When you need information about your financial needs, YNN's Tara Lynn Wagner brings it to you with
, which airs every Tuesday.
Money Matters: Holiday tipping
To view our videos, you need to
install Adobe Flash 9 or above. Install now.
Then come back here and refresh the page.
A Consumer Reports survey conducted at the end of last year's holiday season found that despite the economy, Americans remained generous holiday tippers.
“The rate of tipping and the amount of tip really hasn't changed since about 2008, which shows that people really are interested in giving and they appreciate the service that they give,” Consumer Reports Senior Editor Tobie Stanger said. “We surveyed about 1,800 people nationwide, and about 40 percent said they are not tipping at all.”
So who should get a tip?
“It's very personal. It could have to do with someone who's provided very good service to you, it could be someone who gives a regular service to you or people in your family or maybe even your pet,” Stanger said.
If tipping is possible, experts say cash is king, so be sure to budget for it. While the amount depends on what the consumer can afford, there are recommendations for those who provide a personal service, like caregivers, dog walkers and salon professionals.
“You provide equal to one week's pay if they are doing a job over several weeks or every week or equal to one session. So if you got a house cleaner and you're paying a house cleaner say $50, $60 or $75 a week to come, that would be a rule of thumb but of course you can give more or give less,” Stanger said..
For some, tipping just isn't feasible this year and experts say a handwritten, heartfelt note goes a long way.
Find out more in this “Money Matters” in the video above.