August Blog: Personal Finance Tips for Estheticians: Build Wealth Behind the Skin Care

Money Mondays

As an Esthetician, you’re more than a skin care expert—you’re a small business owner, service provider, and often the primary provider of your household income. But while you take care of everyone else’s skin and self-care, are you taking care of your financial health?

Whether you’re solo, working in a spa, or building your own brand, here are 5 smart, actionable personal finance tips every esthetician should know to build long-term security and success.

1. Pay Yourself First

Before you pay rent, buy supplies, or reinvest in your business, set aside money for yourself. If you are an employee, save a portion of your income and then spend the remainder.

How: Automate transfers to a separate savings or high-yield account each time you get paid. Even $25 per week adds up.

Why: You work hard. Paying yourself first ensures your future self gets the reward.

Tip: Try the 50/30/20 Rule: 50% needs, 30% wants, 20% savings.

2. Separate Business & Personal Finances

Mixing your business income with your personal expenses? It’s time to separate the two.

How: Open a dedicated business checking account, get a business debit card and business credit card. Track every transaction for the debit card and pay off the credit card balances within 1-3 months.

Why: You’ll save time during tax season, make better financial decisions, and get a clear picture of your real income.

Tip: Use apps like QuickBooks Self-Employed or Wave App for easy tracking.

3. Set a Monthly Spending Plan (and Stick to It)

Creating a spending plan doesn’t mean restriction—it means freedom with your money to be spent in ways that support you.

How: Track income and expenses for one month. Then, set realistic monthly spending limits for categories such as rent, retail supplies, self-care, education, and savings.

Why: Spending Plans reduce stress, eliminate overspending, and help you make confident choices—like investing in that advanced facial course.

4. Plan for Taxes All Year

Don’t let tax time sneak up on you! Estheticians who earn freelance or 1099 income need to stay one step ahead. Even as an employed Esthetician, there are tax write-offs you can take advantage of.

How: Set aside 25–30% of each paycheck for taxes. Pay quarterly estimated taxes if you’re self-employed.

Why: No more scrambling in April. Planning ahead keeps your cash flow steady and avoids IRS penalties.

Tip: Hire a tax pro familiar with beauty or service-based businesses.

5. Build an Emergency Fund

A slow season, canceled appointments, or a personal emergency can hit your income hard.

How: Save 1-3 months of essential expenses in a separate, easily accessible account. Start small and build over time.

Why: Peace of mind. This cushion protects you from having to rely on credit cards or loans even in uncertain times.

6. Invest in the Stock Market (Beginner Style)

You don’t need a lot to start—just consistency.

How: Use apps like Fidelity, Schwab, or Stockpile. Go to their websites to understand the basics of investing.

Why: Smart and strategic investing can provide you with an average return of 10%

Tip: Start with $25–$100/month. Set it and forget it. Try IRA Accounts, index funds or fractional shares. Invest for long-term goals like retirement. The time value of money is a major factor in your overall investment success.

Final Thoughts

Your hands are your tools, but your mindset is your wealth-building secret weapon. Financial freedom for Estheticians isn’t a dream—it’s a plan. Start small, stay consistent, and remember: you don’t need to be perfect—you just need to start.

Want more support with personal finance as a beauty pro? Join the Angela Green Esthetician Collective for resources, tools, and a powerful community of skin care entrepreneurs.

Disclaimer: The financial information shared through the Angela Green Esthetician Collective is for educational and informational purposes only. It is not intended as financial, tax, or legal advice. Always consult with a licensed financial advisor, accountant, or legal professional before making decisions that may impact your business or personal finances. Angela Green and associated entities are not liable for any actions taken based on this content.