Holiday Tipping Guide

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FROM YOUR HAIRSTYLIST TO YOUR HOUSEKEEPER... YOUR DAYCARE PROVIDER TO YOUR DOG WALKER... THESE PEOPLE MAKE OUR LIVES EASIER ALL YEAR ROUND! DURING THE HOLIDAY SEASON, WE WANT TO SAY A SPECIAL THANK YOU WITH A SPECIAL TIP. BUT WHO GETS A HOLIDAY TIP AND HOW MUCH?


Q: WHO SHOULD WE TIP THIS TIME OF YEAR AND HOW MUCH?

● It depends on how often you use the service and how long you’ve been a client.

● Sometimes, it’s best to give cash. There are other times when a small gift is just as appropriate.

● With a little creativity, you can show gratitude to everyone on your list without blowing your budget.

Child Care/Nannies

● You should tip your regular babysitter up to one evening’s pay and a small gift from your child. This doesn't have to cost money- a handmade gift from your child can be even more valuable! (Source if you choose to use fact: The Emily Post Institute)

● A daycare provider should receive $25-$70 and a small gift from your child. (Source if you choose to use: CNN Money)

● Your child’s teacher would also appreciate a small gift or even better, a gift card. But it’s a good idea to check with the school’s policy to be sure it’s okay.

Beauty/Personal Care

● Massage therapists, hair stylists and manicurists you see year-round should receive an extra tip during the holiday season. The tip should equal the cost of your service, depending on how frequently you rely on that person. (Source if you choose to use: CNN Money)

● During the rest of the year, you should tip these people anywhere from 15% to 20%.

● If you like your hair stylist, go for the 20%...you never know when you might need a last minute appointment, and that could help you.

Delivery Services

● Your UPS or FedEx driver should get $15-$25 dollars, depending on how often you get packages delivered. (Source if you choose to use: CNN Money)

● The newspaper carrier’s tip should be $5-$25, depending on how often you get the paper.

● By law, U.S. Postal Service mail carriers cannot accept cash, checks or gift cards.

● But you can give your mail carrier a small gift, snack or beverage that costs less than $20. (Source if you choose to use: The Emily Post Institute)

Restaurants

● If you’re feeling generous this time of year, go ahead and tip your waiter or waitress 20-25%.

● During the rest of the year, you should tip between 15% and 20% at any restaurant.

● If you’re eating a local diner where a meal is inexpensive, you might consider a generous tip. A 40% tip on a $10 meal would only make your bill $14 and you’d make your server’s day.

Q: WHO AREN’T WE TIPPING THAT WE SHOULD BE?

● When figuring out holiday tips, don’t forget your regular dog groomer or dog walker, the doorman at your apartment or condo building, your regular mechanic or handyman… even your trash collector and gardener all appreciate an extra tip or gift this time of year.

● The big box store clerk deserves a tip if they carry a large item like a big screen tv or a treadmill to your car. The clerk averages about $10 an hour, so a $10 tip would surely make their day.

● The purpose of holiday tipping is to reward good service and say "thank you" If money is tight, you can always give homemade goods with a handwritten thank-you note.

Q: WHAT ELSE SHOULD WE KNOW ABOUT TIPPING?

● While it’s great to be generous, remember to figure holiday spending into your overall financial plan so that you don’t regret your choices in January.

● If you’re looking to save money this time of year, consider ordering takeout from a restaurant instead of dining in.

● When you plan a vacation, be sure to plan for tipping in your travel budget. Between hotel staff and dining out, you’re likely to tip often and you want to have a plan of how to pay for those tips.

About Brett and John

Brett Gottlieb is the founder of Comprehensive Advisor and a financial advisor with nearly two decades of industry experience. He graduated from California State University-Chico with two bachelor’s degrees in Business Administration and Economics. Brett is Life Insurance licensed in several states.

John Mc Kean, financial advisor, joined Comprehensive Advisor in 2016. He has been in the financial services and retirement planning industry for over six years. John is Life Insurance licensed in California.

Brett and John previously worked as a Registered Representatives with Securities America, one of the largest independent broker/dealers in the country, and currently offer advisory services through Legacy Road, LLC, a Registered Investment Advisor. Both are passionate about educating clients on retirement planning. They take a common-sense approach to the planning process and work with clients to create a retirement road map to help ensure their assets are protected and they receive the income needed to enjoy their future. Based in Carlsbad, California, they work with clients throughout San Diego County. Learn more by connecting with Brett on LinkedIn or email them at info@ComprehensiveAdvisor.com.

Advisory services offered through Legacy Road, LLC, a Registered Investment Advisor.

Brett Gottlieb, Investment Advisor Representative. California Insurance License #0C68886. John Mc Kean, Investment Advisor Representative. California Insurance License #0K37445. Comprehensive Advisor and Legacy Road, LLC are not affiliated.

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