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The Ultimate Guide to Tipping People

The Ultimate Guide to Tipping People

As a former server in many different types of restaurants, I remember the days when my only source of income was tips. OK, I did get a little paycheck, but at $2 an hour for a server, it didn’t amount to much. Tipping isn’t about bestowing generosity on a person, it’s about being grateful for their service. Whether they cleaned your hotel room — including those nasty hairs in the shower (yeah, I’ve done that job too) — or brought you your meal four times because it was never done just how you like it, it’s important to show your gratitude for it.

Now, because I’ve worked service jobs before and was very, very good at it, I also tend to be very discriminating about the servers I get at restaurants. If you’re going to ignore me or forget stuff, I’ll likely let you know with my scanty tip, but I’ll tell you why. However, if you work hard or are obviously the go-to person for everyone else, you’ll get a very nice tip from me.

As a general rule, don’t ever go lower than the average recommended tip amount. Even if the service is bad, but not nonexistent, you should never tip below that amount. Even the worst newspaper reporters get a basic wage to live on and so should servers. If you received your food, even if the guy who brought it was snotty to you, you should still tip him the bare minimum.

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Not sure if you should tip? Always err on the side of tipping. If you’re wrong, at least you made the effort to show your appreciation.

Bartenders

Bartending is not as easy as it looks, especially when you have a lot of thirsty people wanting strange and innovative new drinks! Generally speaking, bartenders should get 15 to 20 percent of the tab, or 50 cents per soft drink and at least $1 per alcoholic drink. This is true even at your sister’s open bar wedding reception.

Waitstaff

Waitstaff are likely the most underrated, hardest working people in the service industry. And I don’t say that just because I used to wait tables. In addition to only making the bare server minimum, servers are expected to clean restaurant bathrooms, make the salads, clean most of the appliances in the server station, mop restaurant floors, wipe down the tables and do many other chores. And that’s at the minimum server rate, which in most states is about $3 an hour. No tips for that work. Is your restaurant nice and clean? Thank a server. Is your silverware polished and the glassware without spots? Thank a server. Servers should get at least 15 percent of the bill. And if you bring a lot of kids who make a big mess (which I usually do) leave more (which I also usually do).

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Restaurant Host

You are not obligated to tip the maitre d’ or host at a restaurant unless they’ve gone above and beyond for you in getting you a table. If you’ve come in without a reservation or didn’t want the table by the bathroom and they found you another, you can tip them $10 or $20.

Delivery Drivers

For basic service, tip about 10 to 15 percent of the bill. If the delivery was heavy or complicated, it’s nice to tip the extra service accordingly.

Tipping Jars

It’s sits there, looking at you at your local coffee shop or take out place. The tip jar. In an old Seinfeld episode, one of the main characters is wracked over the tip jar, hoping that the person from whom he orders food will see that he’s placed a good tip in the jar — and then, of course, is caught with his hand in the jar when he tries to retrieve the bill so he can be seen placing it in there again. Don’t let a tip jar throw you for a loop. If you just ordered a small cup of coffee and you can spare it, put some of your change in the jar. But you are under no obligation to do so. If you feel like the service is exemplary, tip at your own comfort level.

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Valets, Doorpersons and Bellhops

Generally, valets receive $2 to $5 when the car is brought back to you. Doorpersons get a few dollars for extra — or consistent — service, like hailing a cab, helping you to the car, that sort of thing. Bellhops get a dollar or two per bag, as do Skycaps at the airport.

Taxi Drivers

Assume 15 percent for most taxi drivers and an extra $1 or $2 per bag if they help you. This also goes for limo drivers and bus or shuttle drivers if they help you with your bags.

Salon Workers

Whether they fix your hair, nails or give you a massage, tip those in the salon about 15 to 20 percent of the total bill.

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Hotel Concierge and Room Cleaners

The concierge, if he or she has been very helpful to you, should receive around $20 when you leave. If you stay longer than a few days, this can increase accordingly. Room cleaners should get a few dollars a day as well, depending on just how messy you are. Remember, if you have kids — or teenagers — you may want to leave more in appreciation for not making you clean up after them.

Remember, when in doubt, offer a tip and if you’re not sure how much, always err on the side of a little too much, especially if service was good. Nothing hurts a waiter or other service worker more than knowing they went above and beyond and weren’t appreciated for the effort. However, if you can’t spend more — leave a little note and tell them. This way they won’t feel hostile and will likely understand.

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Last Updated on January 2, 2019

How Personal Finance Software Helps You Get More Out of Your Money

How Personal Finance Software Helps You Get More Out of Your Money

Do you know what mental health experts point to as the biggest cause of stress in the United States today? If you said “money,” then ding, ding, we have a winner!

Three out of four adults today report feeling stressed out about money at least part of the time. People are either worried about not having enough money or whether they’re putting the money they do have to use in the best possible way.

Your money is either in charge of you or you’re in charge of it, there’s no middle ground. Using some type of personal finance software can help alleviate some of that money stress and better allow you to manage your money effectively. Without it, you may just be setting yourself up for constant financial worry. Life is already tough enough and there’s no need to make it more difficult by simply hoping your money issues will all work out in your favor. Hint: they won’t.

This guide will help you to understand how personal finance software can better assist with both accomplishing long term financial goals and managing day-to-day aspects of life.

Whether it’s tracking the savings plan for your child’s college fund or making sure you won’t be in the red with the month’s grocery budget, personal finance software keeps all this information in one convenient place.

What Exactly is Personal Finance Software?

Think of it like the dashboard in your car. You have a speedometer to tell you how fast you’re going, an odometer to tell you how far you’ve traveled, and then other gauges to tell you things like how much gas is in the tank and your engine temperature. Personal finance software is essentially the same thing for your money.

When you install this software on your computer, tablet, or smartphone, it helps to track your money — how much is going in, how much is going out, and its growth. Most personal finance software programs will display your budget, spending, investments, bills, savings accounts, and even retirement plans, levels of debt, and credit score.

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How It Leads to Financial Improvement

It shouldn’t come as a surprise, but people who regularly monitor their finances end up wealthier than those who don’t. When you were a kid, keeping track of all of your money in a porcelain piggy bank was pretty easy. As we get older, though, our money becomes spread out across things like car payments, mortgages, retirement funds, taxes, and other investments and debts. All of these things make keeping track of our money a lot more complicated.

Some types of personal finance software can help make things a little less complicated, setting you up to meet financial goals and taking away some of the stress associated with money.

Even if you already have a Certified Financial Planner (CFP) some type of personal finance software can be of great benefit. Whereas CFPs focus on the big picture of your money, they don’t handle the day-to-day aspects that determine your overall financial health.

It’s also not nearly as complicated as you might think and can take out a lot of the tedium that comes with doing everything on an Excel spreadsheet or with a pad and pencil.

Types of Personal Finance Software

When it comes to personal finance software, it generally fits into two categories: tax preparation and money management.

Tax preparation software such as Turbo Tax and H&R Block’s software can help with everything from filing income taxes to IRS rules and regulations and even estate plans. Plus, there’s the benefit of filing online and getting your refund check a lot faster than if you were to mail off your forms after waiting in line at the post office.

For the purpose of this article, however, will be focusing more on the personal finance software that aids with money management.

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Money management personal finance software will help you to see the health of your cash flow, pay down debt, forecast for expenses and savings, track investments, pay bills, and do a host of other things that 30 years ago would have practically required a team of accountants.

When to Use Personal Finance Software

So far we’ve gone over what exactly personal finance software is and how it can be a benefit to your money. The next logical step in this whole equation is determining when it should be used and how is the best way to go about getting started using it.

Below are four of the most common and practical ways to use personal finance software. If all or any of these apply to you and your money, then downloading some type of personal finance software is going to be a smart move.

1. You Have Multiple Accounts

There’s a good chance that when it comes to your money, it’s in more than one place. Sure, you probably have a checking account, but you may also have a savings account, money market account, and retirement accounts such as an IRA or 401k.

If you’re like the average American, you probably have two to three credit cards as well. Fifty percent of Americans also don’t have loyalty to just one bank and spread their money across multiple banks.

Rather than spending hours typing in every detail of every account you have into a spreadsheet, many programs allow you to easily import your account information. This will help to eliminate any mistakes and give you a bird’s eye view of everything at once.

2. You Want to Automate Some or All of Your Payments

Please don’t say that you’re still writing out paper checks and dropping each bill in the mailbox. While it’s noble that you’re doing your part to keep postal workers employed, we’re 18 years into the 21st century and you can literally pay every bill online now.

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There’s no need to log into every account you have and type in your routing number either.

With personal finance software you can schedule automatic payments and transfers between all of your imported accounts. Automatic transfers will help to make sure you have the necessary funds in the right account to ensure all bills are paid on the appropriate date. Late fees are annoying and do nothing but cost you money. It’s time that you said goodbye to them once and for all.

3. You Need to Streamline Your Budget

Perhaps the best feature of personal finance software is that it allows you track everything going in and out of your virtual wallet.

Nearly every brand of personal finance software out there has easy-to-read graphs and charts that allow you track every cent you spend or earn, should you choose. You might be pretty amazed when you see just how much you spent on eating out last month or if you splurged a little more than you should have on Christmas gifts last year.

Every successful business on the planet has a budget and using personal finance software can help you trim the fat on your spending in ways that affect your everyday life.

4. You Have Specific Goals to Meet

Maybe it’s paying off debt or saving for up something like a European vacation. Whatever your financial goal is, whether it’s long-term or short-term, personal finance software programs are one of the savviest ways to go about reaching those goals.

You can do everything from set spending alerts to notify you when you’re over budget to automating what percentage of your paycheck goes to things like retirement investments. The personal finance software that you choose should show you exactly how close you are to hitting those goals at any given time.

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How to Get Started

From AceMoney to Mint and Quicken, there ’s no shortage of personal finance software apps out there. Many of these programs are free to download and will allow you to pay bills, invest, monitor your net worth and credit profile, and even get a loan with the swipe of a finger.

Other programs may only offer you limited services and will require a one-time fee or subscription to unlock all that they offer. These fees can often vary from as little as two dollars to 50 bucks a month.

It’s best to start off with the free version and then gauge whether you’re able to accomplish everything you’d like or if it’s worth exploring one of the paid options. Often times the subscription programs come with assistance from financial planning and investment experts — so that can be a real benefit.

When deciding which personal finance software program to use, it’s also important to look at how many accounts you wish to monitor. Certain programs limit the number of accounts you can add. Be sure that if you have checking, credit card, and investment accounts to monitor, that you choose a service that can monitor them all.

Finally, when looking around for the right personal finance software that meets your needs, make sure that you’re comfortable with the program’s interface. It shouldn’t be expected that you recognize every single feature instantly, but if the features don’t seem readable and manageable to you, then you’re not as likely to use it and get the full benefits.

Final Thoughts

Personal finance software can go a long way in helping you to take control of your money and meeting your financial goals. It’s important to note, however, that some focus more on budgeting and expense tracking while others prioritize investing portfolios and income taxes. Explore several different programs and read reviews to find the one that’s right for you.

In this day and age, managing one’s personal finances in a secure manner that allows the user to have a real-time visual representation of their money is easier than ever before. With the numerous applications that are out there — both free and subscription-based — there’s no reason that every person can’t take control of their money and ensure they’re making smart money moves.

Featured photo credit: rawpixel via unsplash.com

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