Personal Finance Young Money

  Friday, 28 Oct 2016 | 8:30 AM ET

The lowdown on tipping: Who to tip, how much to give and when to not tip at all

Posted ByLandon Dowdy

Dinner, getting gas, at the salon … saying thank you in the form of cash is rife with uncertainty. It's that age old question: Who do you tip and how much?

Fortunately, there are general rules for the Do's and Don'ts of leaving a tip.

For example, when you order out, tip 10 percent for delivery. At a restaurant, always tip the server between 15 percent and 20 percent on the pre-tax amount. If you are out for drinks with friends, make sure you bring cash for the bartender — usually $1 or $2 per drink is acceptable.

If there's a restroom attendant, even if you don't need or want their help handing you a towel, tip 50 cents to $3. A coat roam attendant should get $1 per coat and a valet should receive between $2 and $5.

At a hotel, leave between $2 and $5 per day with a note. Even just a simple "Thank you, housekeeping" goes a long way. For all salons and barbershops, 15 percent to 20 percent of the bill is the norm.

»Read more
  Friday, 28 Oct 2016 | 8:00 AM ET

Tipping 101: Here’s when and how much you should tip

Posted ByLandon Dowdy
CNBC's Landon Dowdy provides helpful tips on tipping. »Read more
  Thursday, 1 Sep 2016 | 8:30 AM ET

Ways to save on the high cost of love (or at least dating)

Posted ByLandon Dowdy

Love can cost you.

American singles spend about $20,000 on average dating in a lifetime, according to event planners Paint Nite who surveyed 1,000 people on the ins and outs of dating.

For the more than half of all millennials who are currently single, based on a Gallup survey, that's a large chunk of change.

These days, just dinner and a movie costs about $90 — even more if it's in 3-D. On average, a special night out on the town can set you back a few hundred dollars.

But there are plenty of fun things to do that don't break your bank. To that end, here's how to date on the cheap without feeling cheated on date night:

Grabbing drinks

Going out for drinks can add up quickly, especially when cocktails can cost more than $14 a glass in many metropolitan areas. Instead, try meeting for coffee, especially if it's a first date. If you still prefer the bar scene, pick a spot during happy hour and snack on the free chips or nuts.

Or go "bar hopping" with friends by rotating among friends' homes and supplying your own drinks and snacks, suggested Victoria Fillet, a certified financial planner and founder of Blueprint Financial Planning in Hoboken, New Jersey.

Wine shops also often offer wine tastings for free. Try the tasting, then "buy a bottle of wine and go find a good spot to catch the sunset," said equity strategist Ken Talanian. It's a romantic way to spend time over a drink without paying restaurant prices, he said.

Parks, in general, are a great spot for a cheap date, Talanian added. "Sometimes the best dates don't have to be expensive," he said. "A picnic, wine and cheese in the park, or even an ice cream date can be more enjoyable than an expensive dinner."

»Read more
  Thursday, 1 Sep 2016 | 8:00 AM ET

How to live the single life without going broke

Posted ByLandon Dowdy
CNBC's Landon Dowdy provides helpful tips on how to date without going broke. »Read more
  Friday, 5 Aug 2016 | 8:30 AM ET

We test whether meal-prep services really measure up as promised

Posted ByLandon Dowdy

Going out to eat can get expensive, while cooking at home can be time-consuming and costly, depending on the menu.

Still, convenience often wins out. Millennials spend about $175 a month on restaurants, 14 percent more than older generations. And 87 percent of millennials will splurge on a nice meal even when money is tight, according to Restaurant Marketing Labs.

Now there's a new option growing in popularity: recipe-delivery services. It provides you with the ingredients you need to make a meal in exactly the right proportions from the different dinner options you choose on the websites. For about $190 a month, you get two servings of two or three recipes a week (depending on the service) all delivered to your door.

"If you want fresh, healthy, home-cooked food but need to save some time, recipe-delivery services are a good option," said Benjamin Glaser, an editor at DealNews.

But whether these meal-prep services save money, time and actually taste good is another story. So we tried out three: Plated, Blue Apron and Marley Spoon. Here's what we found.

The pros:

You'll save time. It's faster than going to the grocery store to shop for all of the ingredients, because the companies ship the exact amount of the items you'll need, like vegetables, meat, pickle chips, multicolored Tinkerbell peppers and even gochujang (a Korean condiment).

That also means you won't waste money on food you don't end up using. You don't shell out for ingredients that you might throw away or never use again because the services send the exact amount, like two tablespoons' worth of lemon zest or a half cup of salad dressing.

You could save money. A basic meal package will cost you $48 from Plated and Marley Spoon and $60 from Blue Apron per week. Plated and Marley Spoon include two different meals for two people. Blue Apron provides three different meals for two people, which comes out to about $10 to $12 a head, pretty reasonable for a nice dinner.

"They can be comparable to grocery store prices, which suggests they are cheaper than eating at restaurants or getting take out," said Glaser.

But do you get what you pay for? Sam Heilbroner, 24, a medical student in New York City, tried Blue Apron. "The food itself was excellent," he said. "The quality was probably the same as a $25 entree at a restaurant."

You'll pick up some new cooking tips. If you don't know how to prepare something, there are tutorial videos on the sites, like how to blanch green beans, core a tomato or the best way to mince garlic.

We made a lemon chicken and green bean dinner from one of the services. Eating a similar dish out would cost about $15, according to foodservicewarehouse.com, but could cost $20 or more at a pricier restaurant.

»Read more
  Friday, 5 Aug 2016 | 8:00 AM ET

We put three meal delivery services to the test

Posted ByLandon Dowdy
CNBC's Landon Dowdy tests out three recipe delivery services to see which performs and tastes best. »Read more
  Thursday, 21 Jul 2016 | 8:58 AM ET

These cities are likely to be your best bet if you are just starting out

Posted ByLandon Dowdy

Whether you've just graduated college or you're a working millennial looking for a career change, some cities are better than others for getting your professional life off the ground.

Two-thirds of those aged 18 to 24 said a job opportunity was the main factor in considering a new location, followed by the cost of living and getting a fresh start, according to a recent Adecco survey of more than 1,000 college students and recent grads.

Joyce Russell, the president of Adecco Staffing, said she witnessed it first-hand with her own son who moved halfway across the country. "He went to a city that he had never been to before and he went there just for the opportunity," she said.

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  Thursday, 21 Jul 2016 | 8:00 AM ET

These are the best cities to start your career

Posted ByLandon Dowdy
CNBC's Landon Dowdy reveals the best cities to start your career. »Read more
  Wednesday, 6 Jul 2016 | 8:30 AM ET

Moving? Here's how to do it without breaking the bank or your back

Posted ByLandon Dowdy

Summer is the most popular time of year to move and that means many millennials are packing their bags.

In fact, 44 percent of those young people say they plan to pull up stakes within the next year, according to Rent.com.

Relocating for a job was the top reason millennials move, the apartment search website said. Moving for love was a distant second.

"Typically they go where the work is," said Dick Power, certified financial planner and founder of Power Plans. Millennials will jump on the opportunity to improve their skill sets and up their paycheck, he said, "so it's very common they will change jobs half a dozen times for a career."

But moving from one location to another can be a huge hassle, not to mention a hit to your wallet.

Here are some tips to make your move a little easier financially and physically:

Start by mapping out your expenses in advance — it may cost more than you think. About 15 percent of consumers said they went into debt as a result of moving costs, according to Our Town America, a direct mail company that targets recent movers.

The average cost of an intrastate move is $1,170; interstate moves average $5,630, according to the American Moving & Storage Association. (That's based on the average weight of belongings of 7,500 pounds.) Although for millennials with less stuff, the cost would be lower, according to Michael Keaton, a spokesman for AMSA.


For do-it-yourselfers, sites like Moving.com have a packing calculator to determine what size moving truck you will need, in addition to packing supplies. Although the cost varies by location, renting a 15-foot moving truck will set you back about $30 a day plus $2.49 a mile. Securing a truck that is too large will waste money on gas and rental fees, not to mention that the bigger it is, the harder it can be to navigate.

The cost of boxes also adds up quickly, particularly if they are specialty ones. Average-size packing boxes cost about $2 each but hanging-garment boxes are four times as much. Instead, try pulling a large garbage bag over multiple items hanging in your closet and tie a string around the tops of the hangers to keep them together. U-Haul, for example, also offers a box exchange where customers can pick up free used boxes before their move.

If you are relocating for work and your employer doesn't cover the moving costs, you may able to write off some of those expenses, including traveling to a new location or transporting your furniture. The rule generally applies if you work full time and your new workplace is at least 50 miles away from your old home.

Your regular renter's insurance may cover your move, but double-check to make sure. If not, ask your insurance provider if you can purchase a rider on your base policy. You can also generally purchase insurance through your mover.

"It isn't inexpensive because of the likelihood of loss or damage can be pretty high," Power said, but it may be worth the peace of mind.

»Read more
  Wednesday, 6 Jul 2016 | 8:00 AM ET

Young Money: Millennial Moving Tips

Posted ByLandon Dowdy
CNBC's Landon Dowdy shares 7 essential moving hacks that every millennial should know. »Read more

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