How beautiful expenses affect your money

Katie Gati Tassin

Compliment: Katie Gati Tassin

There are many unique obstacles that women face when it comes to money, such as The gap in wages and Providing care Responsibilities.

“There is another challenge in the financial life of women less explanatory-it can be” an infidel force in a woman’s financial life. “Said.

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Tassin, who is also the founder of “Money With Katie”, describes beauty expenses as “hot hamster”. She said that there is a complete industry dedicated to profit in insecurity for women, and appeared in women’s budgets.

CNBC spoke to Tassin in late June about how a woman can escape from the “hot hamster”, and what to do instead with their money.

(This interview has been edited and intensified for clarity.)

“Beauty is one of the low assets by design.”

Anna Theresa Sola: The first chapter of your book talks about the so -called “Hot Hums”. Can you describe what is this?

Katie Gati Tassin: “Hot Girl Hamster Wheel” is a set of frequent expenses necessary to keep what I like to call “acceptable female appearance.” Each one dollar will spend as a commitment to continue spending more money in the future due to the nature of aesthetic improvement: your body will eventually reject all these interventions you do.

Anyone who got acrylic screws familiar with this conflict, as it grows, then your nails are fragile and changed color.

ATS: What are the expenses that fall under this type of spending?

KgtUsually, for most women, it’s hair, it’s nails, it’s skin care.

Things that revolve around the shape more than the job, may be a good way to put it.

Buying toothpaste does not count. Although this is still a personal purchase, because toothpaste does a job for you, it is related to hygiene. While Crest White is likely to be counted because this is something you do to intervene with how it looks and how you are perceived.

It may take a model that we accept as a basic feminine or maintenance, and this is what I want people to give a closer look at themselves.

The release of a book other than a nation

ATS: How does one fall prey to him?

Kgt: If you feel the way you look at things, it may be because you are picked up precisely signals on that. We know that the “beautiful concession” is real, so I want to be keen not to hint until anyone falls for this is made a mark, or interacts with the fully manufactured or synthetic powers.

It is true that the beautiful people are treated better and are absorbed. We know that. Therefore, in some respects, it is a rational way to start walking because you feel that there is some return on this investment.

But what I want to return to people is that beauty is the origins of a decrease in design. Unlike Investment In actual capital – which will grow over time, it will become more valuable – when you invest in beauty, the opposite happens. It will take more and more money to extend this half.

“Beauty revolves around strength”

ATS: This seems to be not by chance, especially for women. Why this? What are the dynamics of play?

KgtI have just had a great interview in my cross with a woman called Tressie McMillan Cottom (a sociologist and writer), and I think she really has heard. She said beauty is about strength. Beauty is the only power that a woman can practice; They can use it, but they can never own it.

My point of view is that women are socially considering beauty is the strongest and important social capital that deserves their time to follow up.

But I believe as individuals, we have the ability to positively affect each other and give each other permission to cancel the subscription – and you may not publish it along the way. I think a lot of this is to survive.

ATS: I mentioned in the book that the topic was “mysteriously absent” from the personal books and financial sites that they are frequent in the past. Why do you think this is?

KgtThe majority of personal finance books and the majority of personal finance have been written historically by men, which means that men have formed in hidden and public ways in this field with their experiences, preferences and priorities.

By the way, I do not knock them. I have learned a lot of reading men’s money blogs, but it is clear that they will not be able to guide me, “hey, for this reason your full routine makes you break.” It was just outside the reference.

How to “get rid of hot toxins”

ATS: You can provide a strategy to reduce such expenses called “Hot Girl Detox”. Is this useful for a balance?

KgtI think it is a useful exercise for All spending You do it. It is only related to giving yourself a gift of that insight by sitting, doing simple mathematics, then obtaining curiosity and experience, “Does this thing give me the value I want, and if not the case, what can I try instead?”

You can include all spending on the beauty and personal care you do in a certain year, and have set these annual costs. You will know how to associate with what he is in income. You will start at the bottom and try to remove one thing at one time and see what it feels.

If you are like me and many other women who have gone through this process, you will likely find it is that you will return not just an unusual amount of money, but time and mental energy as well.

Investing is “the best gift you can offer”

ATS: Once the reader removes toxins, what should they do with additional money?

Kgt: The goal is really that Money to go to work for you And your future. What will appear to be dependent on the situation in which you are currently.

If you have a lot of High interest debtsThen the best thing for you is to start with this money Attack.

If you do not have debts, but you also don’t have any cash savings, then save this money in a High -yield savings account Giving yourself that cash pillow is the best next step.

If you have already done all of these things, Investment For your future is the best possible thing you can do. It’s the best gift You can give yourself.