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Posted on July 08, 2009

MMI offers simple beauty tips that won't break the bank

We all want to look our best, but the cost of beauty can be pretty high. According to a report published by American Salon, the average haircut for women ranges from $21 - $44 -- depending on the location and salon size. Additionally, manicures cost an average $20.53. Weekly manicures can drain your wallet by $1,068 a year.

In a study conducted by Sustainable Youth in conjunction with Kelton Research, one-third – or 33 percent – of American women say they are willing to give up 10 percent of their savings in order to look a decade younger for the rest of their lives. Looking good doesn’t have to cost a fortune; and certainly shouldn’t comprise your financial future. With a little creative maneuvering you can still care for your skin, hair, and nails without leaving a hole in your wallet. Check out the following beauty tips from the financial educators at Money Management International (MMI), a nonprofit credit counseling agency, and look fabulous for less.

Make an appointment at a barber/beauty college. Visit your local beauty college and get your hair done for a low cost or, in some cases, for free! It may sound scary to have an inexperienced aspiring stylist “practice” on you, but a licensed professional is also onsite supervising.

Find great skin/hair products in your home. Olive oil has many nutritional values in many areas besides cooking. It is good for your hair and skin. Pour a little olive oil in your bath for a great skin softener or try using it as a conditioner for your hair. It’s also a great cleansing cream. One tube of Vaseline can be used 50 different beauty ways including – lip gloss, cuticle cream, lotion, healing cream for dry skin on elbows and feet, and a quick faux eyelash extender.

Give yourself a mani/pedicure. You don’t have to spend salon prices for a good manicure and pedicure. You can pamper yourself at home by buying a home-spa kit. Call up five of your closest friends and make it a girl’s night!

Get your hair done on a Monday or Wednesday. These are the days with the least amount of traffic for most salons, so the best deals are offered on these days to help drive business. Plus, you’ll get lots of attention from the stylist when business is slow.

Research coupons and specials. A little research goes a long way. Look up coupons online or sign up for promotional events through email. Many of the leading cosmetic companies offer great summer deals as do many salons. Visit for amazing beauty coupons.

“It’s important to remember no matter what the circumstance – treat yourself well,” said Cate Williams, vice president of financial literacy at MMI. “The economy is causing a lot of financial stress, which can have a profound effect on your overall physical health. No amount of cosmetics will reverse the negative affects of worrying, so follow the number one beauty tip – always find time to de-stress.”

About Money Management International

Money Management International (MMI) is a nonprofit, full-service credit-counseling agency, providing confidential financial guidance, financial education, and counseling services; including housing counseling, bankruptcy counseling and education, and debt management assistance. MMI has been helping consumers trim their expenses, develop a spending plan, and repay debts since 1958. Counseling is available by appointment in branch offices and 24/7 by telephone and Internet. Services are available in English or Spanish. To learn more, call 800.432.7310 or visit