How beauty expenses affect your finances
Katie Gatti Tasin
Courtesy: Katie Gatti Tasin
There are many unique obstacles faced by women about money, such as wage deficit and maintenance responsibilities.
Nevertheless, there is another challenge in the financial lives of women-Katie Gatti, the author of the Rich Girl Nation: Responsibility of our Financial Future “, said,” It is a insidious power in women’s financial lives. “
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He also describes beauty expenses as “hot girl hamster wheel”. The authority said that it is an industry dedicated to taking advantage of women’s insecurity and emerged in women’s budgets.
In late June, CNBC spoke with Tail about how women could escape from the “hot girl hamster wheel” and what to do with their cash.
(This interview was arranged and intensified in terms of clarity.)
‘Beauty is an entity that depreciates according to design’
Ana Teresa Solá: The first part of your book is talking about the so -called “Hot Girl Hamster Wheel”. Can you tell me what this is?
Katie Gatti Tasin: “Hot Girl Hamster Wheel” is the collection of recurrent costs necessary to protect what I like to call “acceptable feminine look”. Every dollar you spend will function as a commitment to continue to spend more money in the future due to the nature of aesthetic development: your body will reject all these interventions at the end.
Everyone who receives acrylic nails is familiar with this struggle they grow up and then your nails underneath are fragile and colorless.
ATS: What costs are under such expenditures?
Kgt: Typically, hair, nails, skin care for most women.
Things with more than function about the form are probably a good way to put it.
It is not counted to buy toothpaste. Although this still buys a personal care, toothpaste is doing a job for you, because it’s about hygiene. However, Crest white strips are probably considered because this is something you do to intervene how you look and how you are perceived.
It can take a form that we accept as basic feminine care or care, and that’s what I really want people to look more closely for themselves.
Rich Girl Nation Book version
ATS: How to hunt?
Kgt: If you feel as you seem, it is because you probably get the signals correctly. We know that the “quite privilege” is real, and therefore I want to be careful not to imply that everyone who falls on it has been left to a mark or reacted to the artificial forces that have been completely manufactured or fully manufactured.
It is true that they are treated better for beautiful people. We know that. So in some angles, it is a rational way to start walking down because you think there is a little return from this investment.
But what I want to bring back people is a depreciation entity by the Beauty design. Different Investing in the real capital that will grow over time will be more valuable – the opposite when you invest in beauty. This will require more and more money to extend this half -life.
‘Beauty is about power’
ATS: Not accidental, especially for women. Why? Which dynamics are in the game?
Kgt: I had a great interview with a woman named Tressie McMillan Cottom in my show [who is a sociologist and writer]And I think it really nailed. He said beauty was about power. Beauty is the only force that women can use; They can use it, but they never have it.
My perspective is their socializations to see women as the most powerful and important social capital worthy of time to follow the beauty of women.
But as individuals, we have the ability to positively influence each other and give permission to each other – and perhaps you do not choose to the end. I think many of them come to survive.
ATS: In the book, you have stated that the subject is often “mysterious” from your personal finance books and sites in the past. Why do you think it is?
Kgt: The majority of personal financial books and the majority of personal financial fields are historically written by men and for men, that is, men have shaped this field in fine and open ways with their experiences, preferences and priorities.
By the way, I don’t overthrow them. I learned a lot when I read men’s money blogs, but frankly they will not be able to guide me, “Hey, so your accent routine breaks you.” It was completely outside the reference scope.
‘Hot Girl Detox’
ATS: You provide a strategy to reduce such costs called Hot Hot Girl detox “. Is this useful to establish a balance?
Kgt: I think this is a useful exercise All the expenses you make. This is only about sitting on yourself, making simple mathematics and then trying and trying to give yourself the gift of this insight, “Does this give me the value I want, and if not, what can I try instead?”
You list all the beauty and personal care expenditures you have done in a certain year and make these costs annually. You will understand how they are related to what you bring income. You will start at the bottom and try to remove something and see how you feel each time.
If you are like me and many other women who pass this process, what you probably find is not just an extraordinary amount of money, but also you will get back time and mental energy.
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ATS: After performing the reader detox, what should they do with extra cash?
Kgt: The target is really for that Money to go to work for you and your future. It will depend on what this will look like, your current situation.
If you have a very high interest debt, the best thing about this money is to start attacking your debt.
If you don’t have any debt, but at the same time you don’t really save money, it is probably the best step of saving it in a high -efficiency saving account, and it’s probably the next best step of the cash pillow.
If you have already done both, investing in your future is the best thing you can do. The best gift you can give to yourself.
