Botox
January 16th, 2009
Recent statistics show that the Botox treatment industry has generated over $1 billion per year in revenue. When an industry hits that threshold, it’s a viable, on-going market. Although the recent market downturn may put a slight wrinkle in sales, younger and younger women are now trying the procedure. A growing number are getting Botox the moment they graduate from high school.
This is an example of really bad money management – not to mention a totally unnecessary cosmetic procedure. At upwards of 300 dollars per appointment, you would be much better off paying down your credit card or other debts or saving or investing. Even if you are completely debt free, and can truly afford it, there is plenty of time to freeze your face.
If you put the $300 in your savings account instead and earned 4% interest, in five years you would have roughly $1,460 dollars ($300 x 4 times a year – usually you need three to four injections per year). If you waited five years to start Botox, and saved the money each year, you would have saved approximately $6,700. What could you do with $6,700?
Filed under: Shopping
Tags: Credit card debt, spending, status, Style
3 Comments Add your own
1. Faux&hellip | January 16th, 2009 at 4:23 pm
Good thoughts. I guess the same logic aplies to quitting smoking or giving up dialy Chai Lattes?
2. juliana&hellip | January 28th, 2009 at 10:05 am
let’s see… with $6,700… you could get a junior face lift?
3. Lisa Serwin&hellip | January 28th, 2009 at 10:14 am
Yes, but that kind of misses the point….
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