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‘Tis The Season To Be Tipping!

Why is giving the right tip such a moral dilemma? Year after year, we are faced with the same problem, yet most of us have different solutions every year. Was this a good year for me? Was this a bad year for me? Do I like this person less? Do I like this person more? It’s enough internal dialogue to make you think you were front row for your own Woody Allen movie. My mother was a fifth-grade school teacher for her entire career. We had many laughs over the gifts Mom got from kids in her class (which is why I guess they stopped this tradition). Your Smart Money Moves has prepared a holiday tipping guide for you this holiday season. First things first, you need to assess a few things before you decide what to tip. Your relationship matters. You should consider how long you have known the person, the quality of the service, and the frequency of ...

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How Much Should You Be Tipping?

There was an excellent story written a few years ago interviewing Michael Lynn, who had written more than 50 papers on tipping.  In his excerpts (source: PBS) he said there are five basic motives for tipping. Some people tip to show off. Some people tip to help the server, to supplement their income and make them happy. Some people tip to get future service. And then other people tip to avoid disapproval: You don’t want the server to think badly of you. And some people tip out of a sense of duty. There are people who tip to reward servers for service. If the server does a great job, I want to express my gratitude so that is another motivation for tipping. But how strong is that motivation? My research suggests it’s not terribly strong. I find the relationship is so weak that it would be wrong to use tipping as a measure of service quality. People often say that’s ...

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Holiday Tipping Guide

Topic: Holiday Tipping Guide Taped 12/8/15 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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