When you rely on tips to pay the bills, managing your money can be tricky.
Not to mention the fact that the service industry took a huge hit during the COVID-19 pandemic.
Add in rising costs of living and bad tippers, and it can all feel a bit overwhelming.
This can make planning tough.
The first step is to start tracking your income.
Pick the lower of the averages and base your budget on that figure, says Morrison.
Just to be safe.
Then pick a budgeting method.
We like the 50/20/30 method because it makes things super easy, and it offers a lot of flexibility.
Want to see if it’s possible for you to win money at it?
A free app calledSolitaire Cashlets you play for real money up to $83 per win.
For each game of Solitaire, youll compete against at least five other players.
Everyone gets the same deck, so its all about skill.
The top three players can win real money.
you’re free to play free practice games or enter tournaments for as little as $1.
And no, this isnt one of those spammy apps.
There arent even any annoying ads.
Want to see how much you could win?
If you rely on tips, you might need a little extra cash more than ever.
A site calledSurvey Junkiecould pay you up to $40 a month just for filling out surveys.
Completing just three surveys a day can earn you as much as $40 a month.
More than 10 million people already use Survey Junkie, and it has 4.5/5 stars on TrustPilot.
See how much extra cash you could earn byvisiting Survey Junkieand clicking the Join Now button.
Immediately Set Aside 10 to 15% of What You Make Each Shift
Heres another bartender tip from Morrison.
Doing this helps with taxes; set aside even more, if you’re free to.
Start planning and saving for it now so you dont find yourself in a bind later.
Yeah, us too.
So, depending on where you live, more of your savings may go back into your pocket.
From there, you might enroll in a Treasury account and start investing for as little as $100.
After your Treasury bills mature, Public will automatically reinvest to create a compounding effect.
you’re free to also sell your Treasury bills at any time*.
It only takes a few minutes toenroll in a Treasury accountwith Public to start earning more on your savings.
This is a paid endorsement for Public.com.
Cancel Your Car Insurance
Working for tips, you dont really have the luxury of working from home.
And for a lot of people, that means driving to work.
When was the last time you compared car insurance rates?
If its been more than six months since your last car insurance quote, chances are youre seriously overpaying.
Yep in just one minute you could save yourself $715 this year.
Thats some major cash back in your pocket.
- Yield is an annualized 26-week T-bill rate (as of 11/21/2023) when held to maturity.
Rate assumes holding T-bill until maturity (26-weeks).
T-bills liquidated prior to maturity may result in a loss of interest or principal.
Rate is gross of fees and is annualized.
All investing involves risk of loss.
Past performance is not indicative of future results.Risks.
** Traditional savings rate sourced from Bankrate as of 10/3/23.
Public is not responsible for the accuracy, timeliness, or completeness of information on third-party websites.
Nor Public Holdings or its affiliates are a bank and Public does not offer savings accounts.
Securities on Public.com are not FDIC insured.
You should contact your bank for current and complete information about available account types, including applicable interest rates.Risks.
*** T-bills are subject to price change and availability yield is subject to change.
Past performance is not indicative of future performance.
As a general rule, the price of a T- bills moves inversely to changes in interest rates.
Securities investments: Not FDIC Insured; No Bank Guarantee; May Lose Value.
Banking services and the Bank Account are provided by Jiko Bank, a division of Mid-Central National Bank.
Available to US members only.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
