the week before, pick up a side job, or meet them after dinner, do what is needed.

              5. Live Cheaply

              The only way to get out of debt is to make some sacrifices on your spending habits. Find ways to save money each month so you can apply that amount to your outstanding debts. Here are some ways to save money each month:

              • Live with roommates
              • Cook dinners and prepare lunches for work instead of eating out
              • Cut cable and choose Netflix or Amazon Prime
              • Take public transit or bike to work

              Finding the Lowest Interest Rates

              The higher your interest rates, the harder (and longer) it will take you to pay off any debt.

              If possible, you want to find ways to lower your interest rates to help get out of debt quickly. Here’s how you can get started:

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              1. Maintain a High Credit Score

              Your credit score will have a large impact on your ability to refinance your loans and receive a lower interest rate. If you have a low credit score, it’s unlikely you will be able to refinance your loans. Use these credit tips to increase and maintain an excellent score:

              • Never miss a payment
              • Don’t exceed 30% of your credit limit
              • Don’t sign up for more than one card at once
              • Limit hard inquires, like auto-loans and new credit cards
              • Monitor frequently with free credit-tracking software

              2. Find Balance Transfer Offers

              Start by opening a free account on credit.com. Credit.com offers you the chance to open a free account and see what type of balance transfer offers you can receive. Some of your existing credit cards might already have 0% or lower APR balance transfer offers available.

              Contact each of your credit card providers to ask about lowering your rate for a one-time balance transfer offer[2].

              If you do take advantage of this option, make sure that you use a balance transfer and not a cash advance. Cash advances have a ton of high interest fees (15-25%, depending on your credit card) and will only compound your debt problem.

              How to Get Rid of Debt Forever

              Setting up a plan, removing temptations, and getting the lowest interest rates is the first step to get out of debt.

              1. Keep Monitoring and Adjusting

              Once you have a plan, don’t get comfortable. Track your debt payoff plan and make the necessary adjustments when needed.

              Monitor your credit scores with a free site like CreditKarma. The higher your credit score climbs, the more likely you will be to secure a new, lower-interest loan.

              2. Earn More Money

              There are only so many ways to save money. Instead of clipping another coupon or making sacrifices for your morning coffee, find ways to earn more money!

              Think about it…it is much easier to find ways to earn an extra $1,000 per month than find $1,000 to cut from your budget.

              Here are some examples of ways to earn more money:

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              Talk to Your Boss

              Have a conversation with your boss about current salary and/or commission rates. If you’re not satisfied or want a change, don’t be afraid to look around at other positions. Some of them might even have a student loan debt reimbursement plan!

              Start a Side Hustle

              This could be coaching students on the weekends, driving for Uber, or taking paid online surveys. There are tons of ways to make money outside your 9-5. Now that you have a clear plan to pay off your debts, you’ll be more motivated than ever to figure out creative new ways to earn money.

              Build an Online Business

              There are so many websites and blogs that earn money from ads, affiliates, and other online products. Find your niche and get started.

              3. Celebrate Your Wins

              As you progress in your debt payoff journey, don’t forget to celebrate your wins. You need to always reward yourself for the hard work and discipline that is required to get out of debt.

              While you shouldn’t celebrate so big that it increases debt, make sure to factor in little rewards to keep you motivated.

              4. Set New Financial Goals

              Eventually, with a plan and these steps, you can rid yourself of your debt. Once you do, make sure to celebrate your monumental achievement, but don’t stop there.

              Now, you can focus on acquiring wealth and increasing your net worth. Set new financial goals so you have a new target to aim toward. Here’s how to set financial goals and actually meet them.

              These could be anything now that you are debt free! Think about where you want to travel, buying your first home, or saving for your future retirement. Just like before, make sure that your goals are specific, measurable, and achievable.

              Conclusion

              Congrats, you can now set a plan in motion to finally pay off your debt quickly (and hopefully forever)!

              Remember, if you want to get out of debt quickly, it’s not always easy. Just like any big goal, there will be sacrifices, challenges, and problems to overcome.

              More Tips on Getting out of Debt

              Featured photo credit: Pepi Stojanovski via unsplash.com

              Reference

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