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Tips?

March 23rd, 2011 at 08:07 am

I started my new job yesterday. I ended up busing tables at the lounge. It was fine, hard work and I'm tired. I'm doing it again today. Anyways, I'm getting paid $9 an hour, working full time, and now I'm getting tips for busing tables in the lounge. I made $5 in tips last night. Which sucks. I'll aim higher tonight. I'm not sure what to do with the tips. For right now, I'm keeping them in a jar in my room. Any suggestions?

It's being counted separately from the money I find on the street. I'll keep adding the tip money in that jar until I can think of something completely awesome to do with it.

7 Responses to “Tips?”

  1. creditcardfree Says:

    I'd add it to your emergency fund until you meet your goal! I know not really 'fun', but you won't regret the security it will provide!

  2. KiwiJo09 Says:

    That's a great idea. I'm going to let it collect until my first day off. And then add it to my emergency fund! Thanks!!! I don't know how I didn't think of that. LOL

  3. Ima saver Says:

    I use to work in a restaurant, however, I only made $2.01 an hour. (and I had to buss my own tables) I generally saved my tips and put them in a mutual fund.

  4. Petunia 100 Says:

    You have some small debts. I think I would save up my tips until I had enough to pay one in full, then do just that.

    Whatever you decide, congrats on your new job!

  5. Joan.of.the.Arch Says:

    Are you in New Zealand? You spell like a USAmerican, so I'll assume that is where you are. In the US, tips are taxable. In fact, if the IRS knows you are in a job that typically gets tips, you might be surprised by the IRS taxing you on how much in tips they ASSUME you received. So absolutely make sure to either have enough taxes withheld from your check, or save back enough money to pay the taxes on your tips. Also keep good records of how much you actually earned in tips and get your employer to vouch for it in writing.

  6. creditcardfree Says:

    After you get your small emergency fund in place, I would then tackle the debt...and fast!!

  7. Jerry Says:

    I was thinking what Joan posted above... remember that there are tax considerations that can lead to a headache if you are not prepared. I hope that you have some insurance that you will really like the new job! Good luck with everything...
    Jerry

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