Finance Tip: How do you tip?

So leaving a tip is actually a big deal in U.S. culture. It is pretty much everywhere you go now, if not on the screen you pay at then there is a jar on the counter. Tipping isn’t a bad thing, many people make ends meet by living off tips. My son delivers pizza as he gets through college, he comes home with 50-150 cash depending on the days he works just in tips. Now that nearly every transaction can be done digitally? You are prompted to tip more.

Quick example: My son who delivers pizza when the order comes in it can come in via phone or online. The customer can leave a tip prior to delivery. Often he’s getting 20% tip on the order before the food has been prepared, or he has delivered it because they ordered it online. Again tipping isn’t a bad thing but 20% up front? This is more and more prevalent and if you are interested in your personal finance +20% cost on your dinning purchases can add up fast. So how do you determine what to tip and when to tip? I have a pretty basic rule of thumb, if someone delivers something to me at home or to a table I am sitting at I will leave a tip. If I have to go obtain the item myself I do not leave a tip. I am not cheap I normally tip 15-25% it really depends on the level of service and the attitude of the person I am tipping.

Will they be asking for Bitcoin tips in 2050?

Really be mindful here because excessive tipping can add up quickly. Are you always dropping your change in the tip cup at Starbucks? Are you prepaying your tip before you receive service? Are you letting the Ipay pay screen steer you towards a higher than average tip? It’s important to reward great service that’s what a tip is for. Sadly, the hospitality industry has chosen to take advantage of the generosity of people who tip and pay staff less.

The theory is staff will “make it up” via tips. I think it should be opposite, I think you should get a tip if you perform a great service and it’s like a small bonus for your hard work. Culturally I don’t see this changing anytime soon in the U.S. but what can change is your personal approach. Remember it’s your money, tipping isn’t mandatory (in most cases) and tipping before you’ve been served isn’t wise, the person might not deserve it.

Thanks for coming by and supporting my blog I really appreciate it. Want to see another post like this one? Click here.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.