As a bartender or waitress, it is not uncommon that a busy shift equals pockets full of cash tips. In fact, as a server or bartender, tips are often what you have to look forward to. Though the hourly wage may be lacking for this type of job, the tips often make up for it, especially those made during long or busy shifts. Having said that, those it’s very possible for a server or bartender to make decent money, because the majority of this money is made in tips, it can often be fleeting, gone before you have a chance to even get it into a bank account. Practicing particular habits in order to save these tips, however, can go a long way in turning those jars full of tips into a substantial savings that can help you feel more secure.
The first of the tips that can help you turn your tips into savings is in regards to transportation. This is especially relevant if you live in a big city, such as New York or Los Angeles where taking a taxi to and from work everyday is the norm. If, instead, you opt for public transportation, you can save hundreds of dollars a month. Another tip to consider is all about dining and drinking out. If you’re the kind of person who is in the habit of eating out before, during, or after your shift (and yes, this includes coffee runs), what you might not be thinking is that this is money you could potentially be saving. Try planning meals and bringing a large cup of coffee from home in order to save a few extra bucks every day. Lastly, it’s important to deposit that money you make in tips. If you get into the habit of depositing all but $20, the out of sight, out of mind concept comes into play. Money placed in a savings account in a bank is more likely to be saved than cash in your pocket.
Original article posted on ABarAbove.com.