Subscribe to our free weekly newsletter by entering your email address below.
Tipping someone for the service they are providing is meant to be a token of appreciation for a job well done. However, every time you turn around, there are tip jars making it very confusing as to when you should tip and how much. Listen to today’s show for our insights and experiences as someone handing out the tips as well as the perspective of one who has worked to increase their tips in the service industry.
Today’s show was inspired by our fellow Atlanta-based podcasters at HowStuffWorks. We loved the data they found surrounding the history of tipping and the psychology behind why people tip and how much they tip.
The history of tipping: One theory holds that in the 17th century, the word was used as a verb to mean “hand it over” or “to give.” Another theory is that tip is thought to be an acronym for “to insure promptness,” with its origins in 16th-century English coffeehouses.
How much to tip: Proper tipping amounts seem to be changing constantly. Below are some guidelines for when and how much you should tip.
-Owners of an establishment
-Food deliveries under $30
-Airline flight attendants
-Bussers in restaurants
-Hotel desk clerks
-Bus drivers
-Theater ushers
-Museum guides
-Salespeople
-Employees at fast food restaurants
If you guys have any good stories about a tipping experience (whether you were the tipper or the tipee), please leave us a comment below or post on our Facebook wall!
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and…
View ResourceTax Guide 2024
Updated for 2024! Ever wonder what the highly trained professionals use to tax plan? Wonder no more! We’ve assembled the…
View ResourceGot An Old 401(k)?
Deciding what to do with your old 401(k) can be a pain. We're here to make it easy.
View ResourceIs a High Yield Savings Account Still the Best Place to Keep an Emergency Fund?
Read MoreAre We Financial Misers for Investing 60% of Income in Your Mid-20s?
Read MoreIs Cash Now Trash Again? Federal Reserve Signals Intent to Lower Rates
Read MoreHow about more sense and more money?
Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.
It's like finding some change in the couch cushions.
Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.
Subscribe to our free weekly newsletter by entering your email address below.