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Saying “Thank You” Does Not Have to Break the Bank

It’s the season of giving thanks for family and friends, but what about the people in our lives that provide services that make our lives easier?

Maybe it’s the babysitter you can call at the last minute who is always there or the barista that knows your name and exactly how you like your coffee. For these special people, a holiday tip is a great way to thank them for the exceptional service they have provided to you throughout the year.

Determine Your Budget

Deciding which service providers to include and how much to tip can be a daunting task. Keep in mind there are no hard and fast rules about holiday tipping. You need to consider your financial situation and set up a budget for the total amount you can allocate for holiday tipping. After all, you want this to be the season of giving not the season of accumulating debt.

Who to Tip

After you set up your budget, think about who you want to tip. These should be people in your life that have gone above and beyond.  As a general rule, you tip the people who rely on tips throughout the year versus salaried employees. The length of time and the frequency in which you have received the services can also help you determine who to add or cut from your list.

Give Back

With your list of special folks in hand, begin dividing up the funds you have allocated for your holiday tipping. Don’t fret if your funds seem tight. There are other ways to say thank you besides giving cash.  Thank you notes and homemade holiday treats are always appreciated. You can also pool your money with others for joint gifts for teachers or provide a basket of goodies for groups of people instead of individualized gifts for each person.


The information voiced in this material is for general information and is not intended to provide specific advice or recommendations for any individual.