Welcome to the latest edition of Money Saving Mondays, a recurring series where we share simple, actionable tips that you can follow to start saving money right away.
Today’s tip is to cut your own hair, and while this may not be a tip that everyone will want to try, those who do can save some serious money by shearing their own locks.
I started cutting my own hair (with my wife’s assistance) two years ago this month and we started doing my son’s hair shortly thereafter. Before that we would typically get a haircut together every five or six weeks with each trim costing me $15, with another $12 tacked on for my son.
Considering they really just buzzed us and cleaned things up a bit, each haircut was about eight minutes, yet it was costing me an arm and a leg.
So I picked up a hair cutting set like this one from Amazon for $25 and gave it a whirl.
Ten minutes later my hair was buzzed and I didn’t even need to leave the house!
My son and I haven’t gone out for a haircut since and after doing the math I figure we’ve saved about $480 over the last two years.
That is a huge savings and I’d much rather put that money toward paying down debt or doing something fun with the family.
Now, I’d never even consider cutting my daughter’s hair and I don’t think my wife will be trying it anytime soon, though some women really are willing to cut their own hair or at least touch it up a bit.
And good for them! The truth is women pay way more than men do for a haircut. Of course, women tend to pay more than men do for a lot of things which is why it’s generally way more expensive to be a woman. I don’t know how you ladies do it!
Do you cut your own hair or have you ever considered trying? How much money would you need to save to give it a try?