When it comes to spending on beauty, it’s easy to go broke to stay glam. But you don’t have to break your bank for your beauty routine. Here are three tips to trim your beauty budget, so you get more bang for your buck when it comes to your favourite skin care and makeup products.
Sign up for loyalty cards
The Shoppers Drug Mart Optimum program can get you hundreds of dollars of free makeup each year. First, make sure to shop bonus points events. If you have regular household spending to do, see if you can pick up your groceries or house cleaning supplies here to earn points you can use towards your beauty spending later.
Other drugstore chains such as Rexall and Jean Coutu accept Air Miles, which can be redeemed for cash discounts in-store. If you’re a fan of luxury brands, big department stores such as Saks Fifth Avenue, Hudson’s Bay, and Nordstrom have loyalty rewards programs. They also have storewide sales, which means sometimes you can get your favourite designer makeup and skin care brands.
Wait for sales
The Sephora VIB sale happens twice per year, usually April and November. Depending on whether you’re VIB or VIB Rouge, you’ll get 15% to 20% off your entire purchase. This is a great time to stock up on pricier beauty products such as skin care, foundation or eyeshadow palettes, or try new items at a discount.
If you want to try new products without the commitment to the full-size purchases, you can sign up for a subscription beauty box. Subscription box services deliver a swath of sample-size products to your door each month. This way you can stay on top of beauty trends or try the hottest must-have product without splurging for the full-size before you even know if you like it!
Use a cash-back credit card
The best cash-back credit cards in Canada refund percentage of every dollar spent, which means your beauty spending doesn’t hit your bank account as hard at the end of each month. You can redirect the cash back you earn towards an increased beauty budget, or into a savings account so you can continue your spending guilt-free knowing you’re still working towards your financial goals.
For example, until April 30, new Scotia Momentum Visa Infinite Card holders will get 5% cash back on all your purchases for the first three months (up to $3,000), then 1% to 4% cash-back after that, depending on where you shop. The card has a $99 annual fee but can give you hundreds of dollars in cash-back, plus additional perks such as travel insurance and extended warranty protection on your purchases. This can be especially beneficial if you buy pricier hair dryers, flat irons, and other high-tech beauty tools.
The Tangerine Money-Back Credit Card is a no-fee cash back card that gives you 2% cash back on two spending categories you choose, and 1% cash-back on everything else. Drugstore purchases are one of the cards 2% cash back categories, meaning you can still score high-end designer makeup at Shoppers Drug Mart and still earn the higher rather of cash back. With no annual fee and no limit to the amount of cash back you can earn, this card can only boost your budget.
When it comes to beauty spending, it’s easy to feel like this is a luxury you should leave out to allocate your money towards responsible financial goals. However, with some creativity and planning, you can enjoy new mascara and build a healthy retirement fund.
Disclosure: Guest post by Ratehub.ca, an independent financial product comparison site that empowers Canadians to make smart financial decisions by comparing rates on mortgages, credit cards, chequing accounts, savings accounts, and insurance.The opinions expressed herein are those of the author and are not indicative of the opinions or positions of The Life of a Canadian Angel.