How to Put Together a Monthly Beauty Budget

The skin care and beauty industry brings in over $90 billion worldwide. On average, Americans spend $722 on their appearance, including skin care, each year, according to a November 2022 survey of over 1,000 people from Advanced Dermatology. For many Americans, TikTok means cha-ching. In total, 46% of Americans agree social media has contributed to them spending more on beauty products than they wouldโ€™ve otherwise. That figure rises to 67% among millennials and 64% among Gen Zers. Needless the say the cost of beauty is expensive! It is important to create a monthly beauty budget that aligns with your financial goals and overall budget.ย 

Beauty expenses refer to the money spent on products, treatments, and services related to personal grooming, skincare, makeup, haircare, and overall appearance enhancement. These expenses can vary widely depending on individual preferences, beauty routines, and lifestyle choices.ย 

Why Do You Need a Monthly Beauty Budget?

Putting together a monthly beauty budget can help you manage your spending on cosmetics, skincare, and other beauty-related products and services. A monthly beauty budget is a practical and responsible financial step for several reasons:

  • Financial Awareness: A beauty budget helps you become more aware of your spending habits in the beauty and cosmetics category. It allows you to see where your money is going and whether you’re overspending.
  • Control Spending: Without a budget, it’s easy to overspend on beauty products and services. Having a budget in place helps you control your spending and allocate funds wisely.
  • Prevents Impulse Purchases: A budget encourages you to think twice before making impulsive beauty purchases. It promotes conscious decision-making and reduces the temptation to buy products on a whim.
  • Saves Money: By planning your beauty expenses in advance, you can take advantage of sales, discounts, and promotions, which can save you money over time.
  • Prioritizes Needs vs. Wants: A beauty budget forces you to distinguish between essential and non-essential beauty expenses. You can allocate a larger portion of your budget to essential items like skincare and allocate less to non-essential items like luxury cosmetics.

How to Create a Monthly Beauty Budget

Creating a monthly beauty budget involves a series of steps to help you track, allocate, and manage your spending on cosmetics, skincare, and beauty-related services. Here’s a step-by-step guide on how to create a monthly beauty budget.ย 

Assess Your Finances

Begin by reviewing your overall monthly income and expenses. This includes your fixed expenses (e.g., rent/mortgage, utilities, groceries, transportation) and other discretionary expenses (e.g., entertainment, dining out).

Determine Your Disposable Income

Calculate your disposable income by subtracting your fixed expenses from your total monthly income. This is the amount of money you have available for discretionary spending, including your beauty budget.

Set Clear Goals

Determine your beauty-related goals. Are you looking to save money, maintain your current beauty routine, or allocate funds for specific beauty products or treatments? Having clear objectives will guide your budgeting decisions.

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Identify Beauty Categories

Create a list of the different beauty categories or expenses that you want to include in your budget. Common categories include skincare, makeup, haircare, nail care, spa/salon treatments, special occasions, and miscellaneous items.

Allocate Funds

Based on your disposable income and beauty-related goals, allocate a specific amount of money to each beauty category. Be realistic and ensure that the total allocated budget for beauty expenses does not exceed your disposable income.

Track Your Expenses

Keep a detailed record of your beauty-related spending throughout the month. You can use a budgeting app, spreadsheet, or even a dedicated notebook to log each purchase. This will help you stay on track and ensure you don’t overspend in any one category.

Stick to Your Budget

Regularly monitor your spending to ensure you’re staying within your allocated amounts for each beauty category. If you find yourself overspending in one category, consider making adjustments by spending less in another category or cutting back on non-essential purchases.

Look for Deals and Discounts

Be on the lookout for sales, promotions, and coupons to make the most of your beauty budget. Purchasing items during sales events can help you save money. Consider buying in bulk or during sales for products you use frequently.

Prioritize Essential vs. Non-Essential Expenses

Make a list of all your beauty-related expenses. Categorize them into two groups: essential and non-essential.

  • Essential Expenses: These are items you consider necessary for your daily or regular beauty routine, such as basic skincare, haircare, and hygiene products.
  • Non-Essential Expenses: These are products or services that are more of a luxury or occasional indulgence, like high-end cosmetics, spa treatments, or salon visits.

Adjust as Needed

Periodically review and adjust your beauty budget to accommodate changes in your income, priorities, or beauty needs. Adjust the allocation of funds if necessary to reflect your evolving circumstances.


Creating a monthly beauty budget empowers you to take control of your beauty spending, prioritize your needs and wants, and make informed financial decisions while still enjoying your beauty routine. It’s a valuable tool for maintaining financial stability and achieving your financial goals.

Remember that the key to a successful beauty budget is discipline and tracking your spending. By following the above steps and staying committed to your budget, you can enjoy your beauty routine while maintaining financial stability.