Are You Wasting Money on These Popular Trends?

Are You Wasting Money on These Popular Trends?


– Trends come and go, but yet it seems like we spend so much money on them! So today we’re going to talk
about the trends you should spend money on and the trends
you shouldn’t spend money on. (music) All right, I consider myself
a somewhat trendy person. You may disagree, and that’s totally fine. But I love clothes. I
love the latest gadgets. I love reality TV. I mean,
all the things happening . . . I like to keep up with them. I mean, I’m not a regular
mom. I’m a cool mom. Thank you, Mean Girls. Love it. But you have to realize,
and so do I, that sometimes these trends cause us to waste money. And on this show, I don’t
want you guys to waste money. I want you to save money. So in this episode, I’ve
teamed up with Woman’s Day to show you guys some really
fun, inexpensive items that are trendy right
now in the health space. And I also want to give you
guys a brand new challenge that is going to save you money. So this is going to put
money back in your pocket. So, stick around for that. And I’m also so excited.
Because as some of you know, The Bachelor—it’s a big part of my life. We actually have a real-life
Bachelorette, Kaitlyn Bristowe, coming on because I want to
drill her about what it’s like being on reality TV, and all
of the financial decisions she had to make around that.
And of course, I’m dying to ask her some questions
just about The Bachelor. So, make sure you tune into that— it’s going to be really good. All right, let’s jump right in. According to a recent
study, Americans are wasting 18 thousand dollars on
nonessential items a year! 18 thousand dollars!
Guys, that could be going towards paying down your debt, retirement, or even your emergency fund. I mean, you could do many
things with that money. Could you imagine, if you had
that money saved in the bank, how much better you would sleep at night? Versus spending it on stuff
that really doesn’t matter. Well, I put together a list of categories of things that you do not
need to spend money on. Okay, and I’ve broken them down into three different categories. First one: subscriptions.
Smart phone apps— yep, they can get expensive. I may or may not have
purchased a workout app that I thought you had to
pay a little bit each month. No, no. They charged ole
Rachel’s account the entire amount. So I got charged
$109 for this dang workout app that later, come
to find out, it had workouts that basically you can get
from the Nike app for free. But it just broke my
heart and it has still scarred me to this day. But really,
we can waste a lot of money on apps. Even those games
that you’re addicted to— yeah, it’s like, well 99 cents
to buy this thing here, or that thing here. And
it just seems harmless. But when you look, Americans
spend almost $100 a year buying stuff in their mobile games. Yeah, it’s crazy.
Also, subscription boxes. Yeah, like Birchbox,
Graze, Stitch Fix, BarkBox— these are all really fun, and
they’re super convenient. But if you’re getting
out of debt, especially, or saving up for your
emergency fund (click)— it’s a place that you can cut. Ahh. Cable—I’m sorry to say it, but it’s true. Things
like cable, Hulu, Netflix, Amazon, YouTube TV—all
of these subscriptions that are around—you can cut those. Because the average cable
bill is $85 a month. That’s over $1,000 a
year. So, remember it’s 2019, there’s so many free or cheap
options that you can have to watch TV. So look into that. And I even went and looked
at the top ten shows on TV right now, and eight out
of 10 of them are on free TV. So you don’t need cable or a
subscription to watch those. You can keep up with the
trends of all the great shows without spending all the money. All right, so the next category
that you don’t need to spend money on is in the financial space, okay? Timeshares. Ugh, no. No, no, no. The average timeshare will cost you around $19,000, plus you
have annual fees every year, and they are basically
impossible to get rid of. People are always
wanting out of timeshares and they can’t get out. If you’re stuck in a timeshare
and you really want to get out, there’s an amazing
company that will help you: Timeshare Exit. So, I’ll
put a link in the show notes to link to them, so make
sure to check them out. Also in the financial category
is whole life insurance. I talk about life insurance on
here a lot, but it’s just true— whole life insurance is going to cost you 10 times more than term life. Get it out of here.
Extended warranties. Research shows that if you
need a repair on an appliance, the majority of the time it is
even outside the warranty time. So, save that average $126
people usually spend on the extended warranty,
and put it back in your pocket. Last but not least in this
category, is the lottery. Yes, the average American
spends $223 a year on the lottery, which equals
$80 billion overall. And we all know the stats about
the chances that you’re going to win the lottery, okay? It’s not going to happen.
Let’s just throw it out there. It’s not going to happen.
So save your money there. And the last category you
don’t need to spend money on, is when it comes to clothes and fashion. The average American spends
$3,000 a year on clothes. I mean, how many times have you
walked into your full closet and said, “I just don’t
have anything to wear”? Yeah, it happens to
me—I’m guilty of that. But you know what it comes back to? It’s not that you don’t
have anything to wear— obviously you do. But it’s a heart issue. It’s a contentment issue.
So contentment is a huge part of this money message, you guys. And so, we put together a
special bundle for this episode that pairs my Contentment
Journal with my book Love Your Life, Not
Theirs because they pair so well together. And again,
it gets you in this place of practicing contentment.
So you can check that out. Click the link in the show notes. And when it comes to
clothes, really think through quality over quantity. There’s some times that
we think we just want a bunch of stuff. But it’s stuff that, especially with clothes,
you wash it once or twice and it is basically
ruined. And you’re like, oh man, because it was super cheap. Save up a little bit and you can invest into some nice pieces. And then also, there’s
my biggest pet peeve when it comes to clothes. Things that you could
really not spend money on and save some, and that is
adult clothes for babies. (music) So I’ve learned in
motherhood, to each it’s own. And I really do believe that. I really do. All the way from like, you want to have a natural birth or an epidural. You want to sleep train
your baby or you don’t. You, I don’t know, want to
have your kid in the room with you until they’re 12 years old or you want them up in the nursery. Whatever the thing is, to each it’s own. Whatever works for you. So this is strictly Rachel’s opinion. But, the amount of
money we spend on babies— and their clothes, specifically—gets me. And I’m telling you this
out of personal experience. I experienced this with Amelia. Okay? And not just clothes,
but adult-like clothes for a child—for an infant. Yeah, I bought this beautiful
dress from Janie and Jack for Amelia. It was like, the
size was zero to three months and it looked like a little
Audrey Hepburn dress. I saw it on the hanger, and I was like, “Oh my gosh, I would wear that if it was my size. It’s so cute!” I put it on her, and she’s
like a month and a half. She can’t even hold her head
up in this dress that I bought that was like $40. I was like this is the
stupidest thing ever. So whenever I see little
babies with shoes on and vests and hats and bowties, it just
kind of breaks my heart a little bit. Because I think,
that is an adult outfit that you just put on a
baby, and you just spent so much money on that outfit. That baby needs to be in a onesie— that’s what that baby needs.
So, rule of thumb for me is: under 12 months old? Baby.
Baby, baby, baby. Yes. Little boy? My rule is he gets
to wear a smock. Yes he does. 12 months and younger—he’s a baby. Okay? It’s a baby, not an adult. Don’t dress them like an adult. Once they hit 12 months
and they, you know, maybe can start walking, then it’s cute. Then it’s like, oh okay,
now you can wear all the adult stuff. But it’s a
great place, that you don’t have to spend money—
adult clothes for babies. All right you guys, the time has come. Kaitlyn Bristowe is here! All right, if you’re
not familiar with her, she was on The Bachelor,
and then she was chosen to be The Bachelorette. So The Bachelor entire
franchise—yes, The Bachelor, Bachelorette, Bachelor in
Paradise, all the things— I just love it. So I
cannot wait to talk to her all about money, and
reality TV, and of course reveal some of her secrets
about being on the show. (music) (door clicks)
(beep beep beep) – Guys, let’s be real,
being a parent is hard work. Now that I have two daughters of my own, it feels like the to-do list never ends. And as every parent knows,
your priorities change, and you have to make important decisions for your child’s future. That’s why term life insurance
is a must for every parent. It’s so easy to get and it’s affordable. What you’re looking for is 10 to 12 times your annual income to make sure everyone in your family is taken care of. Winston and I use Zander Insurance. They do all the work for you to find the best prices and options. So go to Zander.com to get
started on a quote today, because that’s who we trust
to take care of our family. (music) – Kaitlyn, thanks so much for being on. – Thank you for having me. – This is so fun. You’re like
the jackpot of all guests. – Which is funny because
I feel like I don’t, like I have no business
being here (inaudible). – Whatever. Oh my gosh,
no. You fit in this world so much easier than what you think. – I’m trying. – Okay, so when it comes to the show, – Yes.
– I have so many questions. – Most people do. – I cannot wait to hear all this. Okay. Because when it comes to the
financial side, as a viewer, that’s like somewhat of the
lens I look through, because I can’t help it, it’s
just like part of like how my mind works. So I’m watching it, and I’m
like okay, you are on the side of the contestants of The Bachelor. – Yeah. – And then you were The Bachelorette. – Right. – So you have two different perspectives. – Perspectives, yes. – Which are pretty different right? – Very. – Okay, so when it comes
to what you pay for— – Mmm hmm. – I’m going to be so nosy
here, but what you pay for— – It’s interesting stuff. – Yeah, so when you’re a
contestant, what is provided for you and what do you have to pay for? – You pay for everything and
nothing is provided for you. Like I
– Seriously? – I was living in Vancouver,
and to even get a flight to go down for one of my first auditions, I was taking care of it. I put myself up in the hotels. – [Rachel] No way!
– Yeah. They were just like, if
you want this, come get it. – [Rachel] Totally.
– Yeah. – [Rachel] So that’s all on your dime? – Yes. – Okay, so when you get
on the show, you go. I see like all the luggage that all the contestants bring, all that. You get no free clothes as a contestant? – Well, once you make
it to a certain point, you get a little swag bag. So all— – But all your clothes
that you’re wearing on one-on-ones and all of
that, or group dates— – It was crazy the amount
of money that I spent just to go into the show,
because you don’t know how long you’re going to last. You could either be home
night one, or you could be there for a solid nine weeks. And it’s like, you’ve got to think
of rose ceremony dresses and heels and jewelry, and
these things aren’t cheap—it’s quite expensive. – [Rachel] Totally.
– Everything. It’s crazy what goes into it. And yeah, you don’t get anything. – Yeah do people go into
debt for this stuff? – Oh I did.
– [Rachel] Yeah. – I don’t know how you don’t.
I mean I was working at a restaurant. I taught
spin classes on the side. I was living in Vancouver,
paying ridiculous rent. But yeah, it’s
a lot to think about when you’re going away for that long, and national television, and
what everybody puts into it. And the show—yeah, no help. – Yes, okay. So when you
are The Bachelorette, is it the opposite? Like
everything is provided for you? – I think I brought my
pajamas and that was it. – Seriously? – Just a comfy pair of
pj’s, because everything is taken care of if you’re the lead. You just pick from, you
know . . . You have wardrobe pick outs every week. And this
is what I’m going to wear. And they can’t tell you what the dates are, so they’ll be like, you might
be in a chilly helicopter. (laughter) – Maybe, possibly— – It’s a helicopter. So
they’ll give you ideas. But yeah, all wardrobe to choose from, there’s a stylist, there’s
a hair and makeup artist. – So it’s like polar opposites— – [Kaitlyn] Right. – from being contestant to being the lead. – Yes. – So fascinating.
Yes, okay. So, and I guess it depends on the person and their job,
but do a lot of people have to leave their job?
Because if you make it, you’re out of work for four months of your current job, right? – Yeah, I mean it just
depends. But yeah, some people lose their jobs. And then there’s
things like, where I had a very casual job, and they
were like, “Oh my gosh, great! People will see your face on TV. Bring them into the restaurant!” – Yeah, totally, totally! Some marketing. – Yeah, exactly. They’re like, go network. – That’s right.
– Yeah. – [Rachel] Totally. Yes. Okay, so after you’re on
a national show like this, obviously people recognize
you. They know who you are. Do you find that a
lot of the contestants go back to their normal
life? They go back to the job? That they say, okay you can come back? You know, they just move
on with their normal life? Or do they take more of
the influencer spin? How do you feel like people react? – It depends. For myself,
personally, I didn’t want to go back to the restaurant. I was like, wow, what a blessing
that I have this platform. I can turn it into a business. I can do things I’m passionate about. I can work for myself. Yeah, so some people choose
to go back to their job if that job was something
that they were passionate about, or something that
they could go back to, a lot of people do. But the majority of people, I would say, try to take a
run at the influencer thing, because it just seems
like a dream job. – Okay, that’s so good. Now, you get paid to be on the show. As a contestant, do you?
– No. – You don’t?
– No, so that’s the worst part. You go into debt. You
have no idea how long you’re going to be on that
show, or if you’re going to get your job when you come
back, and you don’t get paid a dollar. Yeah, it’s crazy. But you don’t get paid
as a contestant. And then as the lead, you get paid
quite a decent amount. – [Rachel] Sure, sure—
– Yeah. – to do that. Okay so you have
two really fun business lines out, and your podcast is so fun. – Yeah podcast is . . .
Yeah, I mean growing up I always wanted to have my
own radio show, and I actually have a photo of myself from ten
years ago writing down my goals in life, and I would
post them on my mirrors. And I would just look at them every day. And it’s funny, now, to think back. I’m like, oh wait, look—I did that. – It happened! – I didn’t even know
about podcasting before but it’s basically a radio show— – Yes, yes. We talk about
goal setting a lot, but even the power of writing it
down and what it does. – Manifesting is everything.
– [Rachel] It’s so true. – Yeah. – Kaitlyn, thanks for coming on. – Oh my gosh, thank you for having me. – Seriously, I know this was
like, I bombarded you with all Bachelor questions but—
– [Kaitlyn] That’s okay. – all the fans. It’s like
every question every fan wants to know. So fun. We met on doing the podcast . . . – I’ve got to hang out here more often. – Come back, Kaitlyn. Come back. – Yeah, it feels good. – Oh, well thanks for being on. – Thank you so much for having me. (music) – I’m so glad Kaitlyn came by.
That was so much fun. And that wasn’t even
half of it. That’s right. She ended up dishing more
about her Bachelor secrets that wouldn’t fit in here,
so make sure to check out my podcast, because it’s all there. If you’re a fan of The Bachelor, trust me— you’re going to want to check it out. Up next, I was in New York, so I stopped by the Woman’s Day offices
to look at some really fun, new, affordable, trendy
products that actually could be worth spending your money on. Hey, guys. I’m here in
New York at Woman’s Day headquarters with
Editor-in-Chief Susan Spencer. And you’re back, Susan!
– Hi! Hey Rachel, thanks for having me. This is great! – Being back on the show, the
last time you were here you did some great value
awards, and it was a hit. So we’re bringing you back to
talk about great value awards, but specifically with health and wellness. – Health and wellness, exactly. – So good.
Okay, so the first product is the pasta. – Red Lentil Penne.
So, our reader testers absolutely loved this. So, it’s three dollars. It’s
available at super markets nationwide. And they loved
it mainly because it has one ingredient, which is red lentil flour. The thing they liked the
most is that it cooks up super firm, almost al
dente, like a regular pasta. A lot of these alternative
pastas end up very mushy and you just don’t want to
eat them. So great taste, great texture, lots of health benefits. – Yes, so good. – Great for the family. – And so easy. We talk
about pasta a lot on the show because it’s just a quick dinner. – Sure.
– And moms are looking for those fast dinners— – Exactly.
– So it’s a great option guys. Okay. Next, these are adorable. – Aren’t these wonderful? – Yes.
– Our reader testers loved these pretty tins.
So these are first aid kits from Welly, and they
retail for 4.99 to 7.99 and they’re sold at Target.
– Okay. – So as you know, as a mother of two, that your kids are always
getting into little scrapes and little accidents. So having
one of these in your purse is a lifesaver. And it has
pretty much everything you’re going to need, from
tweezers to all sorts of bandages. – Cute bandaids.
– Yeah and I think our— yeah I know exactly.
Your kid is going to want to put that on, right? – Yes, yes, yes! So fun!
It’s so funny. My girls are so dramatic.
If they fall and they’re not bleeding,
they still want a band aid and suddenly everything’s better. So, you have convenience right there. – Right, it’s a fashion statement. – That’s right, that’s right. Okay, I’ve tried these. – These are really, really—
– Delicious. – amazing.
So I don’t know about you, but every day at about 3:30
I have a craving for salt and I immediately reach
for the potato chips. Not exactly the healthiest move. But I’ve been trying these instead. So these are roasted chickpeas— sriracha flavor, sea salt, and my favorite, which is the dark chocolate. So, they retail for $3— super great price point.
They’re really delicious. – Yes.
And Method. – Method.
– Love Method. – Method. So I’m sure that
you use their dishwash soap— – Yes I do.
– or maybe their hand soap. So you may not know that
Method also has a line of bath products called Method Body. So these retail from $4.99 to
7.99, also available at Target. And what our reader testers
really liked about them was that they all have
naturally derived ingredients. So you’ve got cucumber
and seaweed and rosewater— things that are just really
refreshing and revitalizing. – [Rachel] So good. – The other thing they really
liked was the packaging. This is made from recycled
plastic and paper. And if you’re trying to teach kids
about sustainability or about going green, I think this
is a great way to go. – Yeah, so easy to–
– Great product line. – Enter that conversation. Good. All right, the love language
of all Mom’s across America. Yoga pants.
– Yoga pants. – Can’t fit into those
right now, but again one day, it will happen.
– Yes. – Okay so brand is—
– Yoga pants are every woman’s holy grail. (laughter) To find a pair of yoga
pants that actually fit, that don’t slip down,
that are comfortable— it’s just amazing. And we
believe we’ve found them. These are CALIA. This is
Carrie Underwood’s line. So, our reader testers, they
really like the fabric. – Yeah I was going to say, it’s great. – It’s thick, so it kind of
cinches you in a little bit. But it’s very breathable, so
they could really move in these pants. They don’t slip. They also have—I could take that out. They also have this really
nice wide band right here, which is nice for a little tummy taming. And my favorite—they have pockets. – No way.
– Right here. – Seriously.
– I think a good pocket makes everything better. – On yoga pants, it’s brilliant. – So these retail for $70,
which seems a little bit pricey, but really, really worth it. That’s what makes these great value, and they’re available nationwide. – Okay, so good. I know,
even though the price point is a little bit more, I feel
like there’s always pieces in our closets that you can invest in. I call them my investment
pieces. And it’s things you wear all the time, you
may not have a ton of, but you can invest in one
or two pair of these and they’re going to last you a long time, because it’s good quality. – I don’t think you’ll take them off. – Yeah, right. Sleep in it. Do
everything with it. So great. Okay, these are such
great value awards, and it’s stuff that obviously helps
with health and wellness— – Absolutely.
– and make great choices, so we love that. Okay, guys. So you can
find all these products in the September issue of Woman’s
Day that is on stands now, or womansday.com. Or you can
click the link in the show notes to get all the information
on these products. Susan, thanks for coming back on. – Thank you so much. – Seriously, it’s so great.
– Thank you. (music) – This was such a fun episode. See, you guys. You can love trends but still be wise with your money. Now, it seems like it’s
always a trend to spend money, so I’ve created a challenge for you, and I’m calling it the She Works Hard Saving Money Challenge. This challenge is all
about not spending money. So for 15 days, I’m challenging you to pause your spending on
nonessential items. So for this challenge,
you can spend your money on things like food, rent or
your mortgage, transportation, debt, or prior commitments. But
you can’t spend your money on things like clothes,
eating out, movies, coffee, haircuts, kids activities. So click the link in the
show notes to get started, and I can’t wait to hear
what you guys think about it. Well, thank you guys so much
for watching this episode. If you’ve not yet, make sure
to subscribe to my podcast where you can see really
fun bonus material. And subscribe to this YouTube
channel if you haven’t already. And as always, be sure to
take control of your money and create a life you love.