hi, everyone, welcome to "on the money." i'm kelly evans in for becky quick. how companies are rewriting the rules for the way america works and why it might pay off for you. saving for retirement, what the trump years may mean for your plan. if you think the best deals are gone with the holidays, think again, why january may be the best time year to shop. joining a gym doesn't have to cost an arm and leg. plus, take egg plunge, the border patrol is looking for a few good men and women. kate rogers found out what it takes. >> give to them harder. now throw him. >> "on the money" starts right now. >> this is "on the money", your money, your life, your future.

>> we begin with your job, 9:00 to 5:00, 8:00 to 6:00 and commuting to the office are so yesterday. more and more are offering flexible schedules and ability to work from home. those new work perks are our cover story. >> 2017 may be the year of the worker. in order to attract employees, 80% of all companies now offer flexible work arrangements. technology is helping that trend, allowing people to work remotely from almost anywhere, working part-time or flex time, the ability to set some of your work schedule. that is a boom for working parents. 56% say balancing work and family is a challenge and

41% of working moms say being a parent has made it harder to advance their career. offering workers flexible can cost less than raises or even salary. 58% would give up $1 per hour to work from home and 82% would give $1 per hour to set their own hours. real estate and pharmaceutical and education are just some of the industries now offering flexible jobs with more businesses to follow. by 2020, it's expected 50% of all u.s. employees will work remotely. here to talk about the growing trend that is disrupting the traditional workforce, the founder and ceo of flex jobs. it's an online job posting board for people seeking flexible jobs. thanks for being here. >> thank you so much for having me. >> flexibility can benefit the employee but what about the company? why should they be doing this? >> companies should be looking at this for a lot of different reasons. there are many benefits, starting with costs such as real estate and overahead. as well as recruiting which you mentioned. recruiting you can access a

whole new pool of candidates and offer them the most desired benefits, work flexibility. >> who's looking for these jobs, millennials, young parents, older workers? >> certainly working moms are kind of most visible but it's a misconception that's the only audience interested. we talk about working moms and dads and people with health issues who are care taking people with health issues or live in rural or depressed economies and military spouses people who want to travel, freelancers and certainly millennials. >> sounds like a huge section of people. why has it taken so long for industries to evolve in this way and why do you think there have been so many hold outs? >> i think it is getting adopted by more and more companies. some reasons are there are more visibility with leaders such as richard branson and 80% of companies are offering work flexibility. >> any down sides for people --

this might sound like the greatest gig ever, is the reality more difficult when you're trying to work and being at home and care for somebody. >> the down sides for this are minimal. the biggest risk for employers when they do it as casual flex term, where they are not really implementing and formalizing the policy and it can breed distrust and jealousy, et cetera. i would say boundaries for people who are doing work flexibility have to be clear that if matching up with their paying attention to their lives and work and not letting them creep into each other. those are big issue and communication is the last one. focus on proactive communication and good management practices. >> that's true no matter what you're talking about. does this convenience come at a price? do you think people will have to maybe take the salary cut or forego benefits to get this one? >> on average we don't see a big difference between salary or benefits for flexible workers

and on site workers. really i think we talk to job seekers regularly who found jobs that pay more and have better benefits and you consider people who live in rural economies and aren't able to find jobs. >> they might be able to find somebody in a better economy and work there instead of being stuck at home? >> absolutely. one of the benefits for employers to hire flexible workers to find candidates in other locations, a new york company would have to pay a higher cost of living than somebody in kansas and it's a win-win for both. they have the pay and benefits. >> there's a big change under way. thanks for joining us. >> thank you so much. one job that may not have a whole lot of flexibility on the border. the u.s. custom and border

protection has 1700 open positions and looking for new recruits. the job is demanding and dangerous. kate rogers spent the day in new mexico and found out firsthand about the rigorous training all new hires go through. >> think you've got what it takes to become a border patrol agent? at the border patrol academy trainees are showing they are up for the challenge, focusing on the complexity and dangers of the job. >> when they have to save their lives to save someone's life or save their partner's life, we want them to get it right. >> trainees learn law and how to process legal and undocumented border crossers and go through rigorous fitness training and learn spanish to be fluent by the time they graduate and train for driving off road to be ready for the southern border's harsh terrain. they also get combat training. >> extend the right hand to the neck. give it to him harder. harder. harder. know throw him. >> and have to be ready to fight in the dark. >> good. good. now go to your right, step back,

excellent. >> reporter: water safety is also a must, including climbing jacob's ladder. dangling 25 feet in the air and being ready to take the plunge. now if you do make it past that 117-day training academy, you'll be stationed at one of the agency's 20 sectors nationwide starting pay is around $50,000 and they do begin receiving that pay while they are still training at the academy. back over to you. >> kate, thank you. that was intense. up next, we're "on the money." what does the trump administration mean for your retirement savings. we'll find out if you should change your money plan over the next four years. and later just because the holiday season is over it doesn't mean the deals are done. where to find the biggest sales for january and now a look at how the stock market ended the week.

now here's what's making news as we head into a new week on the money. a solid jobs report for the month of december though hiring slowed down a bit. the economy created 156,000 new jobs and unemployment 4.7% as more people entered the labor force and wages increased. a sign of the tightening job market. the nasdaq set a new record this week. stocks got off to a strong start in the new year. the dow up triple digits on tuesday and fell with weakness in the financial sector. markets continued to climb on friday. u.s. auto sales reached a new high last year, 17.55 million vehicles were sold in america in 2016, a little bit higher than the previous record in 2015.

and $900 million is a lot to pay for some tools, but maybe not too much when it comes to sears iconic craftsman brand. stanley black & decker is buying the number, but you'll still be able to get tools at sears stores. >> since the election markets have been in a big rally with the change, should you be changing the way you're saving for retirement? chief investment strategist at capital management. let's begin with the dow 20,000 mark is it really a big deal, important level? >> it's another milestone that's a bit of a positive. but i don't think it's nearly as important. i think the more fundamentals going on are much more important than breaking the 20,000 barrier. hopefully we'll do it soon and move on. >> the dow is up 9% since the election, nasdaq did hit a new record this week. what do you think what happens when president-elect trump

becomes president trump? >> i think had had to do with the trump presidency and change up at the top but most had to do with really good improvement in the fundamentals, we spent the better last couple of years growing real gdp below 2% and that's popped up to over 3% in the third quarter and looking to do well in the fourth. better growth abroad around more parts of the world, touching many different economies, manufacturing which has picked up in the last half of last year. i think a number of things are coming together, including the fact that we've got a more pro-biz president, promising less regulation and changed taxes adding to the excitement. >> should you change your retirement savings plan for the new administration?

>> i don't know if i make big changes on the new add understand but you might consider some new changes where we are in in recovery. we're back at full employment and the rest will be more inflationary, more upward trend of interest rates and more the fed is tightening rather than easing. i would maybe reduce my bond exposure a little bit and have a little bit more in equities here and maybe look in the equity market more away from the united states international markets and emerging markets as opposed to here. might even look at maybe adding a little real assets to your portfolio a little bit for the balance of this recovery. >> there are some ideas. thanks so much. >> thanks for having me. >> jim paulson joining us today. up next, we're on the money, spending less an saving more a new year's resolution? a step by step plan to help you create a budget and stick to it. if you're running on empty when it comes to getting in shape, this could be the right time of year to find a gym and why you might want to think tech when you think fit.

is getting your finances under control one of your goals for the new year? building a better budget isn't just about saving more, it's also about spending less. joining us now with a step by step plan is personal finance expert. >> thank you for having me. >> what's considered the perfect time for creating a budget? >> start with housing, typically everyone's biggest expense, no more than 30%.

that includes your mortgage or your rent and if you own, utilities and your insurance and your real estate taxes, a lot to jam pack in, keep that at that threshold because you have a lot more to spend on and if you have debt, that's the next category we see a lot of people dedicating much of their budget to with student loans and credit cards, 15% is a good benchmark. we'll talk later if you have more than that what to do. >> that's what i was going to ask. let's get right to it. for a lot of people, whether student lones or credit cards, probably the main thing to figure out, how do you get that down? >> if you have credit cards that you're having a tough time making the minimum payments, consider transferring that to a zero percent apr credit card that can give you interest relief for at least 12 to 15 months. you're not paying interest but

you have to be mindful of zero percent deadline before the interest rate jumps back up. maybe you need to work with a credit counselor or money management international, both really strong non-profits, first meeting is free. if you've got those student loans, remember, federal and private loans usually cannot be consolidated together, but if you have federal loans and they are keeping you up at night, see if you can qualify for income based repayment, no more than 10 to 15% of your take-home pay and look at private refinancing options for private loans and sofi will let you combine those private and federal loans if you qualify, get a lower interest rate and reduce the monthly payments. >> what are some ways to generally find ways in your budget to lower the amount of money you're spending and free it up to put towards other things. >> how do you find those leaks? i like my latte. i'm not giving up my latte but the big things add up like your car insurance and home insurance and negotiating routinely with

insurers may save you a few hundred bucks a year, maybe more depending upon your premiums. look where you're living. can you maybe rent a room out or move or negotiate with your landlord, refinance your mortgage before rates jump up, who knows when, then there are those small leaks, we have spending inertia that builds up, we sign up for subscriptions, netflix, gym membership and at the time we're all in. then life changes, our pace changes and time changes. every few months, revisit those sort of recurring auto mated expenses to make sure they make sense. if not, shut them off. >> i think i have to do some reviewing of our own. if you want to get physically fit and not just fiscally fit, we have the hottest new trends in gyms. think big and think small. the holidays may be over but there are still sales to be had and we'll have the best bargains

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make the call! for more on our show and guests, go to our website, otm.cnbc.com and follow us on at twitter @on the money. here are stories that may impact your money this week. the north american international auto show kicks off in detroit and marks the tenth anniversary of the iphone. it was ten years ago that steve jobs introduced apple to the cell phone world.

on tuesday president obama will make his farewell address from his hometown of chicago and we'll hear from president-elect trump scheduled to hold his first news conference since the election. on friday we'll look at how retailers did last month with the retail sales numbers. if you're worried you missed out on great deals from black friday and holidays, there are still deals to be had in january. joining us to tell us about the best bargains is retail expert trey boj. >> let's start with the best buys this month. >> i would say white sales, going on since the 1800s and so stores are really offering great deals on things and other related items, wayfair, macy's overstock will be having really deep discounts and cash back site splend or is increasing offerings to save even more. >> wow, we also know fitness resolutions, those things to look and feel good come january.

are they jumping on that trend? >> if you think anything in the new year, new year, fitness apparel, sneakers and beauty products as well. you'll find deals at dick's and bowflex and for beauty places like ulta, sephora, 40% or more. >> electronics, we know it's a huge deal of these black friday then during the holidays, can if you missed out, can you still get a good deal now? >> up until the super bowl you can on those hdtvs. we're seeing discounts in walmart, best buy, new egg, look for very deep discounts there especially in the newer technology. great day to save right now through super bowl but after the super bowl you may want to hold off on buying a new tv for a while. >> super bowl helps define that season. makes sense. >> yes. >> real quickly, iphone came out, iphone 7, it doesn't have the traditional headphones jack. are these wireless head phones becoming more popular. >> becoming more popular and

necessity with the new iphone. because the consumer electronics show is right now, you might not find great deal in february in march you can get great deals on wireless head phones, maybe the earlier iteration of a certain model. >> we'll wait until then. buy the head phones after the super bowl. >> i would say so, yes. >> thank you so much. >> thank you. >> as we just mentioned, this might be a good time to look for bargains at the gym. there's a lot to choose from, bu teke fitness studios but big gyms and fitness chains are fighting back. diana takes us in the newest and fastest growing fitness franchises giving boutiques a run for the money. >> reporter: elaine started working out last fall and she is hooked. >> very user friendly. >> hooked on the results and technology that tracks them. >> i'm very competitive so you think you're going to compete with others but you're just you and yourself, which i think is what moves you quicker.

>> the theory behind it is heart rate, monitors track your levels as trainers drive you from the orange zone to red and back to orange again. the orange technology and marketing says ceo david long are a winning mix. >> you've got interval training which burns more calories and you've got the functional training mixed in and mixed in rowing for a power effect on the body and technology supports that. >> lower that heart rate. >> long credits the technology with the company's exponential growth. they have sold 1,000 franchise licenses and boast 570 studios in 41 states and nine countries. >> we'll be growing in 20 international markets every state in the u.s. and we'll probably break 900 locations by the end of '17. orange theory is a class not a full gym but less expensive than most boutique classes.

1$160 dz a month. boutique and tech are the hook and even super discount gyms are buying in. >> we've got really cool features, one including our cardiocinema. called co huze cinema. >> chuze fitness opened in california in 2008. and is now in arizona and colorado. it's growing far more slowly than orange theory but embracing the same boutique feel at $10 a month. >> we've been able to boutique the fitness model within our big box and within our price point. we have zumba, yoga, kick boxing, pilates even barre at some of our locations. >> they even offer a hydromassage relaxation station. there's no question whatever you're looking for big or small, cheap or boutique, the fitness industry is more than ready to give it to you but the competition is fierce and high tech is driving demand. >> we know you can take on rowers there, diana.

do you know what kind of revenue growth these firms are experiencing? >> well, orange theory told us their revenue growth is up over 130% in 2016 and given the growth there you can expect to exceed that this year. it's amazing how fast they are growing. wow. all right, diana. our diana olick. that's the show for today. i'm kelly evans, becky will be back next week. thank you so much for joining us. also next week, how ikea assembled a successful global business. keep it right here we are "on the money." have a great one and we'll see you next weekend.

hey there. did anything happen in the markets today? we're live at the nasdaq market site on this record-setting day. the guys are getting ready for the show. while we're doing that, here's what's coming up. >> it's done. >> yes. it's over now. >> not quite. the dow 20,000 was close, but if you missed it, we've got a way to catch up. plus -- that's what biotech stocks have done this year, but there's still one name you can still buy. we'll explain. and talk about money in the bank. >> take one of those big ve