I came across an article the other day that absolutely blew my mind. Celebrities are spending a ludicrous amount of money on fashion and beauty every year, but when taken into context to how much they make, it doesn’t seem so bad! It’s suggested that as a rule of thumb, people should spend around 5% of their monthly income on clothes and 2-3% on beauty products.
Cue Celebrity Spending:
Spends over $70,000 per year on beauty products alone. Now given that she took home over $30 million last year, 5% of her annual salary would equate to $1.5 million! Sounds like Jennifer is living a lot more modest than it would seem. *rolls eyes*
These ladies are spending far less than 5% of their monthly income on fashion and beauty products, but let’s be serious, does anyone really need over a million dollars worth of clothes every year?
It really leads me to evaluate how much I’m spending on myself every month! What do you guys think? Is 5% of your monthly income a fair estimate? Who of you spends more/less than that?! We’d love to hear from you 🙂