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Tipping Housekeepers: Whose Responsibility Is It to Pay Hotel Staff?
The prevalence of tipping is simply a fact of society. On several occasions, a friend of mine bemoaned the perceived necessity of tipping a specified amount to restaurant servers while dining out. He would ask the rest of our friends eating together at a restaurant, “When did the expected base tip go from 15 percent to 20 percent?” I’m not concerned so much as when cultural norms like these change, but how they change. Is it regional? Does a trend like this start among a wealthier subset and then trickle down to everyone else?
Reader Question: Where Is My Cash Now?
If you have any questions for me, I encourage you to go ahead an ask. It’s great to hear from readers, whether it’s to ask a question or challenge me on my opinions. The link to contact me is unfortunately now buried at the very bottom of this website, or you can just click here to send me a message. For financial questions where anonymity might be important, particularly if you have a question about your personal situation and would like me to ask the readers, there is an option to send me a message without providing your personal information. This has come in handy with readers many times.
A question I received recently pertained to my savings accounts. Here it is, from reader Mike:
Why Most Millennials Don’t Have Credit Cards
According to a new survey, 63% of Millennials own no credit cards. For this poll, the Millennial generation is defined as those in the United States aged 18 to 29.
The survey, put together by BankRate, attempts to get to the root cause for the lack of penetration of credit cards among this younger demographic, despite the attempts to sell the idea of credit cards to this generation. These attempts mostly come from those older than Millennials. BankRate’s survey points out that each successively older age group is more likely to own multiple credit cards.
7 Essential Money Ideas for College Freshmen
It was a long time ago, but I remember my first few weeks of college. Twenty years ago last month, I left my home state of New Jersey to live on campus at a neighboring state and to pursue my education degree. I had been away from home before for extended periods of time, but attending college was a new hurdle for me.
I was nervous. But before long, I felt at home in my adopted-for-college state and adjusted to the new state of existence well. My financial situation left much to be desired, though, if I had even known that there was something to desire. I had had a bank account for a couple of years, and a few jobs here and there, but I didn’t have much of my own money. My college education was being funded by scholarships, grants, loans, and my parents. At the time, I had no assets to put towards my education, and I think my parents were more interested in seeing me spend my time focus on my studies than on pursuing a job.
The Root Cause of Your Financial Problems and the Source of Your Success
Any person is a product of his or her environment to a significant extent. And because so much of our personality is formed when we are under the age of ten, there’s something to be said for the benefits of being a child within a family situation that has a positive approach to money management — and life beyond just money, but money is the focus of this article.
Naked With Cash: Betsey S, July 2014
Naked With Cash is an ongoing series at Consumerism Commentary in which readers share their households’ finances with other readers. These participants benefit from the accountability that comes from tracking their finances publicly and the feedback of the four expert Certified Financial Planners (CFPs).
Naked With Cash: Laura and Leon, July 2014
Naked With Cash is an ongoing series at Consumerism Commentary in which readers share their households’ finances with other readers. These participants benefit from the accountability that comes from tracking their finances publicly and the feedback of the four expert Certified Financial Planners (CFPs).
Naked With Cash: Jake and Allie, July 2014
Naked With Cash is an ongoing series at Consumerism Commentary in which readers share their households’ finances with other readers. These participants benefit from the accountability that comes from tracking their finances publicly and the feedback of the four expert Certified Financial Planners (CFPs).
Naked With Cash: Jake and Allie, July 2014
Naked With Cash is an ongoing series at Consumerism Commentary in which readers share their households’ finances with other readers. These participants benefit from the accountability that comes from tracking their finances publicly and the feedback of the four expert Certified Financial Planners (CFPs).
Naked With Cash: Brian, July 2014
Naked With Cash is an ongoing series at Consumerism Commentary in which readers share their households’ finances with other readers. These participants benefit from the accountability that comes from tracking their finances publicly and the feedback of the four expert Certified Financial Planners (CFPs).
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