HOW TO BUDGET AS A SERVER WORKING FOR TIPS

It can be a struggle to have a regular budget if you never know exactly how much money you’re going to make. However, it’s not impossible, and there are some things you can do.

BUDGETING WHEN YOU WORK FOR TIPS

In order to budget when you work for tips, take a look at your last few pay stubs and tips earned to determine how much income you can expect each month.

TRACK EACH CENT YOU MAKE

Tracking each cent that you make also ensures that you’re not spending money on completely unnecessary things.

KEEP TRACK OF YOUR EXPENSES

If you do this, you’ll be able to tally up how much money you have spent at the end of each month, and it will let you know exactly what your expenses are.

MANAGE YOUR INCOME

One way to manage your income is to use an envelope system. Another way is to deposit all of your earnings into your bank account and track your spending with an app.

USING THE ENVELOPE SYSTEM

To use the envelope system, you will want to have a separate envelope for your fixed expenses, savings goals, and spending money.

USE A BANKING APP

Another way to manage your tip money as a server is to deposit it into your bank account and then use a banking app such as Mint or You Need A Budget (YNAB).

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