Do you know how much the average person spends on shaving each year? Estimates vary, but $16 per month is a middle-of-the-road estimate that accounts for both high and low spenders.
Let’s suppose that you start shaving at 13 years old and stop when you’re 60 (many women will continue shaving after turning 60 — this is just an example for illustrative purposes!). A monthly cost of $16 would entail a total lifetime spending of $9,024; a price increase of just $4 would increase that figure to $11,280.
Many people spend much more on high-end shaving products, so let’s consider what $30 per month would entail in the same amount of time. At $30 per month, you would spend just under $17,000 on shaving alone! That’s more money than it takes to make a down payment on a home in many parts of the country.
Shaving with razors costs more than just time, however. Suppose that you shave three or four times each week and spend approximately 15 to 20 minutes on it each time. If you started at 13 years old and shaved until you turned 60, you would spend approximately 25 to 34 days of your life shaving.
Many people attempt to learn how to wax themselves at home, and while we don’t have estimates for the time or money it takes to learn and pull it off successfully, it’s significantly higher than the razor-based estimates discussed above. In other words, if you’re unhappy with the time and money you spend on shaving with razors, you won’t be any happier with DIY waxing!