The Pink Tax: What it is & How to Avoid it

Whether or not you have heard of the pink tax, we can nearly guarantee you've encountered it in some way! On this episode we take a broad look at what the pink tax is, the various products and services most susceptible, and how to avoid paying extra unnecessarily.Sponsors: Whether you’re new to budgeting or trying to reach a big financial goal and need something to motivate you, you’ll enjoy The Frugal Friends Workbook. It’s a digital workbook with 6 week-long challenges that will help you save money, simplify your life, improve money conversations, and more. It’s over 60 pages and can be completed on your own but it’s created to be gone through in pairs or small groups that’s why every purchase comes with two downloads so you can share or split the cost. Head to Frugalfriendspodcast.com/workbook to learn more and use the code TACOBELL all one word to get $10 off the regular price.Frugal Friends Workbook. Notable Notes:What the Internet has to say:This article from Bankrate explains the pink tax and some common products and services that cost more for womenWhat Jen + Jill have to say:The pink tax is "a system of discriminatory pricing on products and services that is based on gender" and costs the average woman $1,300 a year while impacting all aspects of daily life from shopping to dry cleaningWhat can be done?:More from the InternetThis article from The Simple Dollar gives us a few key ways to avoid the pink tax.More from Jen + Jill:1. Research the brands you purchase2. Consider unisex products3. Support companies ‘taking a stand’4. Be a part of eliminating the pink tax5. Support legislation to stop the pink tax6. Take advantage of credit card rewards - find ones that reward you for the things you purchase oftenThank you Rachel from Kansas for sharing your hospital bill from your birth and how you called to correct an error and saved $2000!!BILL OF THE WEEK - frugalfriendspodcast.com/billIf you want to submit your bill of the week visit to leave us a bill: An investing platform that makes investing in high-quality, high-potential real estate as easy as investing in mutual funds. Their team of real estate professionals carefully vets and actively manages all of their real estate projects. And makes it easy to track your portfolio’s performance and watch as properties across the country are acquired, improved, and operated via asset updates. So if you want to add real estate to your portfolio visit fundrise.com/frugal to get your first NINETY days of advisory fees waived and start building your better portfolio with Fundrise today!FundRiseLightning RoundPersonal Pink Tax Experiences- I certainly see how I save more money having a son - so many additional products are geared towards little girlsJenWhen working at a group home I was unable to take a teenage girl to the barber for a $10 haircut and instead had to take her to the salon for a $45 hair cutJill- Wrap-up:Thanks so much for listening! Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to [email protected]. AND share our most recent episode on social for a chance to win a copy of the Frugal Friends Workbook!Thanks for listening! See you next week!See omnystudio.com/listener for privacy information.