I don't really tend to use my wand much. I keep one in my inventory along with other tools just because they're fun little accessories, but to be honest, I don't really like that they consume the pieces of clothing you use when registering outfits to the wand. I prefer having all of the different clothes in my storage to choose from, so that I have access to any of them in whatever color I want whenever I visit a closet or container. I understand why wands operate as they do, but for the most part it just leads to me having to order additional pieces of clothing for my storage.
The only outfit I've assigned to a wand so far is designed to resemble Donquixote Doflamingo's attire from One Piece, because I saw a bunch of items in the game and thought to myself "Hey, I could probably make that." Indeed, it worked well enough. I'll probably end up assigning more outfits to wands in the future.
As for the one I carry around, it's the Cherry-Blossom Wand. I crafted it and the Bunny Day Wand back around, you guessed it, Bunny Day. I have the recipes for a bunch of the others, though not all of them. I intend to make additional player characters, both for more storage space and to make my history-themed island feel more lively and represented, and I figure that I'll be giving different player characters different wands.