9 Rules for Holiday Tipping

9 Rules for Holiday Tipping
© Danny Johnston/AP Photo Woman holding one dollar bills.

Ring ring-a-ling, ring ring-a-ling. It’s that time again. Time to wonder how much to spend on a holiday gift for your kindergartener’s teacher and how much to tip the garbage man … and the mail carrier, your hairdresser and a half dozen others or more who make your life sweeter and easier through the year.

In the video below, Money Talks News founder Stacy Johnson tells how to give some holiday love to those who care for us all year long, and how to do it without nuking your budget.

After you’ve watched, keep reading for nine rules about holiday tipping.

Holiday tipping seems to be on the rise. About 69 percent of 1,300 people surveyed by Care.com (an online marketplace for family care services) say they give holiday tips. The issue is, to whom, how much, and with what, should you tip or gift?

1. Spread the wealth

 

“If money is tight, figure out how much you can afford to spend and allocate it accordingly among the providers on your list,” Lizzie Post, co-host of the Awesome Etiquette podcast,tells CNBC.

Here’s how to tip affordably:

  • Decide what you can afford to spend on tips and gifts.
  • List everyone you want to tip or gift.
  • Prioritize the people on your list.
  • Allocate how much to spend on each tip or gift.
  • Stop when you’ve hit your budgeted limit.
  • Plan how to thank those remaining without using money.

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Source – MoneyTalksNews | Marilyn Lewis

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