Yahoo Finance Rude Money Habits, Tipping Questions and More Modern Money Etiquette Help for 2024
Let’s face it: Money matters can be tricky. It’s not always easy to know how to split the check when dining with a group of friends or if you really have to pitch in for a coworker’s baby shower gift.
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Making the wrong move can offend friends, family and colleagues, but you also don’t want to spend more than necessary. Here is some guidance on hot-button money issues to ensure you’re always prepared.
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Should Your Venmo Transactions Be Public or Private?
Venmo is a convenient way to send and receive cashless payments with friends and vendors. However, transactions on the app are public by default, meaning anyone on the internet can see the emojis, descriptions and timestamps that accompany each transaction — unless you change your settings to private.
Not sure if you should make your transactions private or keep them public? Keep reading to find out more on this topic and learn how to change your settings to private — if you decide to do so.
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Should You Still Tip When Service Is Bad?
Dining out is a luxury, so when you spend your hard-earned money at a restaurant, you expect great service. Unfortunately, it doesn’t always work that way, and you won’t always get the best service. The Washington Post reported the newest poll from YouGov, which revealed that 51% of people felt it was acceptable not to leave a tip after receiving bad service.
When your server fails to impress, you might be tempted to pay nothing but the balance of your check — i.e., leave no tip — but that might not be the right move. Here’s why you should think twice about stiffing a less-than-amazing server and a few ideas to rectify the situation.
Someone Owe You Money? How To Get It Back Without Ruining the Relationship
Perhaps you lent money to a loved one and you expected to be repaid in a reasonable time period — but that didn’t happen. Now you’re essentially forced to ask them to pay you back or you fear you’ll never see the funds again.
To say this conversation will be awkward is an understatement, so you’re looking for ways to approach the subject without offending the other person. Here are some pointers to get your money back in a kind and compassionate manner.
What’s the Polite Way To See Whether Someone Has Received the Gift You Sent?
As a giving person, you took the time to buy a present for someone in your life and mail it to them. You thought they would reach out when it was received, but so far, you’ve heard crickets.
You want to make sure the gift arrived safe and sound, but you’re afraid checking in will seem like you’re begging for a “thank you.” Use this advice to politely reach out and make sure the package is in their possession.
Do You Always Have To Pitch In for an Event or Gift at Work?
One of your colleagues is always celebrating something or raising money for a charitable cause — and it’s costing you a lot of money. You’re happy to pitch in sometimes — i.e., for your work bestie’s wedding gift — but something has to give.
Right now, you’re putting way too much of your paycheck back into the office, so you’re hoping to set up boundaries. Here’s some guidance to help you know when to pitch in and when it’s OK to pass on a contribution.
Here’s the Best Way To Handle Splitting the Check
Going out to eat with family and friends is a great way to catch up, but maybe you’ve started dreading it because the bill is usually divided unfairly — and not in your favor. You’re on a budget, so you’re mindful of the price next to what you order, so it’s beyond frustrating to have to chip in for expensive entrees and pricey cocktails you didn’t even get to indulge on.
You don’t want to stop these fun nights out, but you’re ready to stop accepting invites if you have to keep paying more than your fair share. Use these tips to learn how to split the check in a way that works for everyone.
Do You Have To Attend Every Wedding-Related Event?
While you might be excited to find out that a friend’s getting married, you also could be a bit stressed out when you find out how much it will cost you to attend the various events. According to recent research from The Knot, a bachelor party typically costs $1,500, while a bachelorette party can set you back $1,300. The amount you spend will depend on the location and the event duration, but you can be down at least $1,000.
This also doesn’t factor in the costs associated with other events, such as an engagement party or the hotel you have to book for out-of-town weddings. This means you have to decide whether you’ll splurge on every wedding event when a friend ties the knot.
Can Loud Budgeting Help You Avoid Spending Money?
A new money trend that has popped up on TikTok is “loud budgeting,” a term that represents being vocal about your expenses and financial goals. This technique for saving money involves politely turning down social gatherings because they could put your financial goals at risk. Loud budgeting encourages you to be honest with your friends about prioritizing your financial goals and expenses for certain social events.
This is a helpful strategy because feeling like every invitation is an invoice can be disheartening. This social media personal finance trend encourages staying on track with your budget and financial goals while informing your friends of your situation. This means that you can feel comfortable declining that destination bachelor party because you know that spending over $1,000 could deplete your emergency fund or set you back on your home down payment savings.
Martin Dasko contributed to the reporting for this article.
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